Individual course or a group event

Are you a procurement executive looking to introduce your management team's knowledge related to managing a procurement function? Learn How to Source (LHTS) offers a basic level blended learning experience that combines online courses with a total 5h online meetings led by a mentor. 

Starting the program the mentor lays down the foundation in a 1h online meeting. 

During the program two 1h sessions introduce a case (among others) and at the ending, at a 2h session, we run through the cases and assure theory presented in the online courses are converted to applicable knowledge. 

This course package is also available for individual users.

Pricing options

Include 5h mentor led meetings and translate the theoretical insights from the online lectures into practical application in real-world professional settings.

Learning objectives

On the agenda of a CPO (Chief Procurement Officer).

This course package aims to provide learners with a comprehensive understanding of the responsibilities typically on the agenda of a Chief Procurement Officer (CPO).

The Operation Strategy Matrix, developed by Professor Nigel Slack, offers an in-depth perspective on organizational strategies. Crucially, it illustrates how these strategies can be distilled into specific procurement strategies. This alignment is pivotal to ensure the procurement department's activities are in sync with the overarching goals of the company.

While there's no one-size-fits-all approach to structuring a procurement function, various factors such as the nature of the business, its history, available resources, and other variables dictate how roles and resources should be organized. Despite this variability, LHTS believes that showcasing a generic, contemporary blueprint of a procurement organization – detailing roles and responsibilities – can be instrumental. Such a structure not only helps budding procurement professionals understand their function but also highlights the potential challenges a CPO might face. An optimized procurement function is often the cornerstone of a company's success, ensuring quality, cost-effectiveness, and reliability within the supply chain. While every company must tailor its procurement function to its unique needs, this general blueprint provides a robust foundation to comprehend the core elements and their efficient integration.

Competence management emerges as a pivotal strategic area within the procurement function. When executed adeptly, it ensures access to pertinent skills and can also amplify a company's appeal as an employer.

Additionally, the package introduces learners to Sourcing Key Performance Indicators (KPIs), which are critical metrics every procurement department should monitor. Participants will gain insights into tracking and interpreting these KPIs to guarantee peak performance.

EFFSO sheds light on the concept of category management (CM) and offers guidance on establishing an effective category management program. The follow-up course navigates learners through the initial steps of CM implementation, providing an exhaustive overview of CM and the essential components for an initial category strategy, complete with handy checklists.

The course also delves into Value management, focusing on deriving additional value from the supplier base. It provides a deep dive into the techniques and tools employed to maximize this value.

Why is Corporate Social Responsibility (CSR) pivotal for the procurement community? The course explores the significance of responsible business practices and how they mark the initial steps towards sculpting a sustainable supply chain.

Discussing digitalization, the course underscores the integration of proactive digital procedures within the procurement domain. Successful digital transformation can unleash a plethora of benefits including enhanced efficiency, transparency, cost savings, revenue generation, agility, and supply chain management improvements. Various technologies are available to bolster this digital metamorphosis:

  • Spend Visibility Analysis Tools: These tools proffer insights into organizational spending, promoting informed decision-making.
  • Blockchain for Smart Contracts: With blockchain, contracts can be verified, executed, and stored securely without third-party intervention.
  • Robotic Process Automation (RPA) Technology: This tech employs "robots" or software to automate mundane tasks, freeing up human resources for value-add activities.
  • Procure to Pay System: These systems mechanize the process from ordering to payment, culminating in swift, efficient transactions.


In this module, Medius toolkit is exemplified to demonstrate how standard processes can undergo digitization. By grasping and leveraging these digital tools and methodologies, companies can not only streamline their procurement procedures but also remain competitive in an increasingly digital landscape.

The procurement department's role isn't just about sourcing goods and services. They must ensure these meet the organization's quality, cost, and delivery criteria. But beyond these basic requisites, procurement professionals must weigh the ethical and societal ramifications of their purchasing choices. This is where the 'Supplier Code of Conduct' assumes significance. This code demarcates the principles and expectations an organization sets for its suppliers, encompassing ethical work conditions, environmental stewardship, human rights, and other relevant societal facets. It's imperative for procurement professionals to be cognizant of and understand these facets to make informed decisions that align with the organization's broader objectives and ethos.

Information

  • Level: Basic

  • Instructors: Fredrik Axelsson + EFFSO.

  • Duration: 12 courses, 15-25 minutes per course.

  • Schedule: At your own pace for 60 days.

  • Language: English.

  • Course material: Available for download in each online course

  • Certificate: Course certificate after each module.

Program content

Instructors

EFFFSO (animated) and Fredrik Axelsson

Senior instructor. Fredrik Axelsson

Meet Fredrik, a seasoned procurement professional from Gothenburg, Sweden, with a Master's in Economics from Gothenburg University and an Executive MBA from Stockholm Business School. With roles at LM Ericsson, Solectron Sweden AB, Axelson Purchasing Resources AB, Saab AB, and Alstom/GE, Fredrik has amassed expertise in sourcing and procurement. In 2017, he launched Sourcing Partner, a procurement consultancy firm how also own and manage Learn How to Source. Fredrik's diverse experience spans from Operative Buyer to Sourcing Director and roles like Commodity Manager and Business Development, in line organizations and projects, including industries like banking and manufacturing. Fredrik's story is one of continuous growth, learning, and adaptation, making him a well-rounded professional with a wealth of knowledge to offer.

Recommended next step

  • €300,00

    International Sales Law for Procurement Professionals by Jon Kihlman

    Buy Now

About Learn How to Source (LHTS)

Learn How to Source (LHTS) is an online platform based in Sweden, offering a range of procurement courses accessible globally. It serves as a community where procurement experts share their knowledge through online courses, designed for various experience levels from introductory to expert. Courses are concise, about 30 minutes each, and cover different aspects of procurement, tailored for different buyer roles. The courses focus on practical knowledge, presented by seasoned professionals, and include quizzes and certificates. They can be accessed from any device, emphasizing microlearning for flexibility and efficiency.