Strategic Procurement Fundamentals
Learn the foundations of procurement, from core principles and processes to strategic approaches and maturity models.
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 completing this course, you will be able to:
✔ 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.
This course includes:
📹 2.5 hours of video content
📄 Procurement Maturity Self-Assessment Template
🎓 Certificate of completion
The Procurement Process: From Needs to Supplier Selection
Direct vs. Indirect Procurement: Core Definitions and Differences
Typical Categories of Direct and Indirect Spend
Risks and Challenges in Managing Direct and Indirect Procurement
Approaches to Managing Indirect Spend
Tactical vs. Strategic Procurement: Key Characteristics
Roles and Responsibilities in Tactical vs. Strategic Procurement
Skills for Effective Tactical and Strategic Procurement