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We're here to help you find itEmbark on your journey into the world of procurement and supply with our engaging *Introducing Procurement and Supply (L2M1)* course. Designed for newcomers and aspiring professionals, this 60-hour course lays the foundations by exploring crucial concepts such as supply chain management, contract management, and the roles and benefits of procurement in organizations. Learn how effective procurement strategies impact organizational efficiency and profitability, manage supplier relationships and grasp the vital stages of the sourcing process. With no prerequisites required, this course is perfect for anyone looking to understand and leverage procurement for enhanced business success. Dive into the world of procurement and emerge with a wealth of knowledge that can be practically applied to real-world business scenarios.
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♱ Excluding VAT/GST
Classroom Training price is on request
You can request classroom training in any city on any date by Requesting More Information
This course, designed for beginners and those exploring a career shift into procurement and supply, requires no formal prerequisites in terms of education or professional experience. However, to ensure a successful learning experience, the following foundational knowledge and attributes are beneficial:
Basic Understanding of Business Operations: Familiarity with general business concepts can aid in contextualizing procurement and supply chain management within a broader business environment.
Effective Communication Skills: Ability to comprehend and articulate ideas clearly in both written and verbal forms, as communication is key in procurement and supply roles.
Basic Numeracy and Analytical Skills: Comfort with numbers and elementary analysis will help in understanding budget management, cost analysis, and other financial aspects of procurement.
Problem-Solving Skills: Being able to think critically and solve problems will facilitate learning about supply chain challenges and procurement strategies.
Interest in Organizational Efficiency: A keen interest in how organizations operate and how efficiencies can be enhanced through effective procurement strategies.
These prerequisites are meant to prepare you for the educational content of the course and are not mandatory for enrollment. This course is structured to be accessible to individuals with no prior expertise in procurement and supply.
Introducing Procurement and Supply (L2M1) is a foundational course ideal for those new to or aspiring for a career in procurement, as well as business leaders.
Target Job Roles and Audience:
Introduction to Course Learning Outcomes: This course offers a comprehensive introduction to procurement and supply, exploring key concepts such as supply chain components, procurement impact, sourcing processes, and ethical standards in procurement.
Learning Objectives and Outcomes:
The sourcing process is a critical component of procurement management, focusing on selecting and engaging suppliers to obtain goods and services. This involves several procurement steps, including identifying needs, sourcing suppliers, and evaluating bids, often facilitated by tools like SAP Ariba Sourcing. Effective management ensures the procurement chain operates efficiently, potentially supported by professionals with SAP SCM certification to optimize the supply chain functionalities. This ensures that the procurement aligns with organizational goals, delivering cost savings and fostering strong supplier relationships.
Organizational efficiency is about maximizing output from minimum input, reducing waste, and improving processes to enhance performance. In procurement, this involves refining procurement steps, enhancing procurement management, and utilizing advanced tools like SAP Ariba Sourcing for strategic sourcing efficiency. Efficient procurement chain management ensures seamless operations, reducing delays and costs. Professionals aiming for excellence in this field often pursue certifications like SAP SCM to deepen their expertise and credibility in managing supply chain complexities effectively.
Supply chain management is the oversight of materials, information, and finances as they move from supplier to manufacturer to wholesaler to retailer to consumer. It involves coordinating and integrating these flows both within and among companies. Essential steps in this process—procurement management and procurement steps—ensure that goods and services are acquired efficiently and effectively. Advanced tools like SAP Ariba Sourcing help streamline this process by providing integrated solutions for better procurement chain management. Gaining SAP SCM certification can further enhance professionals' abilities to manage these processes effectively, promoting the company's efficiency and performance in the market.
Contract management involves overseeing agreements to ensure that both parties fulfill their obligations efficiently and effectively. It starts from initiating contracts, through negotiating terms, and extends to monitoring performance and compliance. SAP Ariba Sourcing and procurement management are tools that streamline this process by automating steps and providing insights. This boosts efficiency in the procurement chain management by reducing manual errors, enhancing transparency, and promoting strategic decision-making. Mastery of contract management can be demonstrated through credentials like SAP SCM certification, marking expertise in managing supply chains and procurement activities proficiently.
Profitability refers to a company's ability to generate earnings compared to its expenses and other relevant costs incurred during a specific period. Essentially, it measures how efficiently a business converts its operations, including procurement management and other cost-related activities, into profits. Effective procurement management, involving steps like evaluating suppliers, negotiating contracts, and ongoing supplier management, significantly contributes to controlling costs and enhancing overall profitability. Businesses often employ systems like SAP Ariba Sourcing to streamline and optimize their procurement chain, ensuring cost savings and improved profitability outcomes.
Introducing Procurement and Supply (L2M1) is a foundational course ideal for those new to or aspiring for a career in procurement, as well as business leaders.
Target Job Roles and Audience:
Introduction to Course Learning Outcomes: This course offers a comprehensive introduction to procurement and supply, exploring key concepts such as supply chain components, procurement impact, sourcing processes, and ethical standards in procurement.
Learning Objectives and Outcomes:
