Advanced Certificate in Supply Chain Intelligence Module 5: Machine Learning and Strategic Sourcing
Training Provider: SINGAPORE MANAGEMENT UNIVERSITY
Course Reference: TGS-2024043232
S$900
Original: S$3,000
Save S$2,100
About This Course
Machine Learning (ML) is of paramount importance in strategic sourcing as it empowers organisations to extract actionable insights from vast datasets, enabling informed decision-making and optimisation of procurement processes. By leveraging ML algorithms, businesses can enhance supplier selection, negotiate favorable contracts, and predict market trends, ultimately improving the efficiency and effectiveness of strategic sourcing initiatives.
What You'll Learn
At the end of the 3-day module, participants will be able to:
• Describe the steps in supplier selection
• Explore how machine learning models can be applied to analyse market conditions and optimise pricing strategies in strategic sourcing
• Utilise machine learning for automated analysis of spending patterns, identifying cost-saving opportunities, and optimising procurement decisions
• Describe the steps in supplier selection
• Explore how machine learning models can be applied to analyse market conditions and optimise pricing strategies in strategic sourcing
• Utilise machine learning for automated analysis of spending patterns, identifying cost-saving opportunities, and optimising procurement decisions
Entry Requirements
• Participants must possess at least 4 GCE 'O' level passes or equivalent.
• Participants with relevant working experiences may be considered for entry on a case to case basis if they do not have the necessary qualification.
Course Details
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