Procurement & Sourcing Introduction

This introductory course establishes the essential functions and processes of **Procurement and Sourcing** within a modern organization. It defines the differences between transactional purchasing and strategic sourcing, emphasizing the shift in focus from mere cost reduction to total value capture. Participants will be introduced to key concepts such as the purchasing cycle, supplier selection criteria, and the initial stages of negotiation. This course is indispensable for new team members or those transitioning into a procurement role who need a foundational understanding of how to manage organizational spend ethically and effectively.