The Procurement 401 advanced courses examine advanced purchasing methods including budgeted versus unexpected requirements, Vendor-Managed Inventory, digital shifts in purchasing, comprehensive sourcing strategies, supplier evaluations using global standards, contract negotiations, and sustainable and ethical sourcing considerations.

Through in-depth studies, hands-on exercises, and explorations of end-to-end purchase order flows, these courses aim to enhance expertise in strategic procurement for seasoned professionals.

Key topics include supplier relationship management, contract methodology, product prioritization, and striking a balance between sustainability and ethical sourcing.

The Procurement 301 suite of advanced procurement courses includes modules on purchasing order flows, material requirements planning, advanced sourcing strategies, simulated contract negotiations, supplier relationship management synergies, and sustainable sourcing and logistics.

Students will delve deeper into purchasing policies, hone data maintenance skills, study the “Do-Check-Action” contract methodology, and underscore sustainability considerations.

The courses aim to solidify expertise in all facets of strategic procurement through hands-on approaches and comprehensive examinations of each topic.

The Premikati Academy Fundamentals of Procurement 201 course provides an overview of Purchasing dives into procurement design, contrasting centralized and decentralized setups and highlighting key steps in the purchasing cycle.

Sourcing sharpens cost dynamics understanding through cost avoidance exercises, spend analysis, and a look into global sourcing strategies. Contract Management accentuates negotiation nuances, detailing the intricacies of agreement terms and the art of negotiation.

Supplier Management emphasizes the value of collaborative supplier strategies and the pivot from traditional purchasing to SRM.

Finally, Supplier Risk explores the realm of sustainable procurement, from the Triple Bottom Line to global sustainability reporting standards.

Welcome to Procurement 101, the beginning educational block to becoming more familiar and proficient with procurement processes and strategies.

This training will not incorporate everything different businesses encounter as every customer manages their business differently but the core ideas around what to look for and how those may apply are consistent throughout.

Making good purchasing decisions, managing spend and suppliers, getting the best prices for your goods/services and making sure that legally you are protected in all of those approached. You will also get an introduction to supply chain collaboration and how to manage supplier risk which will create efficiencies across all lines of business.

There is no right or wrong approach as every customer may be different or have their own unique roadmap for decision making that determines which path they take.

What Procurement 101 aims to accomplish is being armed with the tools to better help you understand the specific landscape and strategies to make the right decision as to ensure you are maximizing ROI throughout the procurement cycle.

What you will have access to through this module is basics in purchasing, sourcing, contracting, supplier management, supplier risk and supply chain management through content created by Association for Supplier Chain Management, formerly APICS.

We have added some additional questions, quizzes, and key words from our customer experience to expand your knowledge in real life scenarios and situations.

Whether you continue working on your Ariba certification as an ongoing part of the Premikati Academy or simply growing your knowledge of procurement, we believe this will give you the tools to ask the right questions and create effective solutions for your team.