Professional Diploma in Procurement, Sourcing, Supply Chains
What you'll learn
- Introduction to Procurement, Sourcing, Supply Chains
- Planning
- Procurement Processes
- Procedure of Procurement
- Focuses of work
Requirements
- For a better learning experience, we suggest you to use a laptop / mobile phone / pen and paper for taking notes, highlighting important points, and making summaries to reinforce your learning.
Description
Welcome to course Professional Diploma in Procurement, Sourcing, Supply Chains by MTF Institute
Course provided by MTF Institute of Management, Technology and Finance
MTF is the global educational and research institute with HQ at Lisbon, Portugal, focused on business & professional hybrid (on-campus and online) education at areas: Business & Administration, Science & Technology, Banking & Finance.
MTF R&D center focused on research activities at areas: Artificial Intelligence, Machine Learning, Data Science, Big Data, WEB3, Blockchain, Cryptocurrency & Digital Assets, Metaverses, Digital Transformation, Fintech, Electronic Commerce, Internet of Things.
MTF is the official partner of: IBM, Intel, Microsoft, member of the Portuguese Chamber of Commerce and Industry.
MTF is present in 208 countries and has been chosen by more than 380,000 students.
Course Author: Igor Dmitriev
Digital Transformation and Banking Expert
Education:
MBA, The Boston University
Master of Science at Engineering (Technical) Management,
The State University of New York at Buffalo
Master of Science at Informatics and Economics,
Six Sigma Black Belt
Experience:
Expert at Banking (> 18 years), FinTech & Digital (> 15 years),
Experienced Manager (> 14 years) with successful track of records
at personal and corporate entrepreneurship.
More than 12 years at worldwide banking groups such us
Societe Generale , Raiffeisenbank
Experience at roles: CEO, Head of Business, Chief Digital &
Marketing Officer, Head of Digital Transformation and Channels, Head of Products and Marketing.
What are Procurement and Sourcing?
Procurement: The overarching process of acquiring goods and services that a company needs for its operations. It goes beyond simply buying things; procurement covers:
Identifying needs
Finding suppliers
Negotiating contracts
Ordering
Receiving goods/services
Payment processing
Managing supplier relationships
Sourcing: A strategic part of procurement. It focuses on:
Researching the market to find potential suppliers
Evaluating suppliers based on cost, quality, reliability, sustainability, and risk factors
Selecting the best suppliers for the business's specific needs
Why is Learning Procurement and Sourcing Important for Companies and Managers?
Cost Savings: Effective procurement and sourcing finds the best value for money. This directly impacts the company's bottom line.
Efficiency: Streamlined processes in procurement avoid delays and bottlenecks in a company's operations.
Risk Mitigation: Thorough sourcing helps identify potential risks (like supply disruptions) and proactively manage them.
Competitive Advantage: Strong supplier relationships and access to quality materials or services can give companies an edge in the market.
Innovation: Sourcing can help uncover new technologies, materials, or processes that boost a company's offerings.
How Procurement and Sourcing Skills Build Global Careers
High Demand: Companies worldwide of all sizes need individuals who understand how to source and procure effectively.
Transferable Skills: The fundamentals of procurement and sourcing apply across industries and countries.
Cross-Functional Collaboration: Procurement interacts with many departments (finance, operations, legal), giving a broad view of how businesses function globally.
Growth Potential: As globalization increases, the need for professionals who understand the complexities of international procurement and supply chains will rise.
Who this course is for:
- No special requirements. A course for anyone who wants to build career in Procurement, Sourcing, Supply Chains
- Procurement: The overarching process of acquiring goods and services that a company needs for its operations. It goes beyond simply buying things; procurement covers: Identifying needs Finding suppliers Negotiating contracts Ordering Receiving goods/services Payment processing Managing supplier relationships
- Sourcing: A strategic part of procurement. It focuses on: Researching the market to find potential suppliers Evaluating suppliers based on cost, quality, reliability, sustainability, and risk factors Selecting the best suppliers for the business's specific needs
- Why is Learning Procurement and Sourcing Important for Companies and Managers? Cost Savings: Effective procurement and sourcing finds the best value for money. This directly impacts the company's bottom line. Efficiency: Streamlined processes in procurement avoid delays and bottlenecks in a company's operations. Risk Mitigation: Thorough sourcing helps identify potential risks (like supply disruptions) and proactively manage them. Competitive Advantage: Strong supplier relationships and access to quality materials or services can give companies an edge in the market. Innovation: Sourcing can help uncover new technologies, materials, or processes that boost a company's offerings.
