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Introduction to Supplier Relationships in Procurement

Introduction to Supplier Relationships in Procurement

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Course Highlights

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Mode of learning: Online self study

Course Overview

Who should do this course ?
  • Designed for those looking to move into an introductory Procurement role. This course is also ideal for those looking to refresh and expand on previous knowledge of Procurement.

What are the course deliverables ?
  • Upon completion of the bite-size course you will have the knowledge and understanding needed to effectively manager supplier relationships enabling you to confidently deal with every part of the process a Procurement Professional needs to follow to achieve the strategic aims of their employer

More about this course
  • The course begins by exploring what is meant by internal and external suppliers, and the benefits of each before moving on to learning about the relationship spectrum and life cycle, providing you with an interesting insight to both, and how they work alongside each other enabling you to analyse your supplier metrix in order to identify your organisation’s key products and supply sources, helping you to better understand and manager your supplier relationships.

  • The course also provides an expert introduction into category management and includes examples to demonstrate exactly how it works and the importance of it within business. You will learn all about the bargaining power of both buyers and suppliers and the factors involved in establishing power and leveraging it within negotiation. Porters Five Forces Model is a crucial element of effective supplier relationships and this is explored in-depth in the next section of the course.

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