Undergraduate Certificate in Strategic Procurement for Small Businesses

• Introduction to Strategic Procurement: Understanding the fundamentals of strategic procurement and its role in small businesses. • Supplier Evaluation and Selection: Identifying, assessing, and choosing suitable suppliers to support business objectives. • Contract Management: Developing, negotiating, and managing contracts to ensure alignment with business goals and minimize risks. • Cost Analysis and Reduction Techniques: Analyzing costs and implementing strategies to reduce expenses while maintaining quality. • Procurement Technology: Exploring technology solutions to streamline and optimize procurement processes. • Inventory Management: Managing stock levels, reducing costs, and improving efficiency through effective inventory control techniques. • Risk Management in Procurement: Identifying, assessing, and mitigating risks associated with procurement activities. • Sustainable Procurement Practices: Incorporating environmental, social, and ethical considerations in procurement decisions. • Legal Aspects of Procurement: Complying with legal requirements and regulations in procurement activities.