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Deep dive into the legal aspects of procurement. Learn about contracts, how to seek legal advice and power of attorney. Gain a better understanding of the importance of contract law in procurement and how it can help you make informed decisions.

Discover the essential functions of a bill of lading as a legal contract between shipper and carrier. Examine how it outlines shipment details, encompassing the shipper, consignee, carrier, commodity, origin, destination, and terms of carriage. Learn how the bill of lading serves as both a receipt for goods and a document of title.

Deep dive into the fundamentals of capacity planning, including determining capacity requirements, identifying constraints, technical capacity calculation and maximizing capacity utilization. In addition, learn how to make precise calculations for your systems’ theoretical and actual capacities.

Learn about the types of inventory, the purpose of holding inventory, inventory control policies and inventory control methods. Gain an understanding of the importance of inventory control and how to establish a successful inventory control system.

Learn how to use regression analysis, including how to establish the significance of the relationship between variables through the calculation of a correlation coefficient. Gain an understanding of hypothesis testing and how to use statistical forecasting techniques including naive forecasting, moving average, weighted moving average and exponential smoothing to predict future demand.

Deep dive into Scenario Analysis to help improve your decision making.

Learn how to manage requisition creation and the three flows of requisition creation by discovering the use of MRP systems in operational procurement and implications for managing stock.

Explore the critical concept of business partnering and its significance in today's dynamic business landscape. Within the context of procurement, discover the application, benefits, and essential skills needed to thrive as a Procurement Business Partner. Uncover the typical responsibilities, roles, and key steps in the Procurement Business Partnering Process.

Gain an understanding of what project management is, why it is important and the principles behind it. Learn about the different processes involved in successful project management and the benefits they provide.

Learn about estimating time, breaking down the work, and identifying dependencies. In addition, gain an understanding of how to conduct a critical path analysis and how it is used. Also, learn how to plan the resources, including resource levelling. See how all of these aspects come together in the project time plan.

Learn how to carry out spend analysis and how it can help you identify opportunities for savings and other benefits.

Learn key strategies to reduce costs through procurement and cost management. In addition, learn the difference between price and cost, as well as various cost management methodologies such as cost modelling, total cost of ownership (TCO) analysis and value analysis. Also, explore category-specific approaches to managing costs.

Discover what a supply chain control tower is, including its principles and benefits.

Gain an understanding of what supply chain planning is and explore the Sales & Operations Planning (S&OP) process. Gain insights into how to create a demand plan using forecasting techniques, understand capacity requirements, develop an aggregate plan and monitor performance. Also, learn how S&OP creates competitive advantage as well as strategies to improve financial reporting processes.

Gain an understanding of the cash flow statement, including investing and financing activities. Discover how to use this to gain insights into your suppliers and improve your procurement effectiveness.

Explore cash flow statement, its structure and how procurement's actions can affect it.

Examine the major implications for supply chain professionals of the Corporate Sustainability Reporting Directive (CSRD). Discover how to integrate sustainability principles into procurement and supply practices. Navigate the reporting requirements and engage suppliers to enhance sustainability. Master driving organizational compliance and sustainable procurement in alignment with evolving regulations.

Deep dive into the Supply Chain Operations Reference (SCOR) model and explore what SCOR is and how it can be applied in practice to improve your organization's supply chain practices, including customer service, supply chain management, order fulfilment, and inventory management.