Effective supply chain is crucial for businesses to ensure consistent supply of raw materials and continuation of its value creation.
Foundations of Purchasing: Principles and Practices
Foundations of Purchasing: Principles and Practices
This course is part of Business Execution: Ops, Team Management & Communication Specialization
Instructors: Manish Gupta
Access provided by MIT ADT University
3,360 already enrolled
Gain insight into a topic and learn the fundamentals.
52 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
Skills you'll gain
- Strategic Sourcing
- Procurement
- Supply Chain
- Purchasing
- Contract Compliance
- Price Negotiation
- Ethical Standards And Conduct
- Supplier Performance Management
- Contract Negotiation
- Vendor Relationship Management
- Supply Management
- Supply Chain Management
- Vendor Management
- Negotiation
- Supplier Management
- Contract Management
- Supplier Relationship Management
- Vendor Contracts
- Compliance Management
- Business Ethics
Details to know
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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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Showing 3 of 52
AL
Reviewed on May 8, 2025
For businesses, purchasing is a strategic function, as explained in this course.
P
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!
KR
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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