This course, offered by Rutgers the State University of New Jersey, provides fundamental knowledge on procurement. Students will learn about the importance of procurement to the organization, the difference between direct and indirect procurement, and the key ways to improve stakeholder management.
The course includes modules on procurement definitions, the importance of procurement, procurement processes, direct vs. indirect procurement, and stakeholder management. It also incorporates case studies, practice assessments, and peer reviews to ensure a comprehensive learning experience.
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This course comprises modules covering procurement definitions, the importance of procurement, procurement processes, direct vs. indirect procurement, and stakeholder management. Each module offers in-depth insights essential for understanding procurement basics.
Welcome to the course "Procurement Basics" offered by Rutgers the State University of New Jersey. This module provides an introduction to procurement and explores the definitions of purchasing and procurement. Students will gain insights into the differences between purchasing and procurement, setting the foundation for the subsequent modules.
In this module, students will delve into the importance of procurement and its value to the organization. They will learn about various metrics used to measure procurement effectiveness and explore ways for procurement to prove its value to the organization.
This module focuses on procurement processes, including the management of requests for quotation (RFQ) processes. Students will gain a comprehensive understanding of the procurement processes and their significance in the overall procurement function.
Students will explore the differences between direct and indirect procurement in this module. They will also learn about the challenges associated with indirect procurement, providing valuable insights into managing both direct and indirect procurement effectively.
Stakeholder management is crucial in procurement, and this module provides insights into best practices for successful stakeholder management. Students will also engage in a case study and a peer review, applying their knowledge to real-world scenarios.
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