Udemy – Professional Certificate in Procurement and Purchasing – 5916870
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.