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Don Klock
This Course includes basic information on procurement, Importance of the procurement organization and its’ role in the organization, cost vs. value, processes such as the use of RFQ, RFP, RFX, Differences between direct and indirect procurement, and Stakeholder management
The course will supported by videos, readings and a required case that will be assessed by a peer review.
Read more
This Course includes basic information on procurement, Importance of the procurement organization and its’ role in the organization, cost vs. value, processes such as the use of RFQ, RFP, RFX, Differences between direct and indirect procurement, and Stakeholder management
The course will supported by videos, readings and a required case that will be assessed by a peer review.
Read more
This Course includes basic information on procurement, Importance of the procurement organization and its’ role in the organization, cost vs. value, processes such as the use of RFQ, RFP, RFX, Differences between direct and indirect procurement, and Stakeholder management
The course will supported by videos, readings and a required case that will be assessed by a peer review.
In addition, a Practice Assessment (multiple choice) is available to the student. This should be helpful as there is a Final Assessment (40 Multiple Choice) at the end of the specialization in Course 7 that is required to obtain the certification.
Register for this course and see more details by visiting:
OpenCourser.com/course/fqivhm/procurement
What's inside
Syllabus
Welcome & Procurement Definitions
Importance of Procurement
Procurement Processes
Read more
Syllabus
Welcome & Procurement Definitions
Importance of Procurement
Procurement Processes
Read more
Directs vs. Indirects
Stakeholder Management
Good to know
Good to know
Know what's good ,
what to watch for , and
possible dealbreakers
Covers the concepts of procurement management, which is standard in business
Suitable for learners preparing for a leadership role in procurement
Explores the importance of procurement in an organization, which is crucial for business success
Taught by Don Klock, an experienced procurement professional
Requires learners to complete a case study that is assessed by peer review
Assessed through a final multiple-choice assessment, which can be challenging for some learners
Save this course
Save Procurement Basics to your list so you can find it easily later:
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Reviews summary
Procurement basics well-received
Learners say Procurement Basics is a largely positive course that covers the basics of procurement. Students appreciate the excellent explanations and examples provided by the instructor. While some students mention redundant and outdated materials, most find the readings and videos to be helpful and informative. The final case study is also well-received as a practical application of procurement concepts.
Instructor is clear and engaging
"Explanation were clear and concise."
"The videos and materials were <span class="good">top notch"
"Great Strategies <span class="good">to keep a solid and healthy business relationship with vendors"
Final case study is well-designed
"The final case of Avion Inc. was a <span class="good">well-designed leaning conclusion."
Informative and practical content
"Very helpful <span class="good">and useful information!"
"Good course to deliver concepts and widen the horizons when it comes to stakeholders management."
"This course has been really insightful and I will admonish anyone who would like to properly understand the procurement process or take a new career in procurement to take up this course."
Some materials are redundant
"Some of the materials are redundant, old, and/or poorly written."
Activities
Be better prepared
before
your course. Deepen your understanding
during
and
after
it. Supplement your coursework and achieve mastery of the topics covered
in Procurement Basics with these
activities:
Review cost analysis techniques
Show steps
Review cost analysis techniques to help understand the importance of cost versus value in procurement.
Browse courses on
Cost Analysis
Show steps
-
Review books on cost analysis techniques.
-
Take practice tests on cost analysis techniques.
-
Participate in online forums on cost analysis techniques.
Watch tutorials on stakeholder management
Show steps
Watch tutorials on stakeholder management to learn how to effectively manage stakeholders in procurement.
Show steps
-
Search for tutorials on stakeholder management.
-
Watch tutorials on stakeholder management.
-
Take notes on key concepts of stakeholder management.
Practice writing RFQs, RFPs, and RFXs
Show steps
Practice writing RFQs, RFPs, and RFXs to understand the different types of procurement documents.
Show steps
-
Review examples of RFQs, RFPs, and RFXs.
-
Write practice RFQs, RFPs, and RFXs.
-
Get feedback on practice RFQs, RFPs, and RFXs.
