Procurement in Practice

Procurement in Practice, available at $19.99, has an average rating of 4.4, with 33 lectures, 1 quizzes, based on 12 reviews, and has 3900 subscribers.

You will learn about Understand basic principles of Agile procurement and its practical implications Review and test practical ways to improve the strategic sourcing process Find well-established and innovative methods to deliver procurement value Comprehend principles of value-based procurement and its differences to the TCO-based sourcing Review and test multiple methods to increase the efficiency of strategic procurement processes Conduct a dozen of different exercises and practical cases This course is ideal for individuals who are Procurement professionals looking for practical ways to buy better, deliver more value, and work efficiently or Procurement beginners and experts seeking ways to apply best-practice concepts and tools It is particularly useful for Procurement professionals looking for practical ways to buy better, deliver more value, and work efficiently or Procurement beginners and experts seeking ways to apply best-practice concepts and tools.

Enroll now: Procurement in Practice

Summary

Title: Procurement in Practice

Price: $19.99

Average Rating: 4.4

Number of Lectures: 33

Number of Quizzes: 1

Number of Published Lectures: 33

Number of Published Quizzes: 1

Number of Curriculum Items: 34

Number of Published Curriculum Objects: 34

Original Price: $24.99

Quality Status: approved

Status: Live

What You Will Learn

Understand basic principles of Agile procurement and its practical implications
Review and test practical ways to improve the strategic sourcing process
Find well-established and innovative methods to deliver procurement value
Comprehend principles of value-based procurement and its differences to the TCO-based sourcing
Review and test multiple methods to increase the efficiency of strategic procurement processes
Conduct a dozen of different exercises and practical cases

Who Should Attend

Procurement professionals looking for practical ways to buy better, deliver more value, and work efficiently
Procurement beginners and experts seeking ways to apply best-practice concepts and tools

Target Audiences

Procurement professionals looking for practical ways to buy better, deliver more value, and work efficiently
Procurement beginners and experts seeking ways to apply best-practice concepts and tools

This online course isn’t about generic purchasing, supplier management, or negotiations. Such training is abundant elsewhere on Udemy.

As a consultant and tutor, I can spend long hours explaining each topic in detail. I will overwhelm you with information, which may sometimes be difficult to digest and even harder to practice.

It takes years of hands-on experience to learn how to process the theoretical constructs into light and valuable tools for daily use.

Putting on our students’ shoes, we tried to answer simple yet essential questions that make sense for every procurement professional, either a beginner or an expert.

– How to practice Agile methodology in procurement?

– How to excel in strategic sourcing?

– How to deliver more value?

– How to work more effectively?

Each section of our course should provide a few possible answers by offering best-practice strategic procurement concepts, techniques, and tools and trying them in real sourcing situations.

Then it’s up to you to judge which solution you can take to your office the next day upon finishing this course and exercise new ways of working.

Procurement training topics of this Udemy course

1. Definitions of Agile. Iron Triangle of Project Management. The actual cost of Agile procurement. Agile supplier selection. Fixed-scope negotiations.

2. Reverse marketing. Strategic procurement management vs. purchasing. Procurement cost evolution. Sourcing strategy. Alternatives to the RFP process.

3. The evolution of the procurement process. TCO, value-based procurement, and NPV. Sourcing levers. Value delivery.

4. Buying channels. Spend profile analysis. Value stream mapping for business-process optimization.

We will propose a dozen practical exercises and cases for you to try and decide what fits better.

Course Curriculum

Chapter 1: Welcome Note and Introduction From the Course Author

Lecture 1: Author Credentials and Introduction

Chapter 2: How to Apply Agile Methodology in Procurement?

Lecture 1: Definitions of Agile

Lecture 2: Exercise 1: Agile or Not?

Lecture 3: Waterfall vs. Agile

Lecture 4: The True Cost of Agile Procurement

Lecture 5: Exercise 2: Loss of Gross Revenue vs. Procurement Savings

Lecture 6: Exercise 3: Iron Triangle applied to the legacy (Waterfall) and Agile project

Lecture 7: Agile Supplier Selection

Lecture 8: Exercise 4: Agile Supplier Selection of the Office Renovation Contractors

Lecture 9: Fixed Scope Negotiations for Legacy Projects

Chapter 3: How to Excel in Strategic Sourcing?

Lecture 1: Reverse Marketing

Lecture 2: Strategic Procurement vs. Purchasing

Lecture 3: Exercise 5: Test Your Procurement Profile

Lecture 4: Procurement Cost Evolution (+ Exercise 6)

Lecture 5: Sourcing Strategy

Lecture 6: RFP Alternatives

Chapter 4: How to Deliver Procurement Value?

Lecture 1: Case Study: Procurement Savings vs New Revenue

Lecture 2: From Cost-Cutting to Value Delivery

Lecture 3: The Evolution of Supplier Selection Process

Lecture 4: Exercise 7: TCO of iPad delivery

Lecture 5: Exercise 8: Lowest Bid vs. TCO vs. Value-Based Evaluation

Lecture 6: Exercise 9: Value-based choice of air-conditioners

Lecture 7: Exercise 10: Vendor discount calculation by NPV

Lecture 8: Exercise 11: Sourcing Levers Applied to Corporate Mobile Subscription Contract

Lecture 9: Layers of Spend

Lecture 10: Exercise 12: How to Achieve the Long-Lasting Value Output?

Chapter 5: How to Work More Effectively?

Lecture 1: Tail Spend and Buying Channels

Lecture 2: Case Study: A Procurement Category Strategy Based on PO Spend Analysis

Lecture 3: Types of Buying Channels

Lecture 4: Category Instructions for Buying Channels

Lecture 5: Exercise 13: Spend Profile Analysis

Lecture 6: Exercise 14: Value Stream Mapping

Chapter 6: Final Quiz and Course Materials

Lecture 1: Course Materials

Instructors

Sergii Dovgalenko FCIPS
Head of procurement, business consultant, tutor, book author

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2 stars: 0 votes
3 stars: 2 votes
4 stars: 5 votes
5 stars: 5 votes

Frequently Asked Questions

How long do I have access to the course materials?

You can view and review the lecture materials indefinitely, like an on-demand channel.

Can I take my courses with me wherever I go?

Definitely! If you have an internet connection, courses on Udemy are available on any device at any time. If you don’t have an internet connection, some instructors also let their students download course lectures. That’s up to the instructor though, so make sure you get on their good side!

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