Welcome to the “What Is Procurement?” lesson that outlines the four types of procurement and the guidance of the “five rights of procurement.” This lesson is the first 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 understand how the five rights apply to the management of the procurement process.
Overview
COURSE DIFFICULTY
COURSE DURATION
5m
Skills Learned
After completing this online training course, students will be able to:
Understand the Fundamentals of Procurement
Identify Key Procurement Processes
Recognize the Importance of Supplier Relationships
Analyze Procurement Strategies for Efficiency
Evaluate the Impact of Procurement on Business Success
Procurement Professionals, Business Analysts, Project Managers, Entry-Level Employees, Anyone Interested in Procurement
None
01. Introduction to Procurement
02. Key Procurement Processes
03. Supplier Relationship Management
04. Procurement Strategies and Techniques
05. The Role of Procurement in Business Operations
SKILLS LEARNED
Skills Learned
After completing this online training course, students will be able to:
Understand the Fundamentals of Procurement
Identify Key Procurement Processes
Recognize the Importance of Supplier Relationships
Analyze Procurement Strategies for Efficiency
Evaluate the Impact of Procurement on Business Success
WHO SHOULD ATTEND
Procurement Professionals, Business Analysts, Project Managers, Entry-Level Employees, Anyone Interested in Procurement
PREREQUISITES
None
COURSE OUTLINE
01. Introduction to Procurement
02. Key Procurement Processes
03. Supplier Relationship Management
04. Procurement Strategies and Techniques
05. The Role of Procurement in Business Operations
