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
Offered By
Global Procurement and Sourcing SpecializationRutgers the State University of New JerseyAbout this Course
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Shareable Certificate
Earn a Certificate upon completion
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Start instantly and learn at your own schedule.
Course 2 of 7 in the
Flexible deadlines
Reset deadlines in accordance to your schedule.
Beginner Level
Approx. 6 hours to complete
English
Subtitles: English
What you will 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
Shareable Certificate
Earn a Certificate upon completion
100% online
Start instantly and learn at your own schedule.
Course 2 of 7 in the
Flexible deadlines
Reset deadlines in accordance to your schedule.
Beginner Level
Approx. 6 hours to complete
English
Subtitles: English
Syllabus - What you will learn from this course
1 hour to complete
Welcome & Procurement Definitions
1 hour to complete
2 videos (Total 11 min), 2 readings
2 readings
Purchasing vs. Procurement-Top 9 Amazing Differences20m
What is the Difference Between Purchasing and Procurement10m
1 hour to complete
Importance of Procurement
1 hour to complete
1 video (Total 9 min), 2 readings
1 video
2 readings
3 Ways For Procurement To Prove Its Value20m
Procurement Metrics20m
1 hour to complete
Procurement Processes
1 hour to complete
1 video (Total 10 min), 1 reading
1 video
1 reading
RFQ Management Process30m
28 minutes to complete
Directs vs. Indirects
28 minutes to complete
1 video (Total 8 min), 1 reading
1 video
1 reading
5 Challenges in Indirect Procurement20m
About the Global Procurement and Sourcing Specialization
We will start with a “proven” model for Strategic Sourcing, then move on to the very important topic of Supplier Management. In Supplier Management, you will learn how to select and evaluate suppliers, implement appropriate contracts, and how to mitigate risks. In Supply Market Analysis, you will learn and understand various tools and techniques to evaluate supply markets. Lastly, the course will cover the very important topic of negotiation. Outside reading will be provided to reinforce your knowledge. In addition, case studies will be used to bring these learning to life, and assessment will be used to test your overall knowledge.
Frequently Asked Questions
When will I have access to the lectures and assignments?
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What will I get if I subscribe to this Specialization?
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. If you only want to read and view the course content, you can audit the course for free.
What is the refund policy?
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Is financial aid available?
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Will I earn university credit for completing the Course?
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