Free Course Image Procurement course

Free online courseProcurement course

Duration of the online course: 1 hours and 55 minutes

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Boost sourcing and negotiation skills with a free procurement course: RFIs/RFPs, ethics, risk and contracts—earn a certificate-ready foundation for buyers.

In this free course, learn about

  • Bargaining and negotiation fundamentals, phases, styles, and preparation techniques
  • Creating effective specs and challenging requirements to reduce total cost
  • Writing and using RFI/RFP/RFQ/RFT documents; choosing supplier count and process setup
  • Procurement ethics: conflicts of interest, compliance, and professional conduct
  • Supply chain/value chain basics incl. Porter model and primary value chain activities
  • End-to-end sourcing/procurement processes: upstream vs downstream activities and key steps
  • Supplier Relationship Management: defining relationships, preference tables, and analysis purpose
  • Risk management in sourcing and contract management: methods, controls, and mitigation practices
  • Portfolio/ABC (Pareto) analysis and Kraljic-style strategies for high-risk/high-value categories
  • Make-or-buy analysis: what it entails and how it informs sourcing decisions
  • Contracting essentials: contract types, umbrella agreements, key clauses, execution issues
  • Contract management: required rigor, service delivery, performance KPIs, and savings realization
  • Cost and finance for buyers: price vs cost, TCO, costing methods, P&L, balance sheet, ratios/RONA
  • Incoterms: why they matter and how terms are grouped by transport mode

Course Description

Strong procurement is more than getting a lower price. It is a structured way to protect supply, improve quality, reduce total cost, and build supplier relationships that support long-term business goals. This free online course helps you develop practical purchasing management skills you can apply immediately, whether you are moving into a buyer role, supporting sourcing decisions in a small business, or looking to professionalize how your team evaluates suppliers and manages contracts.

You will learn how to approach negotiation as a repeatable process, from preparation to running a productive discussion and handling difficult moments with confidence. The course emphasizes bargaining dynamics and communication so you can reach better outcomes without damaging relationships. You will also strengthen an often overlooked lever for savings: specifications. By learning how to develop and influence specifications responsibly, you can reduce costs, increase competition, and avoid paying for features that do not add value.

To run sourcing processes that are clear and defensible, you will practice how to frame requests for information and proposals, choose an appropriate supplier field, and create a decision process that is consistent. You will connect procurement to broader strategy through supply chain and value chain thinking, and you will see how market analysis supports smarter supplier selection. Beyond selection, the course reinforces supplier relationship management concepts, including how to define supplier relationships, analyze them, and use practical tools to guide engagement over time.

Risk and ethics are treated as core capabilities rather than afterthoughts. You will explore conflicts of interest and procurement ethics so decisions stay transparent and aligned with policy. You will also learn how risk management supports continuity and performance by moving from identification to control and monitoring, so issues are anticipated rather than simply handled after they happen.

Because purchasing decisions impact financial results, the course introduces essential finance and cost management for non-finance professionals. You will connect cost reductions to performance metrics, distinguish price from cost, and use concepts like total cost of ownership to make decisions that stand up beyond the first invoice. Contract and legal fundamentals are covered in a practical way as well, helping you understand common contract approaches, key clauses, service delivery realities, and why negotiated savings sometimes fail to materialize without proper execution and performance management.

By the end, you will have a solid, job-relevant foundation across sourcing, negotiation, supplier management, risk, ethics, and contract execution, supported by quick checks and exercises that reinforce what you learned. If you want a free, well-rounded procurement learning path that improves both daily decisions and strategic impact, this course is a strong next step.

