Topic: Introduction to Procurement
Lessons: 2 video lessons
Total length: 06:11 min
Set yourself up for Procurement success by understanding how competition works in the supply market. It’s not as simple as the number of suppliers correlating to the level of competition. This learning module gives you a wider lens to start understanding your Procurement options and impacts of your decisions.
Gain awareness of how to apply 3 different techniques to help you:
a. Assess competition (5 Forces analysis)
b. Determine strategic positioning (purchasing portfolio matrix)
c. Consider “life” stage (product lifecycle) in the supply market.