Course Details

The Procurement Management in Practice course is designed to provide participants with practical insights and skills in the field of procurement. Tailored for professionals involved in procurement processes, supply chain management, or those seeking to enhance their knowledge in purchasing and sourcing, this course focuses on real-world applications. Participants will gain a deep understanding of procurement best practices, contract management, negotiation strategies, and risk mitigation. The course emphasizes hands-on learning to equip individuals with the tools necessary to navigate the complexities of procurement in various industries and organizational settings

Requirements

Enrollment in the Procurement Management in Practice course typically requires a basic understanding of business concepts and procurement fundamentals. While there may not be strict educational prerequisites, individuals with prior experience in procurement or related fields may find the content more relatable. Access to a computer with internet connectivity is necessary for participating in virtual sessions, accessing course materials, and completing assignments.

Course Syllabus

Introduction to Procurement Management: Overview of procurement principles, the procurement life cycle, and the role of procurement in organizational success. Strategic Sourcing: Techniques for strategic supplier selection, relationship management, and optimizing the procurement process. Contract Management: Understanding contract types, terms, and conditions, along with effective contract negotiation and administration. Supplier Relationship Management (SRM): Developing and maintaining positive and collaborative relationships with suppliers to enhance overall performance. Risk Management in Procurement: Identifying, assessing, and mitigating risks associated with procurement activities. Ethics and Compliance in Procurement: Addressing ethical considerations, legal requirements, and compliance standards in procurement practices. Procurement Technology: Exploring the use of technology in procurement, including e-procurement systems, data analytics, and automation