Supply Chain: Procurement

The function of procurement is to manage the whole process of purchasing products. And, as this course shows, it extends beyond just buying goods and services for the company. Opening by giving employees the full definition of procurement and what it means to an organization, this course teaches the difference between procurement, purchasing, and sourcing. Once employees understand these differences, they are positioned to learn the part each role, sourcing and purchasing, play in the procurement process. Use this course to ensure team members can define procurement, identify the steps in the procurement process, and understand what it means to the organization’s competitive advantage.