Purchasing and Procurement Basics
In this course, you will learn the basics of purchasing and procurement. You’ll receive an introduction to the supply chain, the purchasing cycle, and basic purchasing tools. You’ll also learn about the competitive bidding process, how to manage supplier performance, risk management techniques, and ways to build relationships.
Not that long ago, purchasing and procurement focused on a rights-based theory: acquiring the right product of the right quality, in the right quantity, from the right source, at the right time, and at the right price.
Today, purchasing and procurement has evolved beyond this theory to include many supply chain functions, with a focus on building strong, collaborative relationships within and outside the organization.