Diploma in Strategic Sourcing and Commodity Negotiation
600-hour online postgraduate diploma in strategic sourcing of raw materials: category analysis, price formation, hedging, supplier evaluation, negotiation and supply contracts, with an assigned technical tutor.
Diploma in Strategic Sourcing and Commodity Negotiation — studying from New Zealand
Health engineering in New Zealand covers medical devices, biomechanics, rehabilitation technology and occupational safety, with significant activity in Auckland, Wellington and Christchurch. The Medsafe regulator within the Ministry of Health oversees medical device approval, and the Accident Compensation Corporation plays a central role in workplace injury prevention and safety. Biomechanics research is supported by university groups and by the country's strong sports science community.
Fees for New Zealand: NZ$2,960 (New Zealand dollar), with instalments and employer sponsorship available.
Relevant bodies in New Zealand
Typical roles
Questions from New Zealand
Will this qualification be recognised by Engineering New Zealand in New Zealand?
Engineering New Zealand is the professional body for engineers here and runs the Chartered Professional Engineer (CPEng) pathway. SEIUM's qualifications are private qualifications, not official state degrees, and are not accredited by any national body. Recognition for any purpose is decided by the employer or the relevant body, so check with them before relying on it for registration.
Would a biomechanics or wearables background help me find work in New Zealand?
Interest in wearables and workplace safety exists across New Zealand's health technology, rehabilitation, sport science and occupational health sectors. Whether an employer values a SEIUM qualifications depends on the employer's own assessment of your skills and experience. A portfolio of applied projects is often what carries the most weight in hiring decisions.
Can I study this while working full time in New Zealand?
Yes. The programme is fully online and taught in English, so you can study from anywhere, including from home, and you do not need a student visa for that. Master's programmes total 1,900 hours, postgraduate diplomas 800 hours and specialist courses 300 hours, with an assigned technical tutor. Fees can be paid in instalments, and employer sponsorship is possible.
Take the controls.
Run a real engineering trade-off from this field. Move the sliders, watch the model react in real time and beat the challenge.
What you will be able to do
Segment the procurement portfolio and define the strategy for each category with its total cost of ownership.
Interpret how a raw material price is formed on organised markets and benchmark indices.
Measure price exposure and design physical and financial hedges and indexation clauses.
Identify, qualify and audit suppliers and compare normalised bids.
Prepare a negotiation with targets, alternatives, variables and a sequence of concessions.
Structure supply contracts with price review, service levels and continuity provisions.
Launch cost reduction programmes and measure savings in a verifiable way.
Who it's for
- Industrial buyers managing metals, plastics, energy or other raw materials.
- Category managers who must define and defend a sourcing strategy.
- Procurement and supply chain directors at manufacturing companies.
- Cost analysts and controllers tracking material price trends.
- Product engineers taking part in value analysis with suppliers.
- Engineering or business graduates who want to specialise in procurement.
