Global Procurement and Strategic Sourcing

What you'll learn
Understand the role and strategic importance of procurement within modern organizations
Distinguish clearly between procurement vs. purchasing and tactical vs. strategic procurement
Analyze direct and indirect spend and choose appropriate management approaches
Apply the procurement process from need identification to supplier selection
Use Total Cost of Ownership (TCO) to make better sourcing and investment decisions
Assess procurement performance using procurement maturity models
Develop category strategies using the Kraljic Matrix
Evaluate profit impact and supply risk using structured scoring methods
Conduct demand analysis and supply market analysis
Apply Porter's Five Forces to understand supplier power and market dynamics
Design and execute a 7-step strategic sourcing process
Select suppliers, support negotiations, and manage sourcing risks
Drive continuous improvement in procurement and sourcing activities
Requirements
No prior procurement education is required. Concepts are explained step-by-step.
Description
Disclaimer: This course contains the use of artificial intelligence.Procurement today is no longer just about getting the lowest price—it is a strategic function that directly impacts profitability, risk management, innovation, and competitive advantage.This course provides a comprehensive, end-to-end foundation in global procurement and strategic sourcing, combining practical frameworks, real-world examples, and proven tools used by leading procurement organizations.You will start by understanding what procurement really is and how it differs from purchasing. From there, the course builds step-by-step into strategic sourcing, category management, total cost of ownership, procurement maturity models, and supplier strategy development.The course emphasizes practical application, not theory alone. You will learn how to:Analyze spend and supply marketsApply the Kraljic Matrix to develop category strategiesBuild sourcing strategies and select suppliersMove from tactical buying to strategic value creationManage cost beyond price using Total Cost of Ownership (TCO)Realistic examples (such as injection molding machines, packaging materials, and case-based sourcing scenarios) are used to bring concepts to life and show how they are applied in real organizations.This course is designed to be clear, structured, and applicable, whether you work in manufacturing, FMCG, services, or indirect procurement environments.By the end of the course, you will have a strong, structured understanding of global procurement and sourcing, and the confidence to apply these tools in your day-to-day role.
Who this course is for
Junior to mid-level procurement professionals who want to build a strong foundation in global procurement and strategic sourcing
Category managers, buyers, and sourcing specialists looking to move from tactical purchasing to strategic value creation
New managers in procurement or supply chain who want structured frameworks and practical tools
Professionals from non-procurement backgrounds (engineering, operations, finance, quality) who work closely with suppliers
Experienced procurement professionals who want to refresh core concepts and modern sourcing approaches
Homepage

https://www.udemy.com/course/global-procurement-and-strategic-sourcing/

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