Strategic Procurement and Vendor Management
This course focuses on building robust supplier relationships and implementing cost-effective procurement strategies for expanding start-ups. Participants will learn how to optimize the supply chain while ensuring financial integrity and compliance.
£450
Certified Procurement Professional
- Pass mark 70%
- Certificate on completion
- Verifiable public certificate ID
- English · available globally
Strategic Procurement and Vendor Management: the short answers
- What is Strategic Procurement and Vendor Management?
- This course focuses on building robust supplier relationships and implementing cost-effective procurement strategies for expanding start-ups. Participants will learn how to optimize the supply chain while ensuring financial integrity and compliance.
- Who is Strategic Procurement and Vendor Management for?
- It is pitched at Intermediate level for Procurement Managers working in Start a Business, and is studied online from any country.
- How long does Strategic Procurement and Vendor Management take?
- Around 20 hours of study, plus the assessed assignments and one applied project.
- How is the certification assessed?
- Every assignment and the final project are assessed automatically against the published criteria. The pass mark is 70%, and an item that does not pass can be resubmitted.
- What do I receive when I pass?
- Certified Procurement Professional, issued as a certificate with a unique ID that employers can check in the public certificate register.
- How much does it cost?
- £450 once, with no subscription.
What you will be able to do
- Design an effective vendor selection criteria
- Manage supplier performance contracts
- Perform total cost of ownership analysis
- Negotiate favorable payment terms
- Mitigate supply chain disruption risks
Written by Marcus Thorne, Head of Supply Chain. Every submission is assessed automatically against the published criteria for Certified Procurement Professional, and the certificate is issued the moment the assessment is complete.
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