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Procurement Basics

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Gain insight into a topic and learn the fundamentals.
4.7

631 reviews

Beginner level
No prior experience required
Flexible schedule
6 hours to complete
Learn at your own pace
95%
Most learners liked this course
Gain insight into a topic and learn the fundamentals.
4.7

631 reviews

Beginner level
No prior experience required
Flexible schedule
6 hours to complete
Learn at your own pace
95%
Most learners liked this course

What you'll learn

  • You will learn some basic definitions and discover why procurement is important to the firm

  • GI've you a "basic" flow of procurement processes

  • Learn the difference between Directs and Indirects

  • 10 Key Ways to improve stakeholder (internal customers) management

Details to know

Shareable certificate

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Assessments

1 assignment¹

AI Graded see disclaimer
Taught in English

Build your subject-matter expertise

This course is part of the Global Procurement and Sourcing Specialization
When you enroll in this course, you'll also be enrolled in this Specialization.
  • Learn new concepts from industry experts
  • Gain a foundational understanding of a subject or tool
  • Develop job-relevant skills with hands-on projects
  • Earn a shareable career certificate

There are 5 modules in this course

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

The course will supported by videos, readings and a required case that will be assessed by a peer review. In addition, a Practice Assessment (multiple choice) is available to the student. This should be helpful as there is a Final Assessment (40 Multiple Choice) at the end of the specialization in Course 7 that is required to obtain the certification.

What's included

2 videos2 readings

2 videos•Total 11 minutes
  • Welcome Course 2•1 minute
  • Procurement Definitions•10 minutes
2 readings•Total 30 minutes
  • Purchasing vs. Procurement-Top 9 Amazing Differences•20 minutes
  • What is the Difference Between Purchasing and Procurement•10 minutes

What's included

1 video2 readings

1 video•Total 9 minutes
  • Importance of Procurement•9 minutes
2 readings•Total 40 minutes
  • 3 Ways For Procurement To Prove Its Value•20 minutes
  • Procurement Metrics•20 minutes

What's included

1 video1 reading

1 video•Total 10 minutes
  • Procurement Processes•10 minutes
1 reading•Total 30 minutes
  • RFQ Management Process•30 minutes

What's included

1 video1 reading

1 video•Total 8 minutes
  • Direct vs. Indirects•8 minutes
1 reading•Total 20 minutes
  • 5 Challenges in Indirect Procurement•20 minutes

What's included

1 video4 readings1 assignment1 peer review

1 video•Total 15 minutes
  • Stakeholder Management•15 minutes
4 readings•Total 80 minutes
  • Best Practices For Successful Stakeholder Management•20 minutes
  • Proven Techniques for Procurement to Increase Stakeholder Engagement•20 minutes
  • Engaging Purchasing Stakeholders: a Framework That Works•20 minutes
  • Avion, Inc. Case•20 minutes
1 assignment•Total 30 minutes
  • Practice Assessment•30 minutes
1 peer review•Total 60 minutes
  • Avion, Inc. Case Peer Review•60 minutes

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Instructor

Instructor ratings
4.6 (193 ratings)
14 Courses•94,459 learners

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Showing 3 of 631

MG
·

Reviewed on Nov 9, 2020

This is a great overview for the field of Procurement and the instructor is wonderful and a valuable resource given his wealth of experience in Supply Chain Management and Procurement.

WW
·

Reviewed on May 30, 2021

It was an excellent introductory course with lots of practical tips. Some more articles on procurement practices of industries would be a welcome addition.

AA
·

Reviewed on Jan 12, 2023

Good course to deliver concepts and widen the horizons when it comes to stakeholders management.

Frequently asked questions

To access the course materials, assignments and to earn a Certificate, you will need to purchase the Certificate experience when you enroll in a course. You can try a Free Trial instead, or apply for Financial Aid. The course may offer 'Full Course, No Certificate' instead. This option lets you see all course materials, submit required assessments, and get a final grade. This also means that you will not be able to purchase a Certificate experience.

When you enroll in the course, you get access to all of the courses in the Specialization, and you earn a certificate when you complete the work. Your electronic Certificate will be added to your Accomplishments page - from there, you can print your Certificate or add it to your LinkedIn profile.

Yes. In select learning programs, you can apply for financial aid or a scholarship if you can’t afford the enrollment fee. If fin aid or scholarship is available for your learning program selection, you’ll find a link to apply on the description page.

Financial aid available,

¹ Some assignments in this course are AI-graded. For these assignments, your data will be used in accordance with Coursera's Privacy Notice.