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Course Description


There is a lot involved in the daily operations of a business, most of which the public never actually sees for themselves. Everything has a role to play that is crucial to that business or company's ability to run. Without a key component, things can come grinding to a halt and problems can occur throughout the entire organization. One of those components is known as procurement. It is how businesses get the materials they need in their daily operations and to make their own products and goods. As with any other component, procurement needs to be managed to ensure that it is being done correctly and is running smoothly.

This course will cover the role that procurement management plays in the business world and the value it has. Topics will discuss the different areas of procurement management, and include:

·    The Procurement Process--This will cover the actual stages of procurement that businesses go through to acquire their goods and materials. Traditional and non-traditional versions will be discussed.

·    Ethics and Social Responsibility--The role that ethics plays in procurement management and why it is important for businesses and procurement teams to be socially responsible with their actions.

·    Financial Management--The financial aspects can be just as complicated as the procurement itself. This will include information about how to manage spending and making smart purchases.

It is the intention of this course to provide professionals interested in procurement the necessary tools and resources to be successful. There's a lot involved in procurement management so it can be quite the challenge--are you ready to take it on? Let's go!

Course Requirements

This course will not require you to have previous experience in any particular area but you should have a high school reading level. No books will be required

Course Topics

Lesson 1: What Is Procurement Management?

Lesson 2: The Needed Skills in Procurement Management

Lesson 3: The Procurement Process

Lesson 4: Developing A Strategy

Lesson 5: Procurement Talent Management

Lesson 6: Ethics in Procurement Management

Lesson 7: Social Responsibility In Procurement

Lesson 8: Strategic Sourcing

Lesson 9: Working With Suppliers

Lesson 10: Financial Management

Lesson 11: Inventory Management

Lesson 12: Measuring And Analyzing Performance

Lesson 13: When Things Go Wrong

Lesson 14: Technology In Procurement Management

Lesson 15: Professional Organizations And Resources

Course Materials

All course material will be provided in the lessons and netlinks. There are no required materials to purchase before taking the class.

Grading Policy

Each lesson will include a lesson review quiz. Students will successfully complete this course by mastering all learning outcomes with 70% or higher overall grade.

Learning Outcomes

By successfully completing this course, students will be able to:
  • Define what procurement management is.
  • Determine the needed skills in procurement management.
  • Describe the procurement process.
  • Develop a strategy.
  • Know procurement talent management.
  • Describe ethics and social responsibility in procurement management.
  • Describe strategic sourcing.
  • Know financial management and inventory management in the procurement management.
  • Identify methods for measuring and analyzing performance, and
  • Demonstrate mastery of lesson content at levels of 70% or higher.

Assessment Guide

Assessment Points
Lesson 1 Quiz10
Lesson 2 Quiz11
Lesson 3 Quiz10
Lesson 4 Quiz11
Lesson 5 Quiz10
Lesson 6 Quiz10
Lesson 7 Quiz10
Lesson 8 Quiz10
Lesson 9 Quiz10
Lesson 10 Quiz10
Lesson 11 Quiz10
Lesson 12 Quiz10
Lesson 13 Quiz10
Lesson 14 Quiz10
Lesson 15 Quiz10
The Final Exam81
Total Points:233

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