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Free Online Procurement Management Course

Procurement Management

This free online training will teach you the fundamentals of procurement management. This free Procurement Management Course is taught hands-on by experts. Learn about its process, types, importance, roles, and responsibilities.

4.7
average rating

Ratings

Beginner

Level

1.5 Hrs

Learning hours

19.4K+
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Learners

Skills you’ll Learn

About this Free Certificate Course

Procurement management is accountable for managing the processes involved in acquiring the products, materials, goods, and services required for optimum business operations. 

We will learn all the essentials of procurement management, including its various steps, in this free course. We'll also see how procurement management software can easily handle all the significant functions of procurement management, such as purchase orders, vendor management, invoice approvals, contract management, etc.
 

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Course Outline

Agenda For Procurement Management
What is Procurement Management?
Procurement Management Process
Types of Procurement
The Importance of Procurement Management
Roles and Responsibilities of A Procurement Manager
Project Procurement Management
Reasons To Digitize Procurement Management
Summary of Procurement Management

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4.7
Course Rating
80%
16%
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Ratings & Reviews of this Course

Reviewer Profile

5.0

It was a good experience and a Knowledge Booster
1. Nice course 2. Helped me to brush up my experience in a better way 3. Curriculum and teaching style, instructor was good.
Reviewer Profile

4.0

The Procurement Management Course at Great Learning was a Comprehensive and Enriching Experience
The curriculum was well-structured, blending theoretical concepts with real-world case studies, which helped me apply the knowledge to practical scenarios. I particularly appreciated the interactive learning format and the expert instructors who provided valuable insights into the procurement process, supply chain management, and best industry practices. The flexibility of the course allowed me to balance my professional commitments while advancing my skills. Overall, it was a rewarding experience that has enhanced my procurement expertise.
Reviewer Profile

5.0

Thank You for Offering this Valuable Free Online Course on Procurement Management
Thank you for offering this valuable free online course on procurement management. The course provides essential knowledge and practical insights that are incredibly useful for anyone involved in procurement or supply chain operations. The content is clear, well-structured, and easy to follow, making it accessible to learners at all levels. I appreciate the opportunity to deepen my understanding of procurement processes, supplier relations, and negotiation strategies. This course is an excellent resource for advancing skills and enhancing efficiency in procurement practice.
My Learning Experience was Excellent and Great. I'm Very Happy with the Outcome
How I wished I had early knowledge about this online learning.
Reviewer Profile

5.0

I Found the Course to be Highly Engaging and Informative. It Exceeded My Expectations
The instructor was exceptional. Their teaching style was interactive and encouraged open discussions, which made the learning experience enjoyable. They effectively used real-world examples that clarified complex concepts.
Reviewer Profile

5.0

It was a Great Experience with Great Learning
It was a great experience with great learning. Explained the depth of the topic.
Reviewer Profile

5.0

This Course has been a Great Learning Experience
The name of the program should accurately capture its essence. It offers a truly enriching experience with a well-designed curriculum and user-friendly learning materials.
Reviewer Profile

5.0

Procurement vs Purchasing Clearly Explained in a Meticulous Way
Nice presentation in sequential order. After a long time, it's great to recap with clarity!
Reviewer Profile

5.0

Easy and Understandable, Covered the Basics of Procurement
The course was very helpful to understand what exactly procurement is and also understood its process and the difference between procurement and purchase.
Reviewer Profile

4.0

Brief but Detailed Course Presentation
A brief but detailed, straight-to-the-point course presentation. I enjoyed it greatly and learned some basics.

Procurement Management

1.5 Learning Hours . Beginner

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Frequently Asked Questions

Is the Procurement Management course a certification course?

This Procurement Management course earns you a certificate of completion, not a professional certification.

Will I get a certificate after completing this Procurement Management free course?

Yes, you will get a certificate of completion for Procurement Management after completing all the modules and cracking the assessment. The assessment tests your knowledge of the subject and badges your skills.
 

How much does this Procurement Management course cost?

It is an entirely free course from Great Learning Academy. Anyone interested in learning the basics of Procurement Management can get started with this course.
 

Is there any limit on how many times I can take this free course?

Once you enroll in the Procurement Management course, you have lifetime access to it. So, you can log in anytime and learn it for free online.
 

Can I sign up for multiple courses from Great Learning Academy at the same time?

Yes, you can enroll in as many courses as you want from Great Learning Academy. There is no limit to the number of courses you can enroll in at once, but since the courses offered by Great Learning Academy are free, we suggest you learn one by one to get the best out of the subject.

Why choose Great Learning Academy for this free Procurement Management course?

