Welcome to the “The Procurement Process” lesson that covers the nine basic steps of a successful procurement process. This lesson is the second of five in the “Procurement Basics” course, which explores how procurement should meet the needs of the business and the processes that surround production and inventory planning. After viewing this lesson, learners will be familiar with how a successful procurement process avoids waste, meets demand, and chooses vendors.
Overview
COURSE DIFFICULTY
COURSE DURATION
5m
Skills Learned
After completing this online training course, students will be able to:
Understand the Fundamental Principles of Procurement
Identify the Key Steps in the Procurement Process
Evaluate Supplier Performance and Selection
Implement Best Practices in Procurement Management
Recognize Common Challenges in Procurement and How to Overcome Them
Procurement Professionals, Supply Chain Managers, Business Analysts, Project Managers, Entry-Level Employees
None
01. Introduction to Procurement
02. The Procurement Process Steps
03. Supplier Selection and Evaluation
04. Contract Management Basics
05. Best Practices and Common Challenges in Procurement
SKILLS LEARNED
Skills Learned
After completing this online training course, students will be able to:
Understand the Fundamental Principles of Procurement
Identify the Key Steps in the Procurement Process
Evaluate Supplier Performance and Selection
Implement Best Practices in Procurement Management
Recognize Common Challenges in Procurement and How to Overcome Them
WHO SHOULD ATTEND
Procurement Professionals, Supply Chain Managers, Business Analysts, Project Managers, Entry-Level Employees
PREREQUISITES
None
COURSE OUTLINE
01. Introduction to Procurement
02. The Procurement Process Steps
03. Supplier Selection and Evaluation
04. Contract Management Basics
05. Best Practices and Common Challenges in Procurement
