Basics of Procurement

Name: Basics of Procurement
Rating: 4.0 (461 reviews)

Introductory coverage of the purchasing function

Created byMetacog Solutions

Last updated 7/2020

English

What you'll learn

Fundamentals of purchase management

Course content

3 sections • 13 lectures • 1h 36m total length

What is Purchasing?5:37
This lecture introduces the business function of purchasing and the planning of supply .
Objectives of Purchase Management8:06
This lecture highlights the objectives of the purchase function in the organizational context.
Challenges in Purchasing2:49
This lecture illustrates the challenges that must be addressed by the professionals managing procurement.
Industry Specific Purchasing Requirements5:04
This lecture explains how purchasing requirements apply for different industries.
Quiz 1

Goals of Purchasing 19:44
This section introduces the goals of the purchasing function in the organization.
Goals of Purchasing 26:55
This section continues to describe the goals of the purchasing function in the organization.
Structure of Purchasing Organization9:01
This lesson discusses how the typical purchasing organization may be structured.
Roles in Purchasing6:22
This lecture explains the roles and responsibilities of different positions in the purchasing organization.
Quiz 2

Classification of Goods for Procurement8:13
This lecture illustrates how different types of purchases may be classified.
Direct Procurement11:22
This lecture explains the various aspects of direct procurement.
Indirect Procurement8:37
This lecture highlights the considerations for indirect procurement.
Procurement of Capital Goods4:38
This session discusses how procurement of capital goods is managed.
Services Procurement10:09
This lecture covers the topic of buying services and also provides a summary of the complete section.
Quiz 3

Requirements

None

Description

Procurement is an extremely important function in the domain of Supply Chain and Operations Management, particularly for those companies which have a high expenditure on materials and/or services. This course explains the key aspects of purchasing and is a good foundation for those who wish to explore this critical business area.

Who this course is for:

Students and working professionals with a keen interest in Supply Chain and Operations management

Basics of Procurement

What you'll learn

Explore related topics

Course content

Introduction to Purchasing4 lectures • 22min

The Purchase Organization4 lectures • 32min

Direct and Indirect Material5 lectures • 43min

Requirements

Description

Who this course is for: