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Foundations of Purchasing: Principles and Practices

This course is part of Business Execution: Ops, Team Management & Communication Specialization

Instructors: Manish Gupta

3,334 already enrolled

Included with

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1 module

Gain insight into a topic and learn the fundamentals.

51 reviews

Beginner level

Recommended experience

2 hours to complete

Flexible schedule

Learn at your own pace

1 module

Gain insight into a topic and learn the fundamentals.

51 reviews

Beginner level

Recommended experience

2 hours to complete

Flexible schedule

Learn at your own pace

What you'll learn

Describe the purchasing process and its strategic importance to organizations.
Identify techniques for effective supplier evaluation, selection, and management.
Identify techniques for effective supplier evaluation, selection, and management.
Apply knowledge of purchasing and supply chain management to real-world scenarios

Details to know

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Assessments

2 assignments¹

AI Graded see disclaimer

Taught in English

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This course is part of the Business Execution: Ops, Team Management & Communication Specialization

When you enroll in this course, you'll also be enrolled in this Specialization.

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Gain a foundational understanding of a subject or tool
Develop job-relevant skills with hands-on projects
Earn a shareable career certificate

There is 1 module in this course

Effective supply chain is crucial for businesses to ensure consistent supply of raw materials and continuation of its value creation.

Dive deeper into the core of purchasing with this detailed course, designed to provide you with a foundational understanding of the key concepts, strategies, and practices. This course is aimed at empowering participants with the necessary skills to manage purchasing activities effectively, forge strong supplier relationships, and contribute significantly to their organization's competitiveness and profitability. Through this course, learners will grasp the critical role of purchasing in organizational success and supply chain optimization, learn the principles of effective purchasing, supplier selection, and gain proficiency in negotiating, managing contracts, and ethical procurement practices.

Module details

Effective supply chain is crucial for businesses to ensure consistent supply of raw materials and continuation of its value creation. Dive deeper into the core of purchasing with this detailed course, designed to provide you with a foundational understanding of the key concepts, strategies, and practices. This course is aimed at empowering participants with the necessary skills to manage purchasing activities effectively, forge strong supplier relationships, and contribute significantly to their organization's competitiveness and profitability.

What's included

11 videos4 readings2 assignments

11 videosTotal 47 minutes

Introduction to the Course & Meet the Instructor2 minutes
The Role of Purchasing in Organizations 4 minutes
Purchasing Process Overview: Walkthrough of Case Study 5 minutes
Strategic Sourcing with Practical Real World Examples 6 minutes
Supplier Evaluation and Selection 5 minutes
Building Strong Supplier Relationships: Practical Tips 5 minutes
Ethical Procurement Practices: Real Life Case Studies 5 minutes
Fundamentals of Negotiation: Demonstration of Tips with an Example 6 minutes
Contract Management: Technology and Trends 4 minutes
Legal and Ethical Considerations 4 minutes
Congratulations and Continuous Learning Journey2 minutes

4 readingsTotal 20 minutes

Welcome to the Course5 minutes
The Strategic Role of Procurement5 minutes
10 Supplier Management Best Practices and Strategies 5 minutes
Negotiation Guide 5 minutes

2 assignmentsTotal 50 minutes

Practicing Purchasing Principles30 minutes
Foundations of Purchasing: Principles and Practices 20 minutes

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Instructors

Instructor ratings

(14 ratings)

Manish Gupta

15 Courses67,494 learners

Offered by

Coursera

Learner reviews

5 stars
80.39%
4 stars
13.72%
3 stars
3.92%
2 stars
0%
1 star
1.96%

Showing 3 of 51

Reviewed on Apr 10, 2025

At first, it was a bit hard with the teacher's English but very fast I adapted. The course is very well structured and the information is very well organized and delivered. Thank you!

Reviewed on Sep 22, 2024

Very in depth. Renewed my love for Purchasing again.

Reviewed on Apr 12, 2025

The course has equipped me with practical knowledge that I am confident will benefit my current role and contribute to overall operational improvement.

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