Procurement Fundamentals

The procure-to-pay cycle end to end: writing specifications, choosing sourcing routes, evaluating bids beyond price, purchase order basics and the controls that keep buying honest. For anyone who requests, buys or approves goods and services.

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52m

Total time

Competency levels

Lessons

What you'll learn

Explain each step of the procure-to-pay cycle and why the order of steps matters
Distinguish functional from technical specifications and choose the right one for a purchase
Select an appropriate sourcing route (catalogue, RFQ or competitive tender) for a given need
Evaluate offers on total cost of ownership, quality, delivery and HSE — not lowest price alone
Describe the purpose of purchase order terms, approval limits and segregation of duties
Recognise maverick (off-contract) buying and explain the harm it causes

Curriculum

Progress through each competency level in order.

Awareness

The Procure-to-Pay Cycle
Knowledge
2m
Controls: Who Does What, and Why Going Around the Process Hurts
Knowledge
2m
Awareness Check: The Procurement Basics
Assessment
7m

Knowledge

Writing Good Specifications
Knowledge
2m
Choosing the Sourcing Route
Knowledge
3m
Knowledge Check: Specifications and Sourcing
Assessment
8m

Skill

Evaluating Offers Beyond the Lowest Price
Knowledge
3m
Assignment: Run a Documented Purchase Evaluation
Assignment
3m
Skill Check: Evaluation Judgement
Assessment
8m

Mastery

Purchase Order Terms and Guarding the Process
Knowledge
3m
Assignment: Audit and Improve a Live Purchasing Process
Assignment
3m
Mastery Assessment: Procurement Judgement Under Pressure
Assessment
8m

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