Masterclass Certificate in Driving Value Through SRM

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The Masterclass Certificate in Driving Value Through Supplier Relationship Management (SRM) is a comprehensive course designed to equip learners with the essential skills to manage and optimize supplier relationships, driving business growth and profitability. This course is crucial in today's interconnected and globalized world, where effective supplier relationship management is a key differentiator in achieving business success.

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AboutThisCourse

The course covers best practices in supplier relationship management, from identifying key suppliers to developing and managing successful partnerships. Learners will gain a deep understanding of SRM strategies, supplier segmentation, risk management, and performance measurement, enabling them to create value for their organizations and advance their careers. With a focus on practical application, the course includes real-world examples, case studies, and interactive exercises to reinforce learning and ensure that learners are well-prepared to implement SRM strategies in their workplaces. This course is in high demand across industries, making it an ideal choice for professionals looking to enhance their skills and advance their careers in procurement, supply chain management, and related fields.

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Here are the essential units for a Masterclass Certificate in Driving Value Through Supplier Relationship Management (SRM):


• Introduction to SRM: Understanding the fundamentals of SRM, including its definition, benefits, and best practices


• Supplier Segmentation: Identifying and segmenting suppliers based on their criticality, spend, and risk


• Supplier Evaluation and Selection: Assessing and selecting suppliers based on their capabilities, performance, and financial health


• Supplier Relationship Management Strategies: Developing and implementing relationship management strategies for different supplier segments


• Supplier Performance Management: Monitoring and improving supplier performance through KPIs, scorecards, and continuous improvement initiatives


• Supplier Risk Management: Identifying, assessing, and mitigating supplier risks, including operational, financial, reputational, and compliance risks


• Supplier Development and Innovation: Collaborating with suppliers to drive innovation, cost savings, and value creation


• Sustainable SRM: Incorporating sustainability and social responsibility considerations into SRM practices

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EntryRequirements

  • BasicUnderstandingSubject
  • ProficiencyEnglish
  • ComputerInternetAccess
  • BasicComputerSkills
  • DedicationCompleteCourse

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FastTrack GBP £140
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AcceleratedLearningPath
  • ThreeFourHoursPerWeek
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StandardMode GBP £90
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FlexibleLearningPace
  • TwoThreeHoursPerWeek
  • RegularCertificateDelivery
  • OpenEnrollmentStartAnytime
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  • DigitalCertificate
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MASTERCLASS CERTIFICATE IN DRIVING VALUE THROUGH SRM
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London School of International Business (LSIB)
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05 May 2025
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