Course content

  • Video class: How to Bargain - The Negotiation - Skill Dynamics 01m
  • Video class: How to Develop Specifications - Skill Dynamics 02m
  • Exercise: How can influencing specifications reduce costs?
  • Video class: How to Write an RFI and RFP - Skill Dynamics 01m
  • Exercise: What is one recommended approach when deciding how many suppliers to include in an RFI process?
  • Video class: Negotiation Preparation - Skill Dynamics 02m
  • Exercise: What is the first phase of negotiation as described in the course?
  • Video class: Procurement Ethics - Skill Dynamics 01m
  • Exercise: What is considered an example of a conflict of interest in procurement activities?
  • Exercise: Which of the following is an example of a conflict of interest in procurement?
  • Video class: Procurement Ethics - Skill Dynamics 01m
  • Exercise: What is considered an example of a conflict of interest in procurement activities?
  • Exercise: Which of the following is an example of a conflict of interest in procurement?
  • Video class: Procurement Ethics - Skill Dynamics 01m
  • Exercise: What is considered an example of a conflict of interest in procurement activities?
  • Exercise: Which of the following is an example of a conflict of interest in procurement?
  • Video class: The integrated supply chain, the value chain, Porter model - Procurement training - Purchasing 02m
  • Exercise: What is a primary activity in the value chain management structure?
  • Video class: Sourcing processes: Supplier selection - Procurement training - Purchasing skills 01m
  • Exercise: In the sourcing process, after understanding supplier relationship analysis and risk management, what is the sixth step?
  • Video class: SRM: Supplier relationship analysis, the tool - Procurement training - Purchasing skills 00m
  • Exercise: How is a supplier relationship defined?
  • Video class: SRM: Supplier relationship analysis - Procurement training - Purchasing skills 01m
  • Exercise: In the sourcing process, what is the purpose of supplier relationship analysis?
  • Video class: Supplier preference table a tool to manage the relationship with suppliers - Procurement training 02m
  • Video class: Procurement processes - Procurement training - Purchasing skills 02m
  • Exercise: In the procurement process, which activity is part of the Upstream Loop?
  • Video class: Risk management - Procurement training - Purchasing skills 01m
  • Exercise: What is the primary goal of risk management in the sourcing process?
  • Video class: Risk Management, the method - Procurement training - Purchasing skills 02m
  • Exercise: In risk management, what is the primary purpose of the 'control' step?
  • Video class: RONA financial ratio or Dupont model - Procurement training - Purchasing skills 03m
  • Exercise: What effect does a 3% cost reduction have on RONA?
  • Video class: Portfolio analysis - Procurement training - Purchasing skills 02m
  • Exercise: Which quadrant in the Crouch ik matrix is characterized by high supply risk and high value, where the strategies include gaining access to suppliers' technology and expertise, and initiating joint development?
  • Video class: Sourcing processes: Market analysis - Procurement training - Purchasing skills 02m
  • Exercise: What is the purpose of market analysis in supply management?
  • Video class: Sourcing processes: Market analysis - RFI - Procurement training - Purchasing skills 01m
  • Exercise: What is the primary purpose of using an RFI (Request for Information) in procurement?
  • Video class: Make or buy analysis - Procurement training - Purchasing skills 02m
  • Exercise: What does a make or buy analysis entail?
  • Video class: Sourcing processes: Contract types - Procurement training - Purchasing skills 02m
  • Exercise: What is the main purpose of an umbrella agreement in procurement?
  • Video class: Sourcing processes: Capturing the needs - Procurement training - Purchasing skills 01m
  • Video class: ABC or Pareto analysis - Procurement training - Purchasing skills 03m
  • Exercise: What is a strategic benefit of performing an ABC analysis in procurement?
  • Video class: Contract management course: assessing the required level of contract management - part 1 01m
  • Video class: Tender course: how to develop specifications - Procurement training - Purchasing skills 01m
  • Exercise: What is one strategy to attract more suppliers and increase competition in a procurement process?
  • Video class: Legal course: contracts and issues in procurement overview - Procurement training 01m
  • Video class: Finance course: assets and liabilities 01m
  • Exercise: Which section of the balance sheet refers to assets that can be converted into cash within a short period, specifically within 12 months?
  • Video class: Contract management course: assessing the required level of contract management - part 2 01m
  • Video class: Cost management course: cost calculation and cost estimation - Procurement training - Purchasing 01m
  • Exercise: What is the main difference between the analytic and estimative approaches in procurement cost calculation?
  • Video class: Finance course: application of profit - Procurement training - Purchasing skills 01m
  • Video class: Finance course: understanding profit and loss for non-finance professionals, like buyers. 05m
  • Video class: European public procurement course: guiding principles - Procurement training - Purchasing skills 01m
  • Video class: Contract management course: supplier performance management - Procurement training - Purchasing 01m
  • Exercise: In the scenario described, what is the main reason for the production department's difficulty with the new supplier?
