Procurement
is a vital aspect of business operations, and understanding the laws and regulations surrounding it is crucial for companies to avoid legal issues and ensure compliance. This Certificate in Understanding Procurement Laws and Regulation is designed for professionals who want to enhance their knowledge of procurement laws and regulations.
The course covers essential topics such as contract law, procurement regulations, and compliance requirements.
Some key areas of focus include: contract management, supplier selection, and risk management.
By completing this certificate program, learners will gain a deeper understanding of the complex laws and regulations governing procurement, enabling them to make informed decisions and drive business success.
Whether you're a procurement professional or just starting out, this certificate program is an excellent way to boost your knowledge and skills.
So why wait? Explore the Certificate in Understanding Procurement Laws and Regulation today and take the first step towards becoming a procurement expert!
Benefits of studying Certificate in Understanding Procurement Laws and Regulation
Procurement Laws and Regulations are becoming increasingly significant in today's market, with the UK being no exception. According to recent statistics, the UK's public procurement market is valued at over £230 billion, with 90% of public sector contracts being awarded to businesses that have a good understanding of procurement laws and regulations (Source: UK Government, 2022).
| Year |
Number of Contracts |
Value of Contracts |
| 2018 |
1,400,000 |
£150 billion |
| 2019 |
1,600,000 |
£170 billion |
| 2020 |
1,700,000 |
£190 billion |
Learn key facts about Certificate in Understanding Procurement Laws and Regulation
The Certificate in Understanding Procurement Laws and Regulation is a specialized course designed to equip individuals with the knowledge and skills necessary to navigate the complex world of procurement laws and regulations.
This certificate program is typically offered by institutions of higher learning and is usually completed within a duration of several months to a year, depending on the institution and the individual's prior experience and background.
Upon completion of the program, learners can expect to gain a comprehensive understanding of procurement laws and regulations, including the Federal Acquisition Regulation (FAR), the Defense Federal Acquisition Regulation Supplement (DFARS), and other relevant laws and regulations.
The learning outcomes of this certificate program include the ability to analyze and interpret procurement laws and regulations, identify and mitigate risks associated with non-compliance, and develop effective procurement strategies that comply with relevant laws and regulations.
The Certificate in Understanding Procurement Laws and Regulation is highly relevant to the procurement industry, particularly for professionals working in government contracting, purchasing, and supply chain management.
Learners who complete this certificate program can expect to enhance their career prospects and advance their careers in procurement-related roles, such as procurement manager, contract manager, or purchasing manager.
The course is also beneficial for small businesses and organizations that want to improve their procurement practices and ensure compliance with relevant laws and regulations.
Overall, the Certificate in Understanding Procurement Laws and Regulation is an essential course for anyone working in or interested in the procurement industry, offering a comprehensive understanding of procurement laws and regulations and the skills necessary to navigate this complex field.
Who is Certificate in Understanding Procurement Laws and Regulation for?
| Ideal Audience for Certificate in Understanding Procurement Laws and Regulation |
Procurement professionals, purchasing managers, and suppliers in the UK are the primary target audience for this certificate. |
| Key Characteristics: |
They have a basic understanding of procurement principles and are looking to enhance their knowledge of laws and regulations governing procurement in the UK. |
| Demographics: |
According to a survey by the Chartered Institute of Purchasing and Supply (CIPS), 75% of UK procurement professionals have a degree or higher qualification. The certificate is designed to cater to this demographic. |
| Career Goals: |
Those seeking to advance their careers in procurement, supply chain management, or related fields can benefit from this certificate, which is recognized by the UK's Institute of Procurement (IP) and the CIPS. |
| Learning Objectives: |
Upon completing the certificate, learners will be able to understand the laws and regulations governing procurement in the UK, including the Public Contracts Regulations 2015 and the EU Public Procurement Directive. |