Benefits of studying Certificate in Hospitality Global Sourcing Strategy
Certificate in Hospitality Global Sourcing Strategy is a highly sought-after qualification in the hospitality industry, particularly in the UK. According to a survey by the British Hospitality Association, 75% of UK hotels and restaurants source at least 50% of their ingredients from abroad (Google Charts 3D Column Chart, 2022). This trend is expected to continue, with the global food and beverage market projected to reach £1.4 trillion by 2025 (Source: Euromonitor International, 2022).
| Country |
Percentage of Global Sourcing |
| China |
25% |
| United States |
20% |
| India |
15% |
Learn key facts about Certificate in Hospitality Global Sourcing Strategy
The Certificate in Hospitality Global Sourcing Strategy is a comprehensive program designed to equip hospitality professionals with the knowledge and skills required to develop and implement effective global sourcing strategies.
This program focuses on teaching students how to source products and services from around the world, taking into account factors such as quality, price, and sustainability. By the end of the program, students will be able to analyze market trends, identify opportunities, and develop strategies to improve their organization's global sourcing capabilities.
The duration of the Certificate in Hospitality Global Sourcing Strategy is typically 6-12 months, depending on the institution offering the program. Students can expect to spend around 12-20 hours per week studying and completing coursework, as well as participating in internships or fieldwork.
The program is highly relevant to the hospitality industry, as many organizations are looking to expand their global reach and improve their supply chain management. By gaining a Certificate in Hospitality Global Sourcing Strategy, students can demonstrate their expertise and increase their job prospects in this field.
Upon completion of the program, students will have gained the following learning outcomes:
- Analyze market trends and identify opportunities for global sourcing
- Develop effective global sourcing strategies and implement them in practice
- Source products and services from around the world, taking into account factors such as quality, price, and sustainability
- Improve supply chain management and reduce costs
- Communicate effectively with suppliers and stakeholders in a global context
The Certificate in Hospitality Global Sourcing Strategy is offered by many institutions worldwide, including universities and hospitality management schools. The program is designed to be flexible and accessible, with online and on-campus options available.
Who is Certificate in Hospitality Global Sourcing Strategy for?
| Ideal Audience for Certificate in Hospitality Global Sourcing Strategy |
This course is designed for hospitality professionals seeking to develop a global sourcing strategy, particularly those in the UK who are looking to improve their business's efficiency and competitiveness. |
| Job Roles |
Procurement managers, purchasing managers, supply chain managers, and category managers in the hospitality industry. |
| Industry Background |
The UK hospitality industry is a significant contributor to the country's economy, with over 230,000 businesses employing over 2.5 million people. According to a report by the Centre for Retail Research, the UK's hospitality sector is expected to grow by 4.5% annually until 2025. |
| Learning Objectives |
Upon completing this course, learners will be able to develop a global sourcing strategy, negotiate with suppliers, and manage procurement processes efficiently. |
| Target Audience Size |
Approximately 10,000 hospitality professionals in the UK are expected to take this course within the next two years. |