Procurement, Sourcing & Supplier Management is a structured track of 13 lessons that build a complete, interview-ready understanding of the topic. Work through them in order, then use the quiz and flashcards in each lesson to revise.
What this course covers
- What Procurement Owns and How It Creates Value - Procurement measured on total cost and risk rather than on savings claims.
- The Sourcing Process from Requirement to Contract - Every stage, the documents produced and the decision made at each gate.
- Category Strategy and the Supply Positioning Matrix - Segmenting spend by value and risk, then choosing a strategy per quadrant.
- Should-Cost Analysis and Cost Breakdown Modelling - Building a bottom-up view of what a part ought to cost, and using it.
- Supplier Selection, Scorecards & Evaluation - Weighted evaluation that resists being reverse-engineered to a preferred vendor.
- Negotiation Levers Beyond Price - Terms, volumes, specifications and risk transfer as negotiable value.
- Contracting, Incentives & Service Agreements - Structuring incentives and service terms so behaviour follows the contract.
- Supplier Relationship Management & Development - Segmenting suppliers, running reviews and developing critical partners.
- Make versus Buy and Outsourcing Economics - The full economics of outsourcing, including the costs usually omitted.
- Supplier Risk, Compliance & Responsible Sourcing - Financial, operational and conduct risk in the supply base, and auditing it.
- Digital Procurement, Electronic Sourcing & Spend Analytics - Getting spend visibility, and running a clean electronic sourcing event.
- Using AI in Spend Analysis, Sourcing & Contract Review - Classifying spend, drafting sourcing documents and reviewing contracts with AI.
- Applied: Running a Category Sourcing Exercise - One category taken from spend analysis to awarded contract, with savings shown.