Strategic Procurement

Procurement and negotiation are vital aspects of business success. That’s because they impact an organisation’s ability to secure resources, manage costs, and build strong relationships with suppliers. 

On this Bronze Award microcredential from Cranfield University, you’ll master the fundamentals of procurement and negotiation to help enhance your career in strategic procurement. 

You’ll unpack different elements of category procurement management strategies and learn how to implement these strategies in your own context. 

Learn how to design and manage procurement contracts

You’ll explore the intricacies of procurement contracts, all the way from design to management.

Through this exploration, you’ll develop the skills to create effective contracts that maintain inter-organisational relationships and take a life-cycle perspective. 

Gain practical insights on how to customise commercial contracts

Customisation is key in today’s business environment. On the microcredential, you’ll learn how to tailor commercial contracts to suit the unique needs of your organisation based on buyer-supplier segmentation strategies.

You’ll also build practical skills as you apply your knowledge to a role-play simulation and negotiate the terms of a commercial contract. 

Learn how to support the business strategies of international companies

As businesses expand globally, the role of procurement and negotiation needs to adapt. 

On the microcredential, you’ll learn how to align procurement practices with international business strategies. 

Within this, you’ll examine key factors for the successful implementation of sourcing strategies in an international company of your choice. This exercise will help develop in-demand and competitive skills for the global marketplace. 

Learn flexibly online with Cranfield University

This microcredential has been designed to offer you the flexibility to learn anywhere, anytime and build job-ready skills. 

Guided by the experts at Cranfield University, you’ll finish with procurement and negotiation skills you can immediately start using in the workplace. 

How will the skills I learn help in my career? 

Procurement and negotiation skills are highly valuable in today’s competitive job market. Throughout the microcredential, you’ll discover how you can turn your knowledge into actionable steps in your role to help you optimise supplier relationships and contribute to cost savings and strategic objectives. 

You’ll also develop transferable skills such as communication, negotiation, and leadership to ensure you can use your knowledge across different industries and roles. 

How does a stackable microcredential work?

This is a ‘Bronze Award’ level which includes 4 hours of learning online and another 4 hours to complete the reflection activities.

The modules on this microcredential are fully stackable so you can choose to further your knowledge with a ‘Silver’ and ‘Gold’ Awardlevel from the Cranfield Online series.

What will I receive when I finish the microcredential?

When you finish this microcredential, you’ll receive Cranfield Bronze Digital Learning Badge to certify your strategic procurement skills.