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
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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.
Course 2 of 7 in the Global Procurement and Sourcing Specialization.
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
Syllabus
WEEK 1: Welcome & Procurement Definitions
WEEK 2: Importance of Procurement
WEEK 3: Procurement Processes
WEEK 4: Directs vs. Indirects
WEEK 5: Stakeholder Management
