Effective Practices for Sourcing, Purchasing, and Procurement

In today's extremely competitive business market, firms that want to thrive must master the art of sourcing, purchasing, and procurement. This course provides practical insights and established strategies for increasing efficiency, cost savings, and competitive advantage. We begin by introducing you to the procurement process and providing you with an overview of some of the duties carried out by the procurement department.

The selection processes are some of the most important parts of a procurement professional's skill set. You will learn how to assess and select suppliers for specific contracts and basic techniques for monitoring and managing a supplier's continuing performance. We’ll discuss the critical steps in drafting and administering procurement contracts and documentation in the UK.

When there is a lot at risk, you and the supplier need to work together to address different points of view during the purchase process. We’ll teach you how to access the negotiation environment and prepare for negotiation. You’ll study the principles and strategies of effective negotiation in procurement and how to apply them effectively, including the strategic principles involved in purchasing. This course is essential for anyone wishing to improve their procurement skills, as it will provide you with the knowledge and confidence to lead efficient sourcing, purchasing, and procurement projects in your organisation. Don't miss this opportunity to supercharge your skills and grow your business. Enrol now!