This course is part of the Global Procurement and Sourcing Specialization

Don Klock

Offered By

Global Procurement and Sourcing SpecializationRutgers the State University of New Jersey

About this Course

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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.

Shareable Certificate

Earn a Certificate upon completion

100% online

Start instantly and learn at your own schedule.

Course 2 of 7 in the

Global Procurement and Sourcing Specialization

Flexible deadlines

Reset deadlines in accordance to your schedule.

Beginner Level

Approx. 6 hours to complete

English

Subtitles: Arabic, French, Portuguese (European), Chinese (Simplified), Italian, Vietnamese, Korean, German, Russian, Turkish, English, Spanish

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

Global Procurement and Sourcing Specialization

Flexible deadlines

Reset deadlines in accordance to your schedule.

Beginner Level

Approx. 6 hours to complete

English

Subtitles: Arabic, French, Portuguese (European), Chinese (Simplified), Italian, Vietnamese, Korean, German, Russian, Turkish, English, Spanish

Instructor

Instructor rating

4.76/5 (24 Ratings)

Don Klock

Adjunct Professor, Supply Chain Management

Rutgers Business School

15,221 Learners

7 Courses

Offered by

Rutgers the State University of New Jersey

Syllabus - What you will learn from this course

Week

Week 1

1 hour to complete

Welcome & Procurement Definitions

1 hour to complete

2 videos (Total 11 min), 2 readings

2 videos

Welcome Course 21m

Procurement Definitions10m

2 readings

Purchasing vs. Procurement-Top 9 Amazing Differences20m

What is the Difference Between Purchasing and Procurement10m

Week

Week 2

1 hour to complete

Importance of Procurement

1 hour to complete

1 video (Total 9 min), 2 readings

1 video

Importance of Procurement8m

2 readings

3 Ways For Procurement To Prove Its Value20m

Procurement Metrics20m

Week

Week 3

1 hour to complete

Procurement Processes

1 hour to complete

1 video (Total 10 min), 1 reading

1 video

Procurement Processes10m

1 reading

RFQ Management Process30m

Week

Week 4

28 minutes to complete

Directs vs. Indirects

28 minutes to complete

1 video (Total 8 min), 1 reading

1 video

Direct vs. Indirects7m

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?
Access to lectures and assignments depends on your type of enrollment. If you take a course in audit mode, you will be able to see most course materials for free. To access graded assignments and to earn a Certificate, you will need to purchase the Certificate experience, during or after your audit. If you don't see the audit option:
The course may not offer an audit option. 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.
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.
Is financial aid available?
Yes, Coursera provides financial aid to learners who cannot afford the fee. Apply for it by clicking on the Financial Aid link beneath the "Enroll" button on the left. You'll be prompted to complete an application and will be notified if you are approved. You'll need to complete this step for each course in the Specialization, including the Capstone Project. Learn more.

More questions? Visit the Learner Help Center.

Procurement Basics