Strategic Procurement Fundamentals (2025)
Last updated 11/2025
Duration: 1h 53m | .MP4 1280x720 30 fps(r) | AAC, 44100 Hz, 2ch | 706.31 MB
Genre: eLearning | Language: English
Last updated 11/2025
Duration: 1h 53m | .MP4 1280x720 30 fps(r) | AAC, 44100 Hz, 2ch | 706.31 MB
Genre: eLearning | Language: English
Learn the foundations of procurement, from core principles and processes to strategic approaches and maturity models.
What you'll learn
- Define what procurement is and explain why it matters to organizations.
- Understand the difference between purchasing and procurement.
- Recognize how procurement drives cost efficiency, quality, and resilience.
- Follow the structured procurement process from needs identification to supplier review.
- Distinguish between direct and indirect procurement and their categories.
- Learn how to identify and unlock savings opportunities in indirect spend.
- Compare tactical and strategic procurement and their roles in business performance.
- Understand total cost of ownership and use it to make better sourcing decisions.
- Assess procurement maturity, understand the four stages, and apply the maturity matrix.
Requirements
- No prior procurement or sourcing experience is required. You’ll be starting from the fundamentals.
Description
This course contains the use of artificial intelligence.
By completing this course, you will gain a solid foundation in procurement and its role as a strategic business function. You will explore both the basics and the broader impact of procurement, from understanding its core principles to applying structured processes and frameworks.
By the end of the course, you will be able to define what procurement is and explain why it matters to organizations, understand the difference between purchasing and procurement, and recognize how procurement drives cost efficiency, quality, and resilience. You will learn to follow the structured procurement process from needs identification to supplier review, and distinguish between direct and indirect procurement and their categories. The course will also teach you how to identify and unlock savings opportunities in indirect spend, compare tactical and strategic procurement and their roles in business performance, and understand total cost of ownership to make better sourcing decisions. Finally, you will be able to assess procurement maturity, understand the four stages, and apply the maturity matrix to evaluate and improve procurement effectiveness.
This course provides practical insights, real-world examples, and easy-to-follow frameworks designed to help you confidently apply procurement concepts in any organization, regardless of size or industry. It’s the perfect starting point for professionals aiming to enhance their strategic thinking and business impact.
Who this course is for:
- Procurement or supply chain professionals
- Buyers, sourcing specialists, or analysts seeking career growth
- Business owners or managers who make purchasing decisions
- Students or graduates
More Info