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Procurement and Strategic Sourcing
Rating: 4.5 out of 5(654 ratings)
1,627 students

Procurement and Strategic Sourcing

Cost Reduction, Risk Mitigation, Sourcing Strategy and AI
Created byChristopher Roy
Last updated 3/2026
English

What you'll learn

  • Learn Strategic Sourcing, Procurement 101
  • Learn to Manage and Negotiate Contracts, Suppliers and Stakeholders
  • Create a strategy to create cost savings, reduce risk
  • Learn to apply Gen AI to your Sourcing Plan

Course content

6 sections • 42 lectures • 4h 6m total length

  • Introduction, Instructor Chris Roy1:44

    Introduction to the Instructor Chris Roy, MBA

  • Sourcing vs Purchasing3:54

    Learn the differences between Sourcing and Purchasing.

  • Requirements - The Banana Demo5:25

    Strategic Sourcing using a real world scenario to get introduced to deal analysis, budget & Forecasting.

  • Maximize Buying Power - The Banana Demo Cont.4:48

    A practical example to learn to maximize your buying power by assessing your clients needs across the enterprise.

  • Forecast & Budgeting - The Banana Demo Cont.3:49

    Learn Sourcing and Procurement techniques to integrate your client's Forecast & Budgets into your sourcing strategy.

  • Solicitation & Contracting7:29

    Learn the processes of solicitation (How to go out to market) and contracting.

  • Needs Assessment6:10

    Needs Assessment - Tips to help you define your client's Scope and Requirements.

  • Intro into Sourcing - Needs Assessment Cont.4:11
  • Common Supplier Types & Terminology4:16

    Deep dive into the various supplier types and discover various options for soliciting the best deal.

  • Sole vs Single Source Supplier3:16

    Understand the differences between sole & single source suppliers and how they influence Sourcing decisions.

  • Introduction to RFX- Requesting Information5:47

    Learn about the Request for Information- Deep dive into requesting information from suppliers, benefits, purpose. Learn when and how its applied.

  • Introduction to RFX - Requesting Proposals5:09

    Learn about the Request for Proposal - Deep dive into requesting Proposal  benefits & purpose.

  • Request For Proposals Timeline3:46

    Understanding  the RFP timeline

  • Introduction to RFX - Requesting Quotes6:43

    Introduction to RFX - Requesting Quotes learn the benefits and when to apply this solicitation method.

  • Section One - Intro in Strategic Sourcing Quiz

Requirements

  • No experience necessary, I teach all concept in simple terms with a linear course starting at the ground level.

Description

Mastering Procurement & Strategic Sourcing isn’t about pushing paperwork—it’s about driving measurable business value. This course gives you the practical tools, sourcing strategies, and negotiation frameworks used by top procurement professionals to reduce costs, strengthen supplier relationships, and elevate your impact inside any organization. Whether you’re new to procurement or looking to sharpen your strategic edge, you’ll learn how to analyze spend, build sourcing plans, manage risk, and influence stakeholders with confidence. If you want to level up your career and become the person leadership trusts with critical decisions, this course is your roadmap.

Led by instructor Chris Roy, MBA, a procurement leader with more than 20 years of experience in Sourcing & Procurement, this course provides expert guidance through every stage of the Strategic Sourcing and Procurement lifecycle. You’ll gain a deep understanding of the full Procure‑to‑Pay process, with a focus on achieving cost savings, mitigating risk, and streamlining contract negotiations.

Throughout the program, you’ll explore the core components of a successful sourcing strategy—from supplier evaluation and contract development to project management and performance measurement. You’ll learn how to navigate complex negotiations, manage strategic sourcing initiatives, and apply proven techniques used by high‑performing procurement teams.

You’ll also get a forward‑looking view of how technology is transforming the field. Students receive a sneak peek into using Microsoft applications and AI Agents to automate procurement activities, uncover efficiencies, and enhance decision‑making. By the end of the course, you’ll understand how automation and strategic sourcing work together to deliver substantial cost savings, reduce risk, and create new opportunities for your organization

Who this course is for:

  • Anyone interested in Procurement, Strategic Sourcing & Supply Chain. Anyone looking for an edge to obtain employment or if you are an employer this course can provide tips to reduce cost and risk in your supply chain.

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