Four other activities
Expand to see all activities and additional details
Show all seven activities
Volunteer with a procurement organization
Show steps
Volunteer with a procurement organization to gain practical experience and build your network.
Show steps
-
Search for procurement volunteer opportunities.
-
Apply for procurement volunteer opportunities.
-
Volunteer with a procurement organization.
Procurement Plan Proposal
Show steps
Apply your knowledge of procurement processes to develop a comprehensive plan for a specific procurement project.
Show steps
-
Identify the need for a procurement project.
-
Research and analyze the market.
-
Develop a procurement strategy.
-
Create a detailed procurement plan.
-
Present your plan to stakeholders.
Participate in a peer review of a procurement case
Show steps
Participate in a peer review of a procurement case to learn from others and improve your procurement skills.
Show steps
-
Find a peer review group or forum.
-
Submit a procurement case for review.
-
Review procurement cases submitted by others.
-
Provide feedback on procurement cases.
Create a procurement plan
Show steps
Create a procurement plan to demonstrate your understanding of the procurement process.
Show steps
-
Identify the procurement need.
-
Develop a procurement strategy.
-
Create a procurement plan.
Review cost analysis techniques
Show steps
Review cost analysis techniques to help understand the importance of cost versus value in procurement.
Browse courses on
Cost Analysis
Show steps
Show steps
Show steps
- Review books on cost analysis techniques.
- Take practice tests on cost analysis techniques.
- Participate in online forums on cost analysis techniques.
Watch tutorials on stakeholder management
Show steps
Watch tutorials on stakeholder management to learn how to effectively manage stakeholders in procurement.
Show steps
Show steps
Show steps
- Search for tutorials on stakeholder management.
- Watch tutorials on stakeholder management.
- Take notes on key concepts of stakeholder management.
Practice writing RFQs, RFPs, and RFXs
Show steps
Practice writing RFQs, RFPs, and RFXs to understand the different types of procurement documents.
Show steps
Show steps
Show steps
- Review examples of RFQs, RFPs, and RFXs.
- Write practice RFQs, RFPs, and RFXs.
- Get feedback on practice RFQs, RFPs, and RFXs.
Four other activities
Expand to see all activities and additional details
Show all seven activities
Volunteer with a procurement organization
Show steps
Volunteer with a procurement organization to gain practical experience and build your network.
Show steps
Show steps
Show steps
- Search for procurement volunteer opportunities.
- Apply for procurement volunteer opportunities.
- Volunteer with a procurement organization.
Procurement Plan Proposal
Show steps
Apply your knowledge of procurement processes to develop a comprehensive plan for a specific procurement project.
Show steps
Show steps
Show steps
- Identify the need for a procurement project.
- Research and analyze the market.
- Develop a procurement strategy.
- Create a detailed procurement plan.
- Present your plan to stakeholders.
Participate in a peer review of a procurement case
Show steps
Participate in a peer review of a procurement case to learn from others and improve your procurement skills.
Show steps
Show steps
Show steps
- Find a peer review group or forum.
- Submit a procurement case for review.
- Review procurement cases submitted by others.
- Provide feedback on procurement cases.
Create a procurement plan
Show steps
Create a procurement plan to demonstrate your understanding of the procurement process.
Show steps
Show steps
Show steps
- Identify the procurement need.
- Develop a procurement strategy.
- Create a procurement plan.
Career center
Learners who complete Procurement Basics will develop knowledge and skills
that may be useful to these careers:
Procurement Manager
Procurement Manager
A Procurement Manager plans, organizes, directs, controls, and evaluates the procurement of goods and services for an organization. This course can help prepare for this role by providing a foundation in procurement basics, including the importance of the procurement organization and its role in the organization, cost vs. value, processes such as the use of RFQ, RFP, RFX, and stakeholder management. The course also includes a required case that will be assessed by a peer review, which can help build skills in critical thinking and problem-solving.
