Certified Procurement Professional

Certified Procurement Professional

Course Description

Introduction:

Welcome to the "Certified Procurement Professional" training course, meticulously crafted by Cambridge for Global Training. In today's competitive business environment, effective procurement practices are essential for organizations to optimize costs, manage risks, and drive sustainable growth. 

This comprehensive program is designed to equip participants with the knowledge and skills required to excel in procurement roles. Through a blend of theoretical learning, case studies, and practical exercises, participants will gain insights into procurement strategies, supplier management, contract negotiation, and compliance. Join us on this journey to become a certified procurement professional and make a significant impact on your organization's procurement function.

Course Objectives:

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

• Comprehensive Understanding: Gain a comprehensive understanding of procurement fundamentals, including sourcing, tendering, and contract management.
• Strategic Sourcing: Learn techniques for strategic sourcing and supplier selection to achieve value for money and mitigate risks.
• Supplier Relationship Management: Develop skills to build and maintain positive relationships with suppliers to enhance collaboration and drive performance.
• Contract Negotiation: Enhance negotiation skills to secure favorable terms and conditions in procurement contracts.
• Risk Management: Understand the importance of risk management in procurement and learn strategies to identify, assess, and mitigate risks.
• Legal and Regulatory Compliance: Ensure compliance with procurement laws, regulations, and ethical standards to minimize legal and reputational risks.
• Continuous Improvement: Explore methods for continuous improvement in procurement processes to drive efficiency and effectiveness.

Who Should Attend:

• Procurement Managers
• Purchasing Officers
• Contract Managers
• Supply Chain Managers
• Project Managers
• Finance Managers
• Anyone involved in the procurement function within their organization.

Course Outline

Unit 1: Introduction to Procurement

• Overview of procurement principles and practices
• Procurement objectives and strategies
• Legal and regulatory framework in procurement
• Ethics and integrity in procurement

Unit 2: Strategic Sourcing and Supplier Selection

• Strategic sourcing process and methodologies
• Supplier segmentation and evaluation criteria
• Supplier selection methods and techniques
• Total cost of ownership (TCO) analysis

Unit 3: Supplier Relationship Management

• Importance of supplier relationship management (SRM)
• Developing and maintaining supplier relationships
• Supplier performance measurement and evaluation
• Managing supplier risks and conflicts

Unit 4: Contract Management and Negotiation

• Contract formation and types of contracts
• Contract negotiation techniques and strategies
• Key contract terms and conditions
• Contract administration and compliance

Unit 5: Risk Management in Procurement

• Identifying and assessing procurement risks
• Risk mitigation strategies and contingency planning
• Supply chain resilience and business continuity planning
• Compliance with regulatory and ethical standards