This course provides a comprehensive overview of procurement and supply management principles and practices. It covers key areas such as procurement cycles, organizational relationships, purchasing strategies, and quality assurance. Students will learn about pricing procedures, inventory management techniques like ABC analysis, and ethical considerations in procurement. The course also explores government purchasing, competitive bidding, negotiation, international buying, and just-in-time inventory systems, equipping students with essential skills for effective supply chain management.
Take a practice test or generate AI study notes to help you excel in this course.
Everything you need to know about this course
Key areas covered in this course
No specific requirements needed
This course is designed to be accessible to all students. You can start immediately without any prior knowledge or specific preparation.
How your progress will be evaluated (3 methods)
Comprehensive evaluation of course material understanding
Comprehensive evaluation of course material understanding
Comprehensive evaluation of course material understanding
Explore the career paths this course opens up for you
Apply your skills in this growing field
Apply your skills in this growing field
Apply your skills in this growing field
Apply your skills in this growing field
Apply your skills in this growing field
Real-world sectors where you can apply your knowledge
Expert tips to help you succeed in this course
Create a detailed study schedule allocating specific time slots for each module and unit.
Develop flashcards for key terms and concepts in procurement and supply management.
Practice applying inventory management formulas from Units 4-5 to solve numerical problems.
Review case studies in the course material and analyze the decision-making processes.
Form a study group to discuss complex topics and share insights on assignments.
Focus on understanding the legal and ethical considerations in procurement from Module 3 Units 1-3.
Create concept maps linking Units 3-5 inventory management concepts.
Practice SQL queries from Units 7-9 weekly.
Review all TMAs
Focus on key concepts