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Effective Practices for Sourcing, Purchasing, and Procurement

Effective Practices for Sourcing, Purchasing, and Procurement

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  • Intermediate Level

Effective Practices for Sourcing, Purchasing, and Procurement

This free online course teaches the essential skills and knowledge to excel in sourcing, purchasing, and procurement.

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Effective Practices for Sourcing, Purchasing, and Procurement
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Learning Outcomes

In this free course, you will learn how to:

  • Outline the key components and stages of the procurement process
  • Describe the legal considerations and potential risks associated with procurement activities
  • Discuss the various supplier strategies during negotiations
  • Evaluate the different negotiation approaches and their applicability in specific procurement scenarios
  • Recall the fundamental concepts and objectives of purchasing in the procurement process
  • Define operational purchasing, strategic purchasing and project purchasing
  • Indicate the role of procurement in driving cost savings, supplier relationship management and overall success
  • Explain the concept of procurement and its significance in organisational operations
  • Outline the different sourcing strategies and their application in various procurement scenarios
  • State the purposes and aims of purchasing

Knowledge & skills you will learn

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