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Purchasing, Procurement - CPD Approved Training

CPD Certified| Free PDF Certificate | Lifetime Access | Learner Support | No Hidden Fees | 100% Success Rate


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Summary

Price
£21 inc VAT
Study method
Online, On Demand What's this?
Duration
1.4 hours · Self-paced
Qualification
No formal qualification
Certificates
  • Certificate of completion - Free
  • Reed courses certificate of completion - Free
Additional info
  • Tutor is available to students

Add to basket or enquire

Overview

Unlock Your Potential in Purchasing and Procurement

Are you ready to excel in the dynamic world of Purchasing and Procurement? In today's business landscape, effective procurement strategies are crucial for success. Whether you're a professional looking to enhance your skills, a business owner seeking cost-effective sourcing solutions, or someone considering a career in this field, our Purchasing & Procurement Training is designed to empower you with the knowledge and expertise you need.

Why Purchasing & Procurement Matters:

In an increasingly competitive market, optimizing your procurement processes is not just an advantage; it's a necessity. Companies worldwide rely on skilled procurement professionals to:

1. Reduce Costs: Discover cost-saving opportunities through strategic sourcing, negotiation, and supplier management.

2. Improve Efficiency: Streamline procurement operations to save time and resources, leading to increased productivity.

3. Enhance Supplier Relationships: Build strong relationships with suppliers for mutual benefit and reliability.

4. Mitigate Risks: Learn how to identify and manage risks in the supply chain to ensure business continuity.

5. Drive Innovation: Stay ahead by implementing innovative procurement practices that boost competitiveness.

What You Will Gain:

Our comprehensive training covers the core principles and advanced strategies in Purchasing and Procurement, including:

1. Procurement Fundamentals: Understand the basics of procurement, including key terminologies and processes.

2. Strategic Sourcing: Learn how to identify, evaluate, and select suppliers strategically to achieve cost savings and quality improvements.

3. Supplier Management: Develop skills in managing supplier relationships, performance, and negotiations effectively.

4. Risk Management: Mitigate supply chain risks and ensure business continuity in a volatile market.

5. Procurement Technology: Explore the latest procurement software and tools to enhance your efficiency.

6. Sustainable Procurement: Discover how sustainable practices can drive cost savings and promote corporate responsibility.

Who Should Enroll:

Our Purchasing & Procurement Training is suitable for:

  • Procurement Professionals: Enhance your skills and stay updated with industry best practices.
  • Business Owners: Improve your company's procurement processes for cost-effective operations.
  • Career Seekers: Start or advance your career in procurement with a strong foundation.
  • Supply Chain Managers: Gain insights into optimizing procurement within the broader supply chain.

Don't miss this opportunity to become a procurement expert and drive success in your career or business. Enroll today and take the first step towards mastering the art of Purchasing & Procurement. Your journey to procurement excellence begins here.

Free Gift

  • Course Completion PDF Certificate
  • Tutor Support

Curriculum

10
sections
10
lectures
1h 26m
total

Course media

Description

Learning Outcomes:

  1. Comprehensive Procurement Understanding: Gain a strong foundational knowledge of procurement, covering key concepts, terminology, and principles.

  2. Effective Sourcing Strategies: Master the art of sourcing management, including identifying, evaluating, and selecting suppliers strategically to optimize costs and quality.

  3. Legal Expertise: Develop a deep understanding of contracts and UK public procurement law, ensuring compliance and minimizing legal risks in procurement activities.

  4. Negotiation Skills: Hone your negotiation skills to facilitate mutually beneficial agreements with suppliers, resulting in better deals and stronger relationships.

  5. Strategic Purchasing Mastery: Learn how to develop and implement effective purchasing strategies, including global procurement, risk management, and the use of essential tools for everyday procurement activities.

Module Descriptions:

  1. An Introduction to Procurement: Start with a solid foundation by exploring the basics of procurement, including its role, importance, and core principles in modern business operations.

  2. Sourcing Management: Dive deeper into sourcing management, focusing on strategies for identifying, evaluating, and selecting suppliers that align with your organization's goals.

  3. Supplier Selection: Learn how to make informed decisions when choosing suppliers, considering factors like quality, cost, and reliability.

  4. Contracts and Public Procurement Law in the UK: Understand the legal framework of procurement in the UK, ensuring compliance and risk mitigation.

  5. Negotiations: Develop negotiation skills that empower you to secure favorable terms, create win-win solutions, and strengthen supplier relationships.