  • Video class: Negotiation course: difficult questions answered by buyers - Procurement training 01m
  • Video class: Total Cost of Ownership TCO: importance of understanding total cost - Procurement training 02m
  • Exercise: What is the 'iceberg analogy' commonly used to illustrate in procurement?
  • Video class: Incoterms course: importance of Incoterms - Procurement training - Purchasing skills 01m
  • Video class: Cost management: how is price different from cost - Procurement training - Purchasing skills 01m
  • Exercise: Why is it important to calculate the cost of a product when selecting suppliers?
  • Video class: European public procurement course: deciding award criteria - Procurement training - Purchasing 01m
  • Video class: Finance course: balance sheet - structure and analysis - Procurement training - Purchasing skills 00m
  • Exercise: What financial document is most helpful for understanding how a business is funded and how these funds are used?
  • Video class: Cost management course: six cost calculation approaches - Procurement training - Purchasing skills 05m
  • Video class: Incoterms course: groups and classes - Procurement training - Purchasing skills 01m
  • Exercise: In the context of Incoterms classification since 2010, into which categories are these terms divided based on the mode of transport?
  • Video class: Legal course: important clauses of a contract - Procurement training - Purchasing skills 01m
  • Video class: Negotiation course: identifying ZOPA - Procurement training - Purchasing skills 01m
  • Exercise: When negotiating with suppliers, which scenario indicates the existence of a Zone of Potential Agreement (ZOPA)?
  • Video class: European public procurement course: five-step procedure - Procurement training - Purchasing skills 00m
  • Video class: European public procurement course: estimating contract value - Procurement training - Purchasing 01m
  • Exercise: Why is it important to estimate the contract value before receiving offers in the context of European public procurement rules?
  • Video class: Tender course: difference between RFQ and RFI - Procurement training - Purchasing skills 01m
  • Video class: Negotiation course: body Language - Procurement training - Purchasing skills 01m
  • Exercise: In the context of effective communication, what does maintaining eye contact during a conversation signify?
  • Video class: Tender course: challenge specifications - Procurement training - Purchasing skills 01m
  • Video class: Contract management course: issues in contract execution - Procurement training - Purchasing skills 01m
  • Exercise: What is the main challenge regarding potential savings negotiated in procurement contracts?
  • Video class: Contract management course: service delivery management - Procurement training - Purchasing skills 00m
  • Video class: Negotiation course: negotiation climate - part 1 - Procurement training - Purchasing skills 00m
  • Exercise: What is the recommended way to start a negotiation according to the guiding principles in establishing a favorable negotiation climate?
  • Video class: Value Analysis course: performing functional analysis - Procurement training - Purchasing skills 01m
  • Video class: Supplier Performance Measurement course: KPI's - Procurement training - Purchasing skills 01m
  • Exercise: In the context of supplier performance assessment, which key performance indicator (KPI) would be most relevant for ensuring that a supplier consistently provides goods in the correct quantity and at the right time?
  • Video class: Negotiation course: negotiation climate - part 2 - Procurement training - Purchasing skills 00m
  • Video class: Contract management course: the right approach - Procurement training - Purchasing skills 01m
  • Exercise: What is Kathy's main responsibility in her new role as a contract manager?
  • Video class: Specifications course: role of the buyer - reducing cost - Procurement training - Purchasing skills 01m
  • Video class: Contract management course: risk management - Procurement training - Purchasing skills 01m
  • Exercise: In contract management, what is a recommended practice for assessing and managing risks effectively?
  • Video class: Supplier development course: results of supplier development - Procurement training - Purchasing 01m
  • Video class: Tender course: request for proposal - RFP - Procurement training - Purchasing skills 00m
  • Exercise: What is a key reason why many RFP processes result in less favorable outcomes for companies?
  • Video class: Legal course: rejecting a delivery - Procurement training - Purchasing skills 01m
  • Video class: Negotiation course: negotiation styles - Procurement training - Purchasing skills 02m
  • Video class: Cost calculation course: cost calculation and pricing - Procurement training - Purchasing skills 01m
  • Video class: Legal course: is a contract necessary - Procurement training - Purchasing skills 01m
  • Video class: Supplier development course: what is supplier development - Procurement training - Purchasing skills 01m
  • Video class: European public procurement course: what is an RFT - Procurement training - Purchasing skills 03m
  • Exercise: In procurement, when would a buyer typically use a Request for Tender (RFT) document?
  • Video class: Finance course: types of ratios - Procurement training - Purchasing skills 01m

This free course includes:

1 hours and 55 minutes of online video course

Digital certificate of course completion (Free)

Exercises to train your knowledge

100% free, from content to certificate

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