Procurement & Supplier Management: A Complete Guide is a structured track of 5 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
- The Strategic Procurement Process Explained - Need Identification → Specification → Supplier Search → RFQ/RFP → Evaluation Negotiation → Contract → Order & Follow-up → Receipt & Inspection → Payment Dimension Strateg
- The Kraljic Matrix: Supply Positioning Explained - The Kraljic Matrix (1983) segments purchased items into four categories based on supply risk and profit impact, guiding differentiated sourcing strategies.
- Supplier Evaluation & Scorecards Explained - Dimension Metric Weight Supplier A Score Supplier B Score Quality PPM (Parts Per Million defect rate) 30% 95 (PPM: 150) 80 (PPM: 500) Delivery OTIF % (On-Time In-Full) 25
- Outsourcing Models: 3PL vs 4PL Explained - Model What They Do Control Level Cost Indian Example In-House (1PL) Company manages own logistics Full control High fixed cost Flipkart's Ekart logistics 2PL Asset-based
- Sustainable & Ethical Procurement Explained - Principle What It Means How to Implement Green Procurement Prefer environmentally friendly inputs & suppliers Include environmental criteria in RFP, prefer ISO 14001 supp