  6. Introduction to Purchasing: Explore the fundamentals of purchasing, examining its role in the supply chain and its impact on overall business performance.

  7. The Strategy of Purchasing: Delve into advanced purchasing strategies, including global procurement and the development of comprehensive procurement strategies.

  8. Global Purchasing: Expand your knowledge to global markets, learning how to navigate international procurement challenges and opportunities.

  9. Risk Management in Purchasing: Master risk assessment and mitigation techniques to safeguard your procurement activities and maintain business continuity.

  10. Methods and Tools for Everyday Purchasing: Explore essential methods and tools that streamline everyday purchasing operations, enhancing efficiency and effectiveness in your role.

This comprehensive curriculum equips you with the knowledge and skills needed to excel in the field of procurement, whether you're starting your career, seeking to advance, or looking to optimize procurement within your organization.

Certificate of Completion

After completing the Purchasing & Procurement diploma course, you will be able to obtain your free PDF certificate of course completion.

Who is this course for?

Ideal Audience for This Course:

  1. Procurement Professionals: Individuals currently working in procurement roles who want to enhance their knowledge and skills to excel in their careers and contribute more effectively to their organizations.

  2. Supply Chain Managers: Professionals responsible for supply chain management who want to strengthen their procurement expertise to optimize supplier relationships and sourcing strategies.

  3. Business Owners and Entrepreneurs: Small business owners and entrepreneurs looking to gain a comprehensive understanding of procurement to improve their supply chain and cost management.

  4. Managers and Executives: Managers and executives from various departments who want to grasp the fundamentals of procurement to make informed decisions that impact their organizations.

  5. Government Procurement Specialists: Individuals involved in public procurement in the UK who need to navigate the legal complexities and best practices of government procurement.

  6. Aspiring Procurement Professionals: Individuals aspiring to enter the field of procurement who seek a strong foundation in procurement principles and practices.

  7. Global Business Professionals: Professionals working in international business and trade who want to expand their knowledge of global procurement strategies and challenges.

  8. Risk Management Specialists: Professionals focused on risk management who want to understand how risk assessment and mitigation apply specifically to procurement activities.

  9. Operations and Logistics Experts: Operations and logistics professionals interested in strengthening their understanding of procurement's role within the broader supply chain.

  10. Administrative and Support Staff: Administrative staff and support personnel who engage in purchasing or procurement-related tasks and wish to improve their contributions to the organization.

This course caters to a diverse audience, including both newcomers and experienced professionals in various industries and sectors, by providing a comprehensive education on procurement principles, strategies, and legal aspects.

Requirements

The Purchasing & Procurement course has no formal entry requirements.

Career path

  • Purchasing Assistant: Entry-level position, typically earning £20,000 - £30,000 per year in the UK.
  • Certified Procurement Specialist: With training and experience, salaries can range from £30,000 - £50,000 per year.
  • Procurement Manager or Director: Experienced professionals in leadership roles may earn £50,000 - £100,000 or more annually, depending on the size and complexity.

Questions and answers

Currently there are no Q&As for this course. Be the first to ask a question.

Certificates

Certificate of completion

Digital certificate - Included

Reed courses certificate of completion

Digital certificate - Included

Will be downloadable when all lectures have been completed

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FAQs

What does study method mean?

Study method describes the format in which the course will be delivered. At Reed Courses, courses are delivered in a number of ways, including online courses, where the course content can be accessed online remotely, and classroom courses, where courses are delivered in person at a classroom venue.

What are CPD hours/points?

CPD stands for Continuing Professional Development. If you work in certain professions or for certain companies, your employer may require you to complete a number of CPD hours or points, per year. You can find a range of CPD courses on Reed Courses, many of which can be completed online.

What is a ‘regulated qualification’?

A regulated qualification is delivered by a learning institution which is regulated by a government body. In England, the government body which regulates courses is Ofqual. Ofqual regulated qualifications sit on the Regulated Qualifications Framework (RQF), which can help students understand how different qualifications in different fields compare to each other. The framework also helps students to understand what qualifications they need to progress towards a higher learning goal, such as a university degree or equivalent higher education award.

What is an ‘endorsed’ course?

An endorsed course is a skills based course which has been checked over and approved by an independent awarding body. Endorsed courses are not regulated so do not result in a qualification - however, the student can usually purchase a certificate showing the awarding body’s logo if they wish. Certain awarding bodies - such as Quality Licence Scheme and TQUK - have developed endorsement schemes as a way to help students select the best skills based courses for them.