Procurement Degree – Everything a Procurement Professional Should Know

Having a procurement degree is one of the best milestones a professional in the field of procurement can have. A procurement degree requires you to have your utmost dedication in getting one. However, those who want to start a career in procurement do not know where to begin.

For this article, we will guide you on what course you can take to have a procurement degree. We will also introduce procurement certification courses that can help you in your journey in the field of procurement.

Once you finish this article, you will be able to decide if the course is for you. Additionally, this will allow you to take on new learnings and experiences that will help you in procurement. So without any delay, let us know the best course for procurement. 

Bachelor Programs in Procurement Management

A course in procurement management is the start of your procurement journey. This course exposes you to numerous concepts that prepare you for a career in business administration.

The degree program is mainly focused on the purchase, sale, and transfer of goods and services. Having a bachelor’s degree in procurement can benefit students by learning trading skills, negotiation abilities, and business practices. 

Some of the topics covered in procurement management courses include project management, procurement laws, administration of contracts, and federal acquisitions. Typically, it covers national and international issues besides tackling federal and corporate transactions. 

Once you finish the course, you are expected to grasp the basic understanding of the concepts and terminology in the field of procurement management.

If you are wondering if you want to be a professional in the field of procurement, this course is ideal for those who aspire to work in business administration.

Graduates of procurement management courses can secure a job in the fields of warehouse management and supply chain management. 

Many international universities are offering courses in procurement management. Additionally, they are also offering an option to enroll in an online course. 

You must remember that the cost of enrolling in procurement management courses varies from institution to institution. Before you apply, you must do your research by asking your potential school about the course details. 

If you want to start your journey in the field of procurement, you can start by taking any business administration courses in institutions that are offering it. 

Below are the following courses that you can apply for if you want to improve your skills more in the field of procurement:

If you already have a degree in procurement and you want to further your education, here are some master’s programs in procurement you can enroll in:

    Editor's note:

    Hi there! My name is Marijn Overvest, I'm the founder of Procurement Tactics.
    Want to take your negotiation results to the next level?

    Why Consider a Career in Procurement?

    Procurement is now getting recognition due to the onslaught of the pandemic and political conflicts that are happening around the world. The following are the reasons why you should consider a career in procurement:

    1. Procurement professionals are in demand

    Procurement professionals are sought by many companies to streamline the procurement process in the organization. According to a recruitment firm, Robert Walters, procurement was the fourth most in-demand executive role in 2019.

    It is clear why they are in demand. There have been many organizations established throughout the years. The competition right now is so tough that even the shortest delays can impact their development severely. 

    Right now, as the war and the pandemic are still present in the world, the supply chain is critical for every organization to meet the demands of the customers. 

    2. Well-paid

    Procurement professionals had an increased salary throughout the years. According to a  report made by ASCM.org, 59% of supply chain professionals received a salary increase.

    3. It can take you places

    Globalization is always associated with procurement as many organizations source outside their country. This made procurement professionals work closely with their suppliers from the four corners of the world. 

    Procurement professionals travel to different countries to attend meetings, visit factories, negotiate contracts, and source new supplies.

    Best Procurement Certifications

    Besides finishing a course, many institutions give certification to individuals who have finished their training. A report from ASCM.org has found that the median salary of a professional who holds a certification is 16% higher than those who are not certified. 

    The following is the list of organizations where you can get procurement certification:

    1. Chartered Institute of Procurement and Supply Diploma (CIPS)

    CIPS is based in the United Kingdom. It is the world’s largest association in procurement and supply. It has a global network of more than 200,000 professionals with members in 150 countries around the world. 

    The CIPS certifications are recognized by numerous industry bodies and regulatory authorities. Its certification ranges from the entry-level student to the advanced professional track. 

    2. Certified Professional in Supply Management (CPSM) from the Institute of Supply Management (ISM)

    ISM is based in the United States of America. It is renowned for its research in purchasing managers index and procurement. The ISM has trained over 60,000 professionals since 2008.

    The ISM offers two certifications and the CPSM is the one that is involved in the main procurement functions. 

    3. Certified Supply Chain Professional (CSCP) from the Association for Supply Chain Management (ASCM)

    The ASCM has been existing for 63 years and is based in the United States of America. ASCM has grown to more than 45,000 members across 100 different countries in the world.

    The CSCP from ASCM is a single certification that offers professionals self-paced learning. Additionally, it has an instructor-guided task to ensure the learning of professionals who took the certification. 

    4. Negotiation Game Changer Certificate Program

    Of course, we will not end without introducing our certification program to you. Professionals who have enrolled in our course are working for giant companies like Walmart, IBM, Shell, and SCIEX. 

    Our negotiation game changer program covers all that you need to know in negotiation, sourcing, and procurement. 

    With our program, you are in good hands. Your instructor, Marijn Overvest, has been in the industry for decades. His extensive experience and expertise will surely help you find your own negotiation, sourcing, and procurement strategy. That is why you can never go wrong in choosing our certification. 

    Frequently asked questions

    1. What is a procurement degree?

    It is the degree that mainly focuses on purchasing, sale, and transfer of goods. It is the start of every procurement professional’s journey. 

    2. What course can I take in college to pursue a procurement career?

    You can take any business administration degree in college to pursue a career in procurement. 

    3. Do I need certifications?

    Yes! Having a certificate pays higher than those who do not have one. Additionally, it is also proof that you have extensive expertise in procurement. 

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