Free Udemy Course: Certified Procurement Management : Exam Prep for Beginners

This  course is designed to help newcomers prepare for entry-level procurement management certifications by giving you a strong, practical base. The program follows the end-to-end procurement journey—planning, sourcing, contracting, supplier performance, and improvement—so you see how decisions at each step affect cost, risk, and service. You will learn the language of procurement used on exams and apply it through examples, short cases, and practice questions.We begin with procurement’s purpose in an organization: aligning with strategy, controlling spend, managing risk, and meeting policy requirements. You will learn how to define categories, analyze spend, and translate stakeholder needs into clear specifications. We review purchasing channels such as spot buys, catalogs, and framework agreements, including when each option makes sense.Next, we dive into sourcing and RFx execution. You will distinguish among RFI, RFP, and RFQ, and learn how to build timelines and documents for each. We will create transparent evaluation models with mandatory gates and weighted criteria, and practice consistent, auditable scoring. Supplier screening and due diligence are introduced, along with simple risk signals like financial health, capacity, quality history, and compliance flags.Contracting is explained in accessible terms. You will compare fixed-price, cost-reimbursable, and time-and-materials agreements and understand the trade-offs. We will unpack key sections—scope, deliverables, SLAs, payment timing, warranties, limits of liability, indemnities, IP, and termination rights—so you can recognize their intent and typical negotiation points. A short negotiation module covers preparation, defining interests, setting a BATNA, building value, and basic tactics suited to junior roles.Cost and value analysis are central. You will compute total cost of ownership, normalize supplier quotes, and account for logistics, lead times, inventory effects, and quality costs. We will examine quotes to find hidden charges or unfavorable terms and use simple spreadsheet models to support comparisons. Ethics and compliance are emphasized: conflicts of interest, anti-bribery expectations, confidentiality, equal treatment of suppliers, and documentation standards.Supplier performance management rounds out the lifecycle. You will set KPIs, define SLAs, run reviