Welcome to the “Procurement Basics” course intended to introduce learners to the procurement process, price negotiations, material requirements planning, and inventory management. This course, comprising five lessons, explores how procurement should meet the needs of the business and the processes that surround production and inventory planning. By the end of the course, learners will understand the nine basic steps of the procurement process, how to negotiate prices, and how to use an MRP system for production planning. To access your activityIDs, a View CE Certificate button will display on the profile uponcompletion of the course. This program is valid for 0.5 hour(s) ofrecertification credit through the HR Certification Institute (HRCI) and 0.5PDU for the Project Management Institute (PMI).
Overview
COURSE DIFFICULTY
COURSE DURATION
31m
Skills Learned
After completing this online training course, students will be able to:
Understand the Fundamentals of Procurement
Identify Key Procurement Processes and Techniques
Evaluate Supplier Performance and Relationships
Apply Best Practices in Contract Management
Recognize Compliance and Ethical Standards in Procurement
Procurement professionals, New buyers, Business analysts, Small business owners
None
01. Introduction to Procurement
02. Procurement Processes and Strategies
03. Supplier Selection and Management
04. Contract Negotiation and Management
05. Compliance and Ethical Considerations in Procurement
SKILLS LEARNED
Skills Learned
After completing this online training course, students will be able to:
Understand the Fundamentals of Procurement
Identify Key Procurement Processes and Techniques
Evaluate Supplier Performance and Relationships
Apply Best Practices in Contract Management
Recognize Compliance and Ethical Standards in Procurement
WHO SHOULD ATTEND
Procurement professionals, New buyers, Business analysts, Small business owners
PREREQUISITES
None
COURSE OUTLINE
01. Introduction to Procurement
02. Procurement Processes and Strategies
03. Supplier Selection and Management
04. Contract Negotiation and Management
05. Compliance and Ethical Considerations in Procurement
