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⇱ Procurement, Negotiation, and Contract Execution | Coursera


Procurement, Negotiation, and Contract Execution

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Gain insight into a topic and learn the fundamentals.
Intermediate level

Recommended experience

1 week to complete
at 10 hours a week
Flexible schedule
Learn at your own pace

Gain insight into a topic and learn the fundamentals.
Intermediate level

Recommended experience

1 week to complete
at 10 hours a week
Flexible schedule
Learn at your own pace

What you'll learn

  • Apply a standard workflow to convert specifications into system-generated purchase orders.

  • Use bulk-upload and catalog maintenance routines to add and manage catalogue items efficiently.

  • Perform three-way match checks and document reconciliations to prevent payment errors.

  • Apply contract checklists and negotiation note templates to ensure contractual alignment and traceability.

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Recently updated!

March 2026

Assessments

19 assignments¹

AI Graded see disclaimer
Taught in English

Build your Business Strategy expertise

This course is part of the Procurement Essentials: Streamline and Boost Success Professional Certificate
When you enroll in this course, you'll also be enrolled in this Professional Certificate.
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  • Develop job-relevant skills with hands-on projects
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There are 7 modules in this course

This course covers the transactional and contractual mechanics of turning an approved procurement decision into an executed purchase and supporting commercial agreement. You will gain proficiency in the end-to-end procurement workflow—translating specifications into system POs, bulk data upload and catalog maintenance, three-way match invoice approval, and the documentation and control practices that maintain traceability. The course also introduces foundational negotiation levers and structured note-taking methods used during commercial discussions, and clarifies the differences among contract instruments (purchase orders vs. frame contracts) with checklists to validate contract terms against quotations. Emphasis is on operational accuracy, compliance, and process discipline that ensures purchases are executed correctly and efficiently.

This training provides the essential framework for navigating the procurement lifecycle with precision. You will move beyond theory to master the hands-on process of converting approved specifications into accurate, system-generated purchase orders. Practical videos and interactive scenarios will help you identify the five key stages of procurement and essential industry terminology, such as RFQ, MOQ, and Incoterms. You will follow standardized workflows to create and verify orders, ensuring compliance and preventing costly errors. The content ensures you develop a deep understanding of the tools and skills required to execute the purchasing process flawlessly.

What's included

5 videos2 readings3 assignments

5 videosTotal 30 minutes
  • Why the Procurement Lifecycle Matters7 minutes
  • Decoding Procurement Terminology7 minutes
  • How to Apply Key Terms in Communications6 minutes
  • Why PO Accuracy is Critical?5 minutes
  • How to Create a PO from a Specification?6 minutes
2 readingsTotal 13 minutes
  • The 5 Stages of the Procurement Lifecycle7 minutes
  • Anatomy of a Specification and a Purchase Order6 minutes
3 assignmentsTotal 65 minutes
  • Procurement Process Toolkit30 minutes
  • Knowledge Check: Stages and Terms5 minutes
  • Purchase Order30 minutes

Efficient data management is critical for preventing costly errors and delays. This hands-on training equips you with two core skills for working faster and smarter: keyboard-driven navigation and bulk-data uploading. You will move beyond the mouse by memorizing shortcuts and internalizing field-validation rules. The content then transitions to high-volume efficiency, teaching you how to use CSV templates to upload entire product catalogues in single, verified operations. Through navigation quizzes and upload exercises, you will build the speed and accuracy required to become a trusted data steward within enterprise systems.

What's included

4 videos3 readings3 assignments

4 videosTotal 23 minutes
  • Why Your Mouse is Slowing You Down?5 minutes
  • How To Navigate and Edit with Keyboard Commands?6 minutes
  • Why Enter One When You Can Enter Thousands?6 minutes
  • How-To: Prepare and Execute a CSV Upload7 minutes
3 readingsTotal 29 minutes
  • Essential Shortcuts: Mastering F2 and Ctrl+F410 minutes
  • The Rules of the Field: Understanding Data Validation9 minutes
  • Anatomy of a Bulk-Upload Template10 minutes
3 assignmentsTotal 65 minutes
  • Data Entry and System Navigation Toolkit20 minutes
  • Knowledge check: System Navigation Challenge15 minutes
  • Open-ended Quiz - Data Entry Challenge30 minutes

The lowest price is rarely the lowest total cost. This training equips you with the analytical framework to calculate Total Landed Cost, including hidden fees like shipping, duties, and insurance. Through practical case studies and spreadsheet exercises, you will master building powerful quotation comparison matrices to structure supplier proposals side-by-side. You will apply advanced techniques like conditional formatting to visualize cost-effective options and flag non-compliant offers instantly. The content enables data-driven decision-making, ensuring your procurement choices are financially sound and strategically smart.

