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There are 2 modules in this course
Procurement: From Specs to POs is a beginner-level course designed for professionals entering roles in purchasing, sourcing, or supply chain management. This course provides the essential framework for navigating the procurement lifecycle with confidence and precision. You will move beyond theory to master the critical, hands-on process of converting an approved specification into an accurate, system-generated purchase order.
Through a series of practical videos, targeted readings, and interactive scenarios, you will learn to identify the five key stages of procurement and master the essential terminology used by industry professionals, including RFQ, MOQ, and Incoterms. You will follow a standardized workflow to create and verify purchase orders, ensuring compliance and preventing costly errors. By the end of this course, you will not just understand the procurement process, you will be equipped with the tools and skills to execute it flawlessly.
This module introduces the fundamental framework of procurement. You will explore why a structured, five-stage lifecycle, from identifying a need to making a purchase, is critical for operational efficiency and strategic decision-making. We will unpack what each stage entails and define the essential terminology (RFQ, MOQ, and Incoterms) that you will encounter daily. Through real-world examples, you will learn how these concepts apply in practice. The module concludes with an activity to apply and assess your new vocabulary, ensuring you have the foundational knowledge needed to communicate effectively in a procurement environment.
What's included
3 videos1 reading1 assignment
Show info about module content
3 videos•Total 19 minutes
Why the Procurement Lifecycle Matters•7 minutes
Decoding Procurement Terminology•7 minutes
How to Apply Key Terms in Communications•6 minutes
1 reading•Total 7 minutes
The 5 Stages of the Procurement Lifecycle•7 minutes
1 assignment•Total 5 minutes
Knowledge Check: Stages and Terms•5 minutes
From Specification to Purchase Order
Module 2•1 hour to complete
Module details
This module provides a practical, hands-on guide to the core task of creating a purchase order (PO). You will discover why accuracy in this process is non-negotiable for financial compliance and operational success. We will break down what information is included in a specification sheet and a PO. Then, a step-by-step screencast will show you how to transcribe this data accurately into a system-generated PO. You will apply your skills by verifying a sample PO in a simulated conversation with a manager, before being assessed in the final project, where you create a complete procurement toolkit.
What's included
2 videos1 reading2 assignments
Show info about module content
2 videos•Total 11 minutes
Why PO Accuracy is Critical?•5 minutes
How-To: Create a PO from a Specification?•6 minutes
1 reading•Total 6 minutes
Anatomy of a Specification and a Purchase Order•6 minutes
2 assignments•Total 60 minutes
Final Project: Procurement Process Toolkit•30 minutes
Purchase Order•30 minutes
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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.
Is financial aid available?
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.