Course Summary
Procurement Basics is an introductory course that covers the fundamentals of procurement, including the procurement process, supplier selection, contract management, and negotiation strategies.Key Learning Points
- Understand the procurement process and its importance in organizations
- Learn how to select suppliers and manage contracts effectively
- Develop negotiation skills to achieve better outcomes in procurement
Related Topics for further study
Learning Outcomes
- Understand the importance of procurement in organizations
- Develop skills to manage contracts and suppliers effectively
- Learn negotiation strategies to achieve better outcomes in procurement
Prerequisites or good to have knowledge before taking this course
- No prior knowledge of procurement is required
- Basic knowledge of supply chain management is helpful
Course Difficulty Level
BeginnerCourse Format
- Online
- Self-paced
- Video lectures
Similar Courses
- Advanced Procurement Strategies
- Strategic Sourcing and Procurement
Related Education Paths
Notable People in This Field
- Philip Ideson
- Art of Procurement
Related Books
Description
This Course includes basic information on procurement, Importance of the procurement organization and its’ role in the organization, cost vs. value, processes such as the use of RFQ, RFP, RFX, Differences between direct and indirect procurement, and Stakeholder management
Knowledge
- You will learn some basic definitions and discover why procurement is important to the firm
- G​I've you a "basic" flow of procurement processes
- L​earn the difference between Directs and Indirects
- 1​0 Key Ways to improve stakeholder (internal customers) management
Outline
- Welcome & Procurement Definitions
- Welcome Course 2
- Procurement Definitions
- Purchasing vs. Procurement-Top 9 Amazing Differences
- What is the Difference Between Purchasing and Procurement
- Importance of Procurement
- Importance of Procurement
- 3 Ways For Procurement To Prove Its Value
- Procurement Metrics
- Procurement Processes
- Procurement Processes
- RFQ Management Process
- Directs vs. Indirects
- Direct vs. Indirects
- 5 Challenges in Indirect Procurement
- Stakeholder Management
- Stakeholder Management
- Best Practices For Successful Stakeholder Management
- Proven Techniques for Procurement to Increase Stakeholder Engagement
- Engaging Purchasing Stakeholders: a Framework That Works
- Avion, Inc. Case
- Practice Assessment
Summary of User Reviews
This course covers the basics of procurement and sourcing. Users have found it to be informative and useful. Many users were impressed with the real-world examples that were provided throughout the course.Key Aspect Users Liked About This Course
Real-world examples.Pros from User Reviews
- Informative and useful course.
- Real-world examples were helpful.
- Well-structured course material.
- Engaging and knowledgeable instructors.
- Good value for money.
Cons from User Reviews
- Some users found the course material to be too basic.
- Not much focus on advanced procurement strategies.
- Lack of interaction and feedback from instructors.
- Some users found the course to be too theoretical.
- No certificate or accreditation at the end of the course.
Don Klock
4.7 Raiting
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