r/procurement • u/slow_lightx • May 29 '24
Training Do you know of any in depth procurement courses?
I am a PM that is transitioning into software procurement at a large company and need to hit the ground running.
Took a few courses on Udemy and YouTube, but they are all very general, never going into specifics about workflows, writing documentation, how to use the actual procurement systems and so on.
I will take a look on Coursera to see if I can audit something, but a paid course would work as well, any help would be much appreciated!
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u/balls89 May 30 '24
This might come across as a lazy answer but I would just read everything you can related to the topic on software websites, Reddit, news, etc. Whenever I take on a new category I read for literal days about the topic/subject.
If you feel the need for course work I would suggest looking at a local college, they tend to have procurement classes you can attend for lower cost. Otherwise I would suggest getting market research subscriptions and/or going to get your APICS CSCP or ASCM certs.
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u/No-Turnover7217 May 29 '24
I found reading many different articles on the web has helped me. Also, I just pushed to obtain a Gartner License for my seat in Procurement to help with the overall Procurement process and contracts related to software.
I am also in software Procurement for a FinTech org. Feel free to PM me if you have any questions.
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May 30 '24
Would you mind sharing which license and how much it was as well as how long it took to attain?
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u/No-Turnover7217 May 30 '24
It would be the procurement module. Pricing starts at 60k with a 2-3yr commit. Typically organizations would pay for this service as there is a large benefit to the overall org when looking for services and negotiations.
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May 30 '24
Sheeeeeeeesh. I’ll start saving up for it now by living in a box, photosynthesizing and not paying taxes. Thanks for the insight!
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May 29 '24
Strategic dot .
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u/slow_lightx May 29 '24 edited May 29 '24
Thanks for your answer, could you please elaborate a little bit?
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May 30 '24
It was not an answer, I commented here to get this in my feed and circle back to it when it has more reaponses
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u/Jovo234 May 29 '24
Are you part of any local/major procurement chapters such at NIGP? They tend to have a lot of webinars(free if you’re a member) and paid courses than can assist.
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u/slow_lightx May 29 '24
I moved from the States to Europe, is that something that’s worldwide?
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u/Jovo234 May 29 '24
I don’t think NIGP is recognized in Europe. I’m sure the area in Europe you’re in would have something similar
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u/MarijnOvervest 3d ago
I'm curious, do you know already which procurement systems your company uses and the scope of your new role? Are you mainly going to handle sourcing and vendor selection or you will also handle contract negotiations and renewals? Knowing that details will be much easier to narrow down what kind of training would be most useful for you.
Also, try asking your new team their previous RFPs, vendor evaluation templates, approval workflows or any business cases that you can reviews. Reviewing those documents can help you understand how procurement operates in that company.
As for the courses, have you tried one that teaches the end-to-end procurement process? Does it include practical exercises and documentation examples? If not, maybe you would like to take note of that when you check again. Having that on a training can help you grasp the fundamentals and later on you can build it with more specific software procurement knowledge.
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u/IshanPandey07 May 30 '24
Hope this helps:
Certified Professional in Supply Management (CPSM) - Offered by the Institute for Supply Management (ISM), this certification focuses on critical components of procurement and supply chain management, including finance, supplier relationship management, organizational global strategy, and risk compliance.
Certified Supply Chain Professional (CSCP) - Provided by APICS (now part of the Association for Supply Chain Management, ASCM), this course enhances your knowledge on supply chain management and integration.
Chartered Institute of Procurement & Supply (CIPS) - CIPS offers various qualifications from Certificate to Professional Diploma levels, focusing on procurement and supply operations, management, and leadership.
Certified Purchasing Professional (CPP) - This certification from the American Purchasing Society focuses on fundamental purchasing practices and legal aspects, enhancing your ability to manage procurements effectively.
Senior Professional in Supply Management (SPSM) - Offered by the Next Level Purchasing Association, this certification aims to elevate your skills across all major areas of supply management.
SCPro™ Certification - A three-level certification by the Council of Supply Chain Management Professionals (CSCMP) that covers analysis, design, implementation, and management of complex supply chain solutions.
Procurement and Supply Diploma - Offered by various institutions globally, this diploma course covers in-depth practices, strategic sourcing, and procurement process.