What you'll work with
- ISO 20400 (sustainable procurement)
- ISO 44001 (collaborative business relationship management systems)
- ISO 37001 (anti-bribery management systems)
- ISO 22301 (business continuity management)
- Incoterms 2020 (International Chamber of Commerce rules for the delivery of goods)
- 1980 Vienna Convention (CISG) (contracts for the international sale of goods)
- Regulation (EU) 2017/821 (due diligence for minerals from conflict-affected areas)
- Regulation (EU) 648/2012 (OTC derivatives and trade repositories (EMIR))
8 modules
1.1Segmenting the portfolio by value and risk1.2Category positioning matrix1.3Spend and supply base analysis1.4Cost structure of the purchased product1.5Breaking the price down into components1.6Supply market analysis and concentration1.7Bargaining power of both parties1.8Barriers to entry and switching1.9Total cost of ownership of the category1.10Defining the category strategy
2.1Organised markets and futures contracts2.2Benchmark indices and price reporting2.3Regional premium and quality differential2.4Price curve and term structure2.5Supply factors: capacity and marginal costs2.6Demand factors and industrial cycles2.7Energy as a cost component2.8Exchange rates and their effect on price2.9Visible stocks and market signals2.10Analysing the supplier’s cost structure
3.1Identifying price exposure3.2Physical hedging through forward contracts3.3Financial hedging with futures and options3.4Hedge ratio and time horizon3.5Basis risk and its management3.6Indexation clauses in the contract3.7Sharing price risk with the customer3.8Hedging policy approved by management3.9Hedge accounting and its requirements3.10Monitoring and reviewing positions
4.1Identifying suppliers in new markets4.2Technical and financial qualification4.3Assessing capacity and utilisation4.4Pre-award audit4.5Assessing sustainability risks4.6Supply chain due diligence criteria4.7Requests for quotation and comparability4.8Normalising the bids received4.9Analysing award scenarios4.10Deciding the split between suppliers
5.1Setting objectives and the zone of agreement5.2Best alternative to a negotiated agreement5.3Analysing the other party’s interests5.4Negotiable variables beyond price5.5Planned sequence of concessions5.6Anchoring and framing techniques5.7Team negotiation and role allocation5.8Cross-cultural negotiation and protocol5.9Handling pressure tactics5.10Documenting the agreement reached
6.1Contract types by risk allocation6.2Volume and exclusivity clauses6.3Price review mechanisms6.4Service levels and penalties6.5Reserved capacity guarantees6.6Consignment stock and warehouse agreements6.7Continuity clauses and back-up plans6.8Managing tooling ownership6.9Exit and transition clauses6.10Monitoring contract compliance
7.1Value analysis and specification redesign7.2Part standardisation and consolidation7.3Value engineering with the supplier7.4Joint productivity improvement programmes7.5E-procurement and reverse auctions7.6Demand aggregation across plants7.7Joint purchasing with other companies7.8Material substitution and technical validation7.9Verifiable savings indicators7.10Annual category performance report
8.1Choosing the category and defining the scope8.2Spend and supply market analysis8.3Cost breakdown and comparison with benchmarks8.4Price exposure and hedging analysis8.5Designing the category strategy8.6Preparing the negotiation and its objectives8.7Proposed contract structure8.8Writing the report and appendices8.9Review with the tutor and defence before the panel8.10Submission of the file and implementation plan
How you'll learn
100% online training on the SEIUM campus, with downloadable material, recorded classes and an assigned technical tutor. No fixed timetables: you progress at your own pace within each intake, so you can combine the programme with your job.
Each module combines theory, guided reading of the original standard and applied exercises. The working software is Excel, Power BI, SAP Ariba, Coupa, in free, academic or evaluation versions. Cases are studied on real procurement categories with their spend analysis, market price series and anonymised supply contracts. Assessment is continuous, module by module, plus the final integrated project.
Build it end to end
Your final project follows the real engineering workflow, step by step, reviewed by your tutor.
Where this takes you
Requirements
- Prior technical training or professional experience in the sector. No university degree is required.
- An internet connection and a computer able to run the programme software.
- English sufficient to read technical standards.
Ready to start?
Send your application today. Our admissions team replies within 72 hours with your study plan and funding options.
Frequently asked questions
The programme totals 600 hours over 6–9 months. You set your own pace within each intake, and your tutor helps you plan the workload around your job.
You work with Excel, Power BI, SAP Ariba and Coupa, using free, academic or evaluation versions. Your tutor indicates the free alternative wherever one exists.
A SEIUM Institute diploma, awarded on passing the continuous assessment and the final project. It is SEIUM's own qualification, not an official state degree; its recognition depends on the programme completed and the regulations of each country.
Yes. Modules passed are recognised in a higher programme in the same area (postgraduate diploma or master's). Ask about the recognition policy when you enrol.
Prior technical training or professional experience in the sector (no university degree required), a computer able to run the programme software and English sufficient to read technical standards.
Start dates are set by SEIUM's faculty for each intake. Our admissions team will confirm the next available date when you apply.
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