Udemy – Professional Certificate in Procurement and Purchasing – 5916870

Welcome to course Professional Certificate in Procurement and Purchasing by MTF Institute

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Course video lessons equal to course Professional Diploma in Procurement, Sourcing, Supply Chains
with difference in articles

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Course provided by MTF Institute of Management, Technology and Finance

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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.

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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.

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MTF is the official partner of: IBM, Intel, Microsoft, member of the Portuguese Chamber of Commerce and Industry, and resident of the incubator “The Fintech House of Portugal”.

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MTF is present in 208 countries and has been chosen by more than 400 000 students.

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What are Procurement and Sourcing?

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Procurement: The overarching process of acquiring goods and services that a company needs for its operations. It goes beyond simply buying things; procurement covers:

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  • Identifying needs
  • Finding suppliers
  • Negotiating contracts
  • Ordering
  • Receiving goods/services
  • Payment processing
  • Managing supplier relationships

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Sourcing:  A strategic part of procurement. It focuses on:

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  • 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

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Why is Learning Procurement and Sourcing Important for Companies and Managers?

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  • 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.

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How Procurement and Sourcing Skills Build Global Careers

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  • 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.

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Course Author: Igor Dmitriev

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Digital Transformation and Banking Expert

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Education:

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MBA, The Boston University

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Master of Science at Engineering (Technical) Management,

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The State University of New York at Buffalo

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Master of Science at Informatics and Economics,

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Six Sigma Black Belt

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Experience:

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Expert at Banking (> 18 years), FinTech & Digital (> 15 years),

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Experienced Manager (> 14 years) with successful track of records

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at personal and corporate entrepreneurship.

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More than 12 years at worldwide banking groups such us

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Societe Generale , Raiffeisenbank

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Experience at roles: CEO, Head of Business, Chief Digital &

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Marketing Officer, Head of Digital Transformation and Channels, Head of Products and Marketing.