Procurement Cycle & Sourcing Strategies + Real Case Studies

What you'll learn:
Stages of a Procurement Cycle A-Z
Learn Various Sourcing Strategies
Understanding Roles and Responsibilities of a Procurement professionals
Best practices to effectively manage various stages of procurement Cycle
Learn Risk Factors and mitigation techniques in Stages of Procurement
Understand in detail about Commercial negotiations
Best Practices to conduct a commercial negotiation
How to effectively manage supplier relationships
Learning Step by Step Guide in Conducting Commercial negotiation
How to get best Value of the money spend
Learn to estimate total cost of acquisition of a goods or service

Requirements:
No prior experience or knowledge needed. Any new learner can enroll

Description:
The procurement management course gives comprehensive ways of managing the complete Procurement Cycle starting from Demand (Purchase Request) up to end of life of the goods or service purchased including disposal. The course covers all the purchasing activities  like pre-purchase activities & post purchase activities, how to successfully conduct a commercial negotiation which is an integral part of a procurement function., how to get best value for money rather than focusing only on cost, how to identify and mitigate various risk factors in various stages of procurement cycle and all such similar topic.  The course has covered almost all best practices which applies in major profit and non profit organizations. The methodology is discussed in a very simple language with practical examples to help students from any field to understand the course. The course is 100 % based on practical knowledge of the instructor and whatever taught in this course is practical ways in which the procurement function is carried out in various organizations by various procurement workers like Buyers, Procurement executives, procurement manager etc.  The Course also has separate section to discuss real life case studies to understand each topic learned in section 1. This case studies help to corelate theoretical knowledge to practical workspace. To help reduce pricing for the students and to make the course less time intensive for the students, the course instructor has divided the course into 2 Volumes with Vol.1 dealing with all Purchasing activity and commercial negotiation and Vol.2 dealing with Commercial contracting, Ethics and sustainability , Risk management & Logistics. The Instructor of this course has 9 years of rich procurement experience in various industries with comprehensive experience in procurements of  Spare parts, Machineries, Fixed asset, Servicing, Raw Materials Consumables, commodity etc. For the course to be more rich in knowledge for the students and make it more practical, the instructor has also included multiple case studies at end of the course.

Who this course is for:
Any procurement professional who wish to learn more about best procurement practice
Anyone who wish to pursue their career in procurement
Lecturers in business schools who wish to impart practical knowledge to their business students
Working Professional from any Field and any organization
Business owners who want to understand elements of supply chain
Students from Business or other fields who wish to learn about Supply chain elements

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