- How Procurement and Sourcing Skills Build Global Careers High Demand: Companies worldwide of all sizes need individuals who understand how to source and procure effectively. Transferable Skills: The fundamentals of procurement and sourcing apply across industries and countries. Cross-Functional Collaboration: Procurement interacts with many departments (finance, operations, legal), giving a broad view of how businesses function globally. Growth Potential: As globalization increases, the need for professionals who understand the complexities of international procurement and supply chains will rise.
Instructor
- 4.4 Instructor Rating
- 77,071 Reviews
- 813,394 Students
- 264 Courses
MTF Institute of Management, Technology & Finance
MTF is the global educational and research institute with HQ at Lisbon, Portugal, focused on business & professional hybrid (on-campus and online) education at areas: Business & Administration, Science & Technology, Banking & Finance.
MTF R&D center focused on research activities at areas: Artificial Intelligence, Machine Learning, Data Science, Big Data, WEB3, Blockchain, Cryptocurrency & Digital Assets, Metaverses, Digital Transformation, Fintech, Electronic Commerce, Internet of Things.
MTF is the official partner of: IBM, Intel, Microsoft, member of the Portuguese Chamber of Commerce and Industry.
MTF is present in 216 countries and has been chosen by more than 710 000 students.
The Institute of Management, Technology and Finance (MTF), an organisation dedicated to providing practical and cutting-edge education in the fields of business, technology, and finance. Our institute has a history that began in 2021 as The Retail Banking School, focused on addressing the practical and modern challenges of the retail banking industry, finance, and fintech. However, recognizing the evolving needs of the business world, we underwent a transformative redevelopment in 2023, becoming the Institute of Management, Technology and Finance. This redevelopment enabled us to expand our focus and cater to the growing demand for expertise in IT, technology areas, business, and entrepreneurship.
Our Motto: Scientia et Pratique. At MTF, we pride ourselves on our strong commitment to practical business knowledge. We understand that success in the modern professional landscape requires not only theoretical understanding but also the ability to apply that knowledge in real-world scenarios. Our curriculum is designed to empower our students with the necessary skills, tools, and mindset to excel in their chosen fields. Through hands-on projects, case studies, and experiential learning, we ensure that our students gain the practical expertise needed to thrive in today's dynamic business environment.
We believe in fostering the growth and development of our students on multiple levels. Beyond imparting technical knowledge, we place great emphasis on nurturing a growth mindset, enabling our students to embrace challenges, adapt to changes, and continuously evolve in their careers. We support the development of our students' skillset by providing access to state-of-the-art resources, cutting-edge technologies, and industry-relevant tools. By doing so, we prepare our students to become agile professionals capable of navigating the complexities of the business world.
At MTF, our mission is to provide valuable knowledge that supports the building of successful careers and businesses. We are dedicated to equipping our students with the skills, insights, and practical know-how they need to make a positive impact in their professional endeavors. We strive to foster a learning environment that promotes innovation, creativity, and ethical decision-making. Our values revolve around excellence, integrity, collaboration, and a student-centric approach. We are committed to empowering our students to become industry leaders and change-makers.
We understand that learning is a lifelong journey, and we recognize the importance of continuous professional development. The business landscape is ever-evolving, and staying ahead requires a commitment to learning and staying updated with the latest trends and advancements. As an institute, we are dedicated to being a provider of valuable knowledge and skills that can help professionals thrive in their respective industries. Through our rigorous curriculum, ongoing research, and partnerships with industry leaders, we strive to ensure that our students receive the highest quality education that prepares them for the challenges and opportunities of the future.
Join us at the Institute of Management, Technology and Finance and embark on a transformative educational journey. Discover your potential, unlock new opportunities, and become a catalyst for change in the dynamic world of business, technology, and finance.
MTF in numbers:
> 4 000 000 students of all programs
> 710 000 unique students
digital presence at 216 countries
our students speak at English & 68 other languages