Professional Certificate in Procurement and Purchasing

Overview

Professional Certificate in Procurement and Purchasing by MTF Institute What you'll learn:

Introduction to Procurement, Sourcing, Supply ChainsPlanningProcurement ProcessesProcedure of ProcurementFocuses of work Welcome to course Professional Certificate in Procurement and Purchasing by MTF InstituteCourse video lessons equal to course Professional Diploma in Procurement, Sourcing, Supply Chainswith difference in articlesCourse provided by MTF Institute of Management, Technology and FinanceMTF is the global educational and research institute with HQ at Lisbon, Portugal, focused on business & professional hybrid (on-campus and online) education at areas:

Business & Administration, Science & Technology, Banking & Finance. MTF R&D center focused on research activities at areas:

Artificial Intelligence, Machine Learning, Data Science, Big Data, WEB3, Blockchain, Cryptocurrency & Digital Assets, Metaverses, Digital Transformation, Fintech, Electronic Commerce, Internet of Things.

MTF is the official partner of:

IBM, Intel, Microsoft, member of the Portuguese Chamber of Commerce and Industry.MTF is present in 208 countries and has been chosen by more than 400 000 students.What are Procurement and Sourcing?Procurement:

The overarching process of acquiring goods and services that a company needs for its operations. It goes beyond simply buying things; procurement covers:

Identifying needsFinding suppliersNegotiating contractsOrderingReceiving goods/servicesPayment processingManaging supplier relationshipsSourcing:

A strategic part of procurement.

It focuses on:

Researching the market to find potential suppliersEvaluating suppliers based on cost, quality, reliability, sustainability, and risk factorsSelecting the best suppliers for the business's specific needsWhy is Learning Procurement and Sourcing Important for Companies and Managers?Cost Savings:

Effective procurement and sourcing finds the best value for money. This directly impacts the company's bottom line.Efficiency:

Streamlined processes in procurement avoid delays and bottlenecks in a company's operations.Risk Mitigation:

Thorough sourcing helps identify potential risks (like supply disruptions) and proactively manage them.Competitive Advantage:

Strong supplier relationships and access to quality materials or services can give companies an edge in the market.Innovation:

Sourcing can help uncover new technologies, materials, or processes that boost a company's offerings.How Procurement and Sourcing Skills Build Global CareersHigh Demand:

Companies worldwide of all sizes need individuals who understand how to source and procure effectively.Transferable Skills:

The fundamentals of procurement and sourcing apply across industries and countries.Cross-Functional Collaboration:

Procurement interacts with many departments (finance, operations, legal), giving a broad view of how businesses function globally.Growth Potential:

As globalization increases, the need for professionals who understand the complexities of international procurement and supply chains will rise.Course Author:

Igor DmitrievDigital Transformation and Banking ExpertEducation:

MBA, The Boston UniversityMaster of Science at Engineering (Technical) Management,The State University of New York at BuffaloMaster of Science at Informatics and Economics,Six Sigma Black BeltExperience:

Expert at Banking (> 18 years), FinTech & Digital (> 15 years),Experienced Manager (> 14 years) with successful track of recordsat personal and corporate entrepreneurship.More than 12 years at worldwide banking groups such usSociete Generale , RaiffeisenbankExperience at roles:

CEO, Head of Business, Chief Digital &Marketing Officer, Head of Digital Transformation and Channels, Head of Products and Marketing.

Syllabus

• Introduction to Procurement and Purchasing
Overview of Procurement and Purchasing
Importance in Business Operations
Key Roles and Responsibilities
• Procurement Process
Steps in the Procurement Cycle
Request for Proposal (RFP) and Tendering
Supplier Evaluation and Selection
• Purchasing Strategies
Types of Purchasing Strategies
Category Management
Strategic Sourcing
• Supplier Relationship Management
Building and Maintaining Supplier Relationships
Negotiation Techniques
Performance Measurement and KPIs
• Cost and Value Analysis
Total Cost of Ownership
Cost-Benefit Analysis
Value Engineering
• Contract Management
Types of Procurement Contracts
Key Elements of a Contract
Risk Management in Contracts
• E-Procurement Systems
Introduction to E-Procurement
Benefits and Challenges
Implementation Strategies
• Legal and Ethical Considerations in Procurement
Procurement Laws and Regulations
Ethical Issues and Best Practices
Compliance and Governance
• Sustainable Procurement
Principles of Sustainable Procurement
Environmental and Social Responsibility
Implementing Sustainability in Purchasing
• Advanced Topics in Procurement
Global Sourcing and International Procurement
Impact of Technology and Innovation
Procurement Analytics and Big Data
• Capstone Project
Real-world Procurement Case Study
Application of Course Concepts
Presentation and Feedback
• Review and Exam Preparation
Summary of Key Concepts
Study Tips and Strategies
Practice Exams and Quizzes

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Taught by

MTF Institute of Management, Technology and Finance

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Subjects

Business