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Mastering Strategic Procurement; Negotiation, Sourcing, and Contract Management

Mastering Strategic Procurement; Negotiation, Sourcing, and Contract Management

$199.00
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Mastering Strategic Procurement: Negotiation, Sourcing, and Contract Management



Course Overview

This comprehensive course is designed to equip procurement professionals with the skills and knowledge needed to excel in strategic procurement, negotiation, sourcing, and contract management. Participants will receive a certificate upon completion, issued by The Art of Service.



Course Features

  • Interactive and engaging learning experience
  • Comprehensive and up-to-date content
  • Personalized learning approach
  • Practical and real-world applications
  • High-quality content developed by expert instructors
  • Certification upon completion
  • Flexible learning options
  • User-friendly and mobile-accessible platform
  • Community-driven learning environment
  • Actionable insights and hands-on projects
  • Bite-sized lessons for easy learning
  • Lifetime access to course materials
  • Gamification and progress tracking features


Course Outline

Module 1: Introduction to Strategic Procurement

  • Defining strategic procurement and its importance
  • Understanding the procurement cycle
  • Key concepts and terminology in procurement
  • Overview of procurement strategies and tactics

Module 2: Procurement Planning and Strategy Development

  • Developing a procurement strategy
  • Conducting market research and analysis
  • Defining procurement objectives and metrics
  • Creating a procurement plan

Module 3: Sourcing and Supplier Management

  • Defining sourcing and supplier management
  • Identifying and evaluating suppliers
  • Developing and managing supplier relationships
  • Implementing supplier diversity and inclusion initiatives

Module 4: Negotiation and Contract Management

  • Understanding negotiation principles and strategies
  • Developing negotiation skills and tactics
  • Creating and managing contracts
  • Understanding contract law and regulations

Module 5: Contract Administration and Close-Out

  • Managing contract performance and compliance
  • Administering contract changes and amendments
  • Closing out contracts and evaluating performance
  • Documenting lessons learned and best practices

Module 6: Procurement Technology and Tools

  • Overview of procurement technology and tools
  • Using e-sourcing and e-procurement platforms
  • Implementing procurement software and systems
  • Understanding data analytics and reporting

Module 7: Procurement Ethics and Compliance

  • Understanding procurement ethics and compliance
  • Developing a code of ethics and conduct
  • Implementing compliance programs and policies
  • Managing conflicts of interest and corruption

Module 8: Procurement Metrics and Performance Management

  • Defining procurement metrics and performance indicators
  • Measuring and tracking procurement performance
  • Developing and implementing procurement dashboards
  • Using data analytics to drive procurement decisions

Module 9: Advanced Procurement Topics

  • Understanding category management and strategic sourcing
  • Implementing procurement transformation and change management
  • Developing procurement talent and succession planning
  • Understanding procurement's role in organizational strategy

Module 10: Capstone Project and Course Wrap-Up

  • Applying course concepts to a real-world project
  • Developing a comprehensive procurement plan
  • Presenting and defending the capstone project
  • Course wrap-up and final thoughts


Certificate of Completion

Upon completing the course, participants will receive a Certificate of Completion issued by The Art of Service. This certificate demonstrates expertise in strategic procurement, negotiation, sourcing, and contract management.

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