Purchasing Agent
Purchasing Agent
A Purchasing Agent researches, identifies, and procures goods and services for an organization. This course can help prepare for this role by providing a foundation in procurement basics, including the importance of the procurement organization and its role in the organization, cost vs. value, processes such as the use of RFQ, RFP, RFX, and stakeholder management. The course also includes a required case that will be assessed by a peer review, which can help build skills in critical thinking and problem-solving.
Supply Chain Manager
Supply Chain Manager
A Supply Chain Manager plans, organizes, directs, controls, and evaluates the flow of goods and services from suppliers to customers. This course can help prepare for this role by providing a foundation in procurement basics, including the importance of the procurement organization and its role in the organization, cost vs. value, processes such as the use of RFQ, RFP, RFX, and stakeholder management. The course also includes a required case that will be assessed by a peer review, which can help build skills in critical thinking and problem-solving.
Materials Manager
Materials Manager
A Materials Manager plans, organizes, directs, controls, and evaluates the procurement, storage, and distribution of materials for an organization. This course can help prepare for this role by providing a foundation in procurement basics, including the importance of the procurement organization and its role in the organization, cost vs. value, processes such as the use of RFQ, RFP, RFX, and stakeholder management. The course also includes a required case that will be assessed by a peer review, which can help build skills in critical thinking and problem-solving.
Inventory Manager
Inventory Manager
An Inventory Manager plans, organizes, directs, controls, and evaluates the storage and distribution of inventory for an organization. This course can help prepare for this role by providing a foundation in procurement basics, including the importance of the procurement organization and its role in the organization, cost vs. value, processes such as the use of RFQ, RFP, RFX, and stakeholder management. The course also includes a required case that will be assessed by a peer review, which can help build skills in critical thinking and problem-solving.
Logistics Manager
Logistics Manager
A Logistics Manager plans, organizes, directs, controls, and evaluates the transportation and storage of goods for an organization. This course can help prepare for this role by providing a foundation in procurement basics, including the importance of the procurement organization and its role in the organization, cost vs. value, processes such as the use of RFQ, RFP, RFX, and stakeholder management. The course also includes a required case that will be assessed by a peer review, which can help build skills in critical thinking and problem-solving.
Warehouse Manager
Warehouse Manager
A Warehouse Manager plans, organizes, directs, controls, and evaluates the storage and distribution of goods in a warehouse. This course may be useful in preparing for this role by providing a foundation in procurement basics, including the importance of the procurement organization and its role in the organization, cost vs. value, processes such as the use of RFQ, RFP, RFX, and stakeholder management.
Transportation Manager
Transportation Manager
A Transportation Manager plans, organizes, directs, controls, and evaluates the transportation of goods for an organization. This course may be useful in preparing for this role by providing a foundation in procurement basics, including the importance of the procurement organization and its role in the organization, cost vs. value, processes such as the use of RFQ, RFP, RFX, and stakeholder management.
Operations Manager
Operations Manager
An Operations Manager plans, organizes, directs, controls, and evaluates the operations of an organization. This course may be useful in preparing for this role by providing a foundation in procurement basics, including the importance of the procurement organization and its role in the organization, cost vs. value, processes such as the use of RFQ, RFP, RFX, and stakeholder management.
Project Manager
Project Manager
A Project Manager plans, organizes, directs, controls, and evaluates projects for an organization. This course may be useful in preparing for this role by providing a foundation in procurement basics, including the importance of the procurement organization and its role in the organization, cost vs. value, processes such as the use of RFQ, RFP, RFX, and stakeholder management.
Business Analyst
Business Analyst
A Business Analyst analyzes business processes and identifies opportunities for improvement. This course may be useful in preparing for this role by providing a foundation in procurement basics, including the importance of the procurement organization and its role in the organization, cost vs. value, processes such as the use of RFQ, RFP, RFX, and stakeholder management.
Financial Analyst
Financial Analyst
A Financial Analyst analyzes financial data and identifies opportunities for investment. This course may be useful in preparing for this role by providing a foundation in procurement basics, including the importance of the procurement organization and its role in the organization, cost vs. value, processes such as the use of RFQ, RFP, RFX, and stakeholder management.
