Course description
This rigorous program is designed to provide participants with a holistic understanding of procurement management, focusing on strategic sourcing, contract negotiation, risk management, and ethical procurement practices. By blending theory, real-world examples, and best practices, we aim to empower you with the skills and knowledge necessary to become a Certified Procurement Professional.
Upcoming start dates
Upcoming start dates
Suitability - Who should attend?
This course is ideal for:
- Individuals pursuing a career in procurement and looking to achieve certification.
- Procurement and supply chain professionals seeking to enhance their skills and knowledge.
- Business managers and executives aiming to improve their organization’s procurement strategies.
- Students studying business, supply chain, or related fields looking for a professional certification.
- Government officials involved in procurement activities.
Outcome / Qualification etc.
Upon completion of this course, attendees should be able to:
- Comprehend the core principles and elements of procurement management and their contribution to organizational goals.
- Develop and execute strategic sourcing plans, including supplier selection and evaluation.
- Master contract negotiation techniques to achieve the best value for money.
- Manage risks in the procurement process and develop contingency plans.
- Implement ethical and sustainable procurement practices while ensuring compliance with laws and regulations.
Training Course Content
Day 1
Introduction to Procurement Management
- Procurement in the Business Context: Definitions, objectives, and significance.
- The Procurement Process: Overview of procurement cycle stages.
- Procurement Planning: Identifying needs, market research, and budgeting.
- Introduction to Certified Procurement Professional (CPP) certification.
Day 2
Strategic Sourcing
- Developing a Sourcing Strategy: Aligning sourcing with organizational goals.
- Supplier Selection: Criteria, evaluation techniques, and supplier performance.
- Supplier Relationship Management: Building and maintaining productive relationships.
- Global Sourcing: Challenges and opportunities in international procurement.
Day 3
Contract Negotiation and Management
- Principles of Contract Negotiation: Preparing, conducting, and closing negotiations.
- Contract Types and Terms: Understanding different contract structures.
- Managing Contracts: Monitoring performance, payments, and changes.
- Dispute Resolution: Techniques and best practices.
Day 4
Risk Management and Compliance
- Risk Analysis in Procurement: Identifying, assessing, and mitigating risks.
- Developing Contingency Plans: Ensuring business continuity.
- Ethical Procurement: Fair practices, transparency, and anti-corruption.
- Compliance: Adhering to procurement laws, regulations, and standards.
Day 5
Preparing for the Certified Procurement Professional Exam
- Exam Overview: Format, content, and scoring.
- Study Strategies: Techniques for effective preparation.
- Practice Exam: Simulated exam session with feedback.
- Career Prospects: Opportunities and pathways as a Certified Procurement Professional.
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London Premier Centre
London Premier Centre is a UK leading training provider based in London and specialises in international short courses. Our inspiring, comprehensive portfolio of more than 400 professional development courses and seminars covers a wide range of professions from Administration, Leadership,...