Cambridge
Academy
In London

Introduction

This rigorous program is designed to provide participants with a holistic understanding of procurement management, focusing on strategic sourcing, contract negotiation, risk management, and ethical procurement practices. By blending theory, real-world examples, and best practices, we aim to empower you with the skills and knowledge necessary to become a Certified Procurement Professional.

Course Objectives

By the end of this course, participants will be able to:

·         Comprehend the core principles and elements of procurement management and their contribution to organizational goals.

·        Develop and execute strategic sourcing plans, including supplier selection and evaluation.

·         Master contract negotiation techniques to achieve the best value for money.

·         Manage risks in the procurement process and develop contingency plans.

·        Implement ethical and sustainable procurement practices while ensuring compliance with laws and regulations.

·         Prepare for and pass the Certified Procurement Professional examination.

Target Audience

This course is designed for:

·        This course is ideal for: Individuals pursuing a career in procurement and looking to achieve certification.

·        Procurement and supply chain professionals seeking to enhance their skills and knowledge.

·         Business managers and executives aiming to improve their organization’s procurement strategies.

·        Students studying business, supply chain, or related fields looking for a professional certification.

·        Government officials involved in procurement activities.

Course Outlines

 Day 1: Introduction to Procurement Management Procurement in the Business Context:

·        Definitions, objectives, and significance.

·         The Procurement Process:

·        Overview of procurement cycle stages.

·        Procurement Planning: Identifying needs, market research, and budgeting.

·         Introduction to Certified Procurement Professional (CPP) certification.

 Day 2 : Strategic Sourcing Developing a Sourcing Strategy:

·         Aligning sourcing with organizational goals. Supplier Selection:

·        Criteria, evaluation techniques, and supplier performance.

·        Supplier Relationship Management:

·        Building and maintaining productive relationships.

·         Global Sourcing: Challenges and opportunities in international procurement.

 Day 3: Contract Negotiation and Management Principles of Contract Negotiation:

·        Preparing, conducting, and closing negotiations.

·        Contract Types and Terms: Understanding different contract structures.

·        Managing Contracts: Monitoring performance, payments, and changes.

·        Dispute Resolution: Techniques and best practices.

Day 4: Risk Management and Compliance Risk Analysis in Procurement:

·         Identifying, assessing, and mitigating risks.

·        Developing Contingency Plans: Ensuring business continuity.

·         Ethical Procurement: Fair practices, transparency, and anti-corruption.

·         Compliance: Adhering to procurement laws, regulations, and standards.

Day 5 : Preparing for the Certified Procurement Professional Exam Exam Overview:

·        Format, content, and scoring.

·         Study Strategies: Techniques for effective preparation.

·         Practice Exam: Simulated exam session with feedback.

·        Career Prospects: Opportunities and pathways as a Certified Procurement Professional.