Management Consultant
Management Consultant
A Management Consultant advises organizations on how to improve their operations. This course may be useful in preparing for this role by providing a foundation in procurement basics, including the importance of the procurement organization and its role in the organization, cost vs. value, processes such as the use of RFQ, RFP, RFX, and stakeholder management.
Sales Manager
Sales Manager
A Sales Manager plans, organizes, directs, controls, and evaluates the sales of an organization. This course may be useful in preparing for this role by providing a foundation in procurement basics, including the importance of the procurement organization and its role in the organization, cost vs. value, processes such as the use of RFQ, RFP, RFX, and stakeholder management.
Marketing Manager
Marketing Manager
A Marketing Manager plans, organizes, directs, controls, and evaluates the marketing of an organization. This course may be useful in preparing for this role by providing a foundation in procurement basics, including the importance of the procurement organization and its role in the organization, cost vs. value, processes such as the use of RFQ, RFP, RFX, and stakeholder management.
For more career information including salaries, visit:
OpenCourser.com/course/fqivhm/procurement
Reading list
We've selected 11 books
that we think will supplement your
learning. Use these to
develop background knowledge, enrich your coursework, and gain a
deeper understanding of the topics covered in
Procurement Basics.
This textbook provides a comprehensive overview of purchasing and supply chain management, covering topics such as procurement strategy, supplier management, and logistics. It valuable reference for students and professionals in the field.
Provides a practical guide to procurement management, covering topics such as procurement planning, supplier selection, and contract management. It valuable resource for professionals in the field.
Provides guidance on developing and managing strategic supplier relationships. It valuable resource for procurement professionals who want to improve their relationships with suppliers and leverage those relationships to create value for their organizations.
Save
Provides a comprehensive overview of strategic procurement, covering topics such as procurement strategy, supplier relationship management, and risk management. It valuable resource for professionals in the field.
Provides a clear and concise overview of supply chain management. It is written in a non-technical style and is easy to understand, making it a good choice for those new to the field.
Provides a basic overview of procurement, covering topics such as procurement planning, supplier selection, and contract management. It valuable resource for students and professionals new to the field.
provides a comprehensive overview of best practices in purchasing and supply chain management. It includes case studies from a variety of industries, making it a valuable resource for procurement and supply chain professionals.
Provides practical guidance on how to improve procurement performance. It is based on the authors' decades of experience in the procurement field.
This comprehensive handbook covers all aspects of procurement, including strategy, sourcing, negotiation, contract management, and supply chain management. It valuable resource for procurement professionals.
This encyclopedia provides a comprehensive overview of purchasing and supply management. It valuable reference for procurement and supply chain professionals.
This practical guide provides procurement practitioners with tools and techniques for improving their performance. It is based on the author's decades of experience in the procurement field.
For more information about how these books relate to this course, visit:
OpenCourser.com/course/fqivhm/procurement
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Procurement & Sourcing Introduction
Level
Introductory
Via
Coursera
Institution
Rutgers the State University of New Jersey
Instructor
Don Klock
Language
English
Transcripts
Español
Français
Português
Deutsch
Italiano
中文
العربية
한국어
日本語
हिंदी
Nederlands
Svenska
Pусский
Türkçe
Polski
Ελληνικά
українська мова
magyar nyelv
Bahasa Indonesia
ไทย
қазақша
اُردُو,
فارسی
বাংলা
tiếng Việt
پښتو
آذربایجان دیلی
This course belongs to a
collection
called
Global Procurement and Sourcing. It's comprised of seven courses:
Good to know
Covers the concepts of procurement management, which is standard in business
Suitable for learners preparing for a leadership role in procurement
Explores the importance of procurement in an organization, which is crucial for business success
Taught by Don Klock, an experienced procurement professional
Requires learners to complete a case study that is assessed by peer review
Assessed through a final multiple-choice assessment, which can be challenging for some learners
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