What's included

5 videos2 readings3 assignments

5 videosTotal 22 minutes
  • Why the Lowest Price is a Trap?4 minutes
  • How-To: Read a Supplier Quote to Find the Costs?5 minutes
  • Why a Matrix Brings Clarity to Chaos?4 minutes
  • How-To: Build Your Comparison Matrix?5 minutes
  • How-To: Visualize Your Best Option with Conditional Formatting?4 minutes
2 readingsTotal 16 minutes
  • The Four Key Elements of Total Landed Cost8 minutes
  • Anatomy of a Quotation Comparison Matrix8 minutes
3 assignmentsTotal 55 minutes
  • Landed Cost Analysis Project25 minutes
  • Knowledge Check: Identifying Cost Components10 minutes
  • Open-ended Total Landed Cost Analysis20 minutes

Your emails are a direct reflection of professionalism. This training provides foundational skills to communicate with confidence and precision, preventing misunderstandings with suppliers and internal teams. You will analyze audiences to distinguish between the formal style required for external vendors and the concise style for internal colleagues. The content covers applying pre-approved templates to execute routine communications—from quote requests to follow-ups—ensuring every message is consistent and purpose-driven. Through analysis of samples and drafting exercises, you will develop the skills to be a clear, trusted communicator in a business context.

What's included

4 videos2 readings3 assignments

4 videosTotal 24 minutes
  • Why a Casual Email Can Cost You?7 minutes
  • How-To: Analyze an Email for Tone and Clarity?5 minutes
  • Why Reinventing the Wheel is a Waste of Time?6 minutes
  • How-To: Send a Professional Follow-Up Email?6 minutes
2 readingsTotal 12 minutes
  • The Spectrum of Formality: From Internal Updates to Formal Vendor Letters6 minutes
  • Your Business Communication Toolkit: A Template Library6 minutes
3 assignmentsTotal 50 minutes
  • Draft a Follow-Up Email to a Vendor30 minutes
  • Knowledge Check: Spot the Mistake10 minutes
  • Knowledge Check: Selecting and Personalizing the Right Template10 minutes

Successful negotiation relies on preparation and accurate documentation. This training focuses on two core skills: knowing negotiable variables and recording conversations. Learners identify and evaluate fundamental negotiation levers—price, payment terms, and lead-time—to create strategic value beyond just cost. Crucially, the content teaches a structured note-taking method using professional templates. Through hands-on exercises and simulated negotiations, participants practice capturing concessions and counter-offers with precision. This ensures every discussion ends with a clear record, enabling better analysis, stronger agreements, and greater confidence in commercial interactions.

What's included

4 videos2 readings3 assignments

4 videosTotal 25 minutes
  • Why the Best Negotiators Look Beyond Price?7 minutes
  • How to Prepare Your Levers Before a Negotiation?6 minutes
  • Why Structured Notes Prevent "He Said, She Said"6 minutes
  • How To Take Effective Notes During a Live Negotiation?6 minutes
2 readingsTotal 16 minutes
  • Your Guide to the Three Core Negotiation Levers8 minutes
  • The Structured Note-Taking Template8 minutes
3 assignmentsTotal 58 minutes
  • Structured Negotiation Note-Taking 22 minutes
  • Knowledge Check: Identifying Negotiation Levers6 minutes
  • Open-Ended Learning - Analyzing Negotiation Outcomes30 minutes

Choosing the wrong instrument or missing discrepancies can lead to risk and budget issues. This training provides essential skills for selecting and verifying commercial agreements. You will distinguish between purchase orders for one-time buys and frame contracts for long-term arrangements. The content then covers a systematic, checklist-driven process to cross-check draft contracts against formal quotations, confirming that key terms like price, delivery, and warranty align perfectly. Through real-world scenarios, you will build the precision needed to protect your organization and ensure signed agreements match promised terms.

What's included

4 videos2 readings3 assignments

4 videosTotal 19 minutes
  • Why One Size Doesn't Fit All?6 minutes
  • How-To: Choose the Right Contract in 60 Seconds4 minutes
  • Why You Must "Check the Work"?4 minutes
  • How-To: Cross-Check a Contract Against a Quote?5 minutes
2 readingsTotal 16 minutes
  • The Buyer's Toolkit: POs vs. Frame Contracts8 minutes
  • The Contract Compliance Checklist8 minutes
3 assignmentsTotal 45 minutes
  • Procurement Contract Compliance25 minutes
  • Hands-On Learning: Procurement Sprint10 minutes
  • Knowledge Check: Verify Contracts and Communicate Terms10 minutes

Every purchase that moves from a specification to a paid invoice is a chain of small decisions. Each step must be accurate and auditable to avoid cost leakage, supply delays, or contract breaches. This project has you complete a full purchase-to-pay case to practice the operational discipline that keeps procurement running smoothly.

What's included

2 readings1 assignment

2 readingsTotal 10 minutes
  • Why This Project Matters3 minutes
  • Project Requirements7 minutes
1 assignmentTotal 110 minutes
  • Project: Purchase-to-Pay and Contract Execution Case110 minutes

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Frequently asked questions

Yes. The course teaches standard purchasing stages and basic terminology before applying workflows. New learners will need time to practice spreadsheet and PO-template tasks; prior exposure to procurement is helpful but not required.

You'll create machine-readable CSV artifacts (PO export and three-way match worksheet) and human-readable PDFs (PO, receipt, invoice, and contract checklist), plus a short reflection. These formats mirror work used by procurement and accounts payable teams.

This course introduces foundational negotiation levers and structured note-taking methods to capture negotiation outcomes. It focuses on practical documentation and communication rather than advanced negotiation theory.

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 Certificate, 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.

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.