Global Certificate in Equitable Supplier Selection

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The Global Certificate in Equitable Supplier Selection is a crucial course designed to promote diversity and inclusion in the procurement process. This certificate program emphasizes the importance of fair and impartial supplier selection, which is highly demanded in today's globalized and socially conscious business environment.

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By enrolling in this course, learners will acquire essential skills to evaluate suppliers based on merit, capabilities, and qualifications, while ensuring equitable opportunities for all. The course covers critical topics such as identifying and mitigating biases in the procurement process, fostering a culture of inclusivity, and developing supplier diversity initiatives. Upon completion, learners will be equipped with the knowledge and skills to create a more diverse and inclusive supply chain, leading to better business outcomes, improved stakeholder relations, and enhanced career prospects in procurement and supply chain management.

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โ€ข Supplier Selection Process: Understanding the fundamental steps in selecting equitable suppliers, including defining requirements, identifying potential suppliers, evaluating proposals, and awarding contracts.
โ€ข Equitable Supplier Evaluation Criteria: Establishing fair and unbiased evaluation criteria, such as financial stability, quality of goods or services, pricing, and compliance with regulations and certifications.
โ€ข Diversity and Inclusion in Supplier Selection: Recognizing the importance of promoting diversity and inclusion in supplier selection, and how to identify and evaluate diverse suppliers.
โ€ข Supplier Sustainability and Social Responsibility: Identifying and evaluating suppliers based on their sustainability and social responsibility practices, such as environmental stewardship, labor practices, and community involvement.
โ€ข Contract Negotiation and Management: Techniques for effective contract negotiation and management, including establishing clear expectations, monitoring performance, and addressing issues.
โ€ข Risk Management in Supplier Selection: Understanding and mitigating risks associated with supplier selection, such as supply chain disruptions, financial instability, and compliance risks.
โ€ข Performance Metrics and Continuous Improvement: Establishing performance metrics and continuous improvement programs for supplier selection and management, to ensure ongoing improvement and optimization.
โ€ข Global Trade Regulations and Compliance: Understanding global trade regulations and compliance requirements, such as import/export regulations, tariffs, and free trade agreements, and how they impact supplier selection.
โ€ข Technology Solutions for Supplier Selection: Exploring technology solutions for supplier selection, such as e-sourcing platforms, supplier databases, and data analytics tools, and how they can support equitable supplier selection.

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GLOBAL CERTIFICATE IN EQUITABLE SUPPLIER SELECTION
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London College of Foreign Trade (LCFT)
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05 May 2025
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