Great Learning Academy provides this Procurement Management course for free online. The course is self-paced and helps you understand various topics that fall under the subject with solved problems and demonstrated examples. The course is carefully designed, keeping in mind to cater to both beginners and professionals, and is delivered by subject experts.

Great Learning is a global ed-tech platform dedicated to developing competent professionals. Great Learning Academy is an initiative by Great Learning that offers in-demand free online courses to help people advance in their jobs. More than 5 million learners from 140 countries have benefited from Great Learning Academy's free online courses with certificates. It is a one-stop place for all of a learner's goals.

What are the steps to enroll in this Procurement Management course?

Enrolling in any of the Great Learning Academy’s courses is just one step process. Sign-up for the course, you are interested in learning through your E-mail ID and start learning them for free online.
 

Will I have lifetime access to this free Procurement Management course?

Yes, once you enroll in the course, you will have lifetime access, where you can log in and learn whenever you want to. 
 

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Procurement Management Course

Purchasing goods and services from external suppliers to satisfy an organization's needs is the process of procurement management. It is a vital part of an organization’s strategic plan, as it ensures that the necessary supplies are acquired at the right time, in the right quantities, and at the right price. Procurement activities must be managed effectively for an organization to stay competitive in its industry. Students can learn the abilities needed to successfully manage the procurement activities for their organization in a procurement management course.

Agenda for Procurement Management

A typical procurement management course will cover topics such as: What is Procurement Management?, Procurement Management Process, Types of Procurement, The Importance of Procurement Management, Roles and Responsibilities of A Procurement Manager, Project Procurement Management, Reasons To Digitize Procurement Management, and Summary of Procurement Management.

What is Procurement Management?

Procurement management is the process of acquiring goods and services from outside sources to meet an organization’s needs. It is a vital part of an organization’s strategic plan, as it ensures that the necessary supplies are acquired at the right time, in the right quantities, and at the right price. 

Procurement Management Process

The procurement process typically involves a number of steps, including identifying the need, researching potential suppliers, requesting quotes, evaluating responses, and selecting a supplier. Once a supplier is selected, the organization and the supplier will negotiate the terms of the agreement and execute the contract. The procurement process should be managed and monitored throughout the entire process in order to ensure the best overall outcome for the organization.

Types of Procurement

There are three main types of the procurement: direct, indirect and competitive. Direct procurement involves purchasing goods and services directly from the supplier and is typically used for items that are needed quickly or are complex in nature. Indirect procurement consists in buying goods and services through a third party, such as a wholesaler or retail outlet. Competitive procurement involves seeking bids or proposals from multiple suppliers in order to select the most cost-effective supplier.

The Importance of Procurement Management

Procurement management is important because it helps organizations save time and money by finding the best suppliers and negotiating the best prices. It also helps organizations ensure that they are getting the highest quality goods and services at the lowest possible cost. Additionally, effective procurement management can help organizations reduce the risk of fraud and corruption by ensuring that all procurement activities are conducted in accordance with legal and ethical standards.

Roles and Responsibilities of A Procurement Manager

A procurement manager is responsible for managing the entire procurement process from start to finish. This includes researching potential suppliers, negotiating contracts, and monitoring the performance of the supplier. The procurement manager must also ensure that all procurement activities are conducted in a timely and cost-effective manner.

Project Procurement Management

The process of managing the purchase of products and services for a particular project is known as project procurement management. This involves determining the need, looking into prospective suppliers, negotiating contracts, and keeping an eye on the supplier's performance. In order to ensure that the project is finished on time and within budget, project procurement management aims to ensure that the required supplies are acquired in a timely and cost-effective manner.

Reasons To Digitize Procurement Management

By streamlining the procurement process, digitizing procurement management can save businesses time and money. Ensuring that all procurement processes adhere to moral and ethical standards, it can also assist organizations in lowering the risk of fraud and corruption. Additionally, digitizing procurement management can help organizations gain visibility into the entire procurement process, enabling them to make better decisions and to identify areas where they can improve their processes.

Summary of Procurement Management

The process of acquiring goods and services from outside suppliers to satisfy an organization's needs is known as procurement management. It is an essential component of a company's strategic plan because it guarantees that the necessary supplies are purchased at the appropriate time, in the appropriate quantities, and for the appropriate price. A procurement management course can equip students with the knowledge and abilities needed to efficiently manage procurement activities within their organization. There are three main categories of the procurement: competitive, indirect, and direct. Due to its role in helping businesses find the best suppliers and negotiate the best prices, procurement management is crucial. By streamlining the procurement process, digitizing procurement management can save businesses time and money.
 

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