Procurement Essentials
Abhipsa Tripathy
5 modules
Lifetime access
Master the art of procurement and optimize your supply chain processes.
Overview
This course provides a comprehensive overview of the essential concepts and practices in procurement, covering topics such as sourcing strategies, supplier relationship management, contract negotiation, and risk assessment. Students will learn how to optimize procurement processes to maximize value and minimize costs.
Key Highlights
Sourcing strategies
Supplier relationship management
Contract negotiation
Risk assessment
What you will learn
Understand sourcing strategies
Learn different approaches to sourcing and how to select the best suppliers for your organization.
Develop supplier relationship management skills
Improve your communication and negotiation skills to build strong partnerships with suppliers.
Learn effective contract negotiation techniques
Master the art of negotiating contracts that ensure favorable terms for your organization.
Enhance risk assessment capabilities
Identify and mitigate potential risks in the procurement process to protect your organization from costly disruptions.
Modules
Introduction to Procurement
2 attachments • 4 mins
Understanding the role and importance of procurement
Key concepts and terminology in procurement
Procurement Process
3 attachments • 4 mins
Initiating the procurement process
Supplier selection and evaluation
Negotiation and contract management
Procurement Ethics and Compliance
2 attachments • 6 mins
Ethical considerations in procurement
Legal requirements and compliance in procurement
Supplier Relationship Management
2 attachments • 5 mins
Developing and maintaining supplier relationships
Managing supplier performance and risk
Roles of Procurement Executive
14 attachments • 11 mins
Planning and Co-ordination
Project Review
Requirement Gathering
Vendor Database Update
Budget Review
Sourcing and Tendering
Inventory Check
Request for Quotations
Supplier Negotiations
Bidding
Purchase Orders and Logistics
Order Placement
Delivery Scheduling
Supplier Follow-ups
FAQs
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How can I access the course materials?
Once you enrol in a course, you will gain access to a dedicated online learning platform. All course materials, including video lessons, lecture notes, and supplementary resources, can be accessed conveniently through the platform at any time.
Can I interact with the instructor during the course?
Absolutely! we are committed to providing an engaging and interactive learning experience. You will have opportunities to interact with them through our community. Take full advantage to enhance your understanding and gain insights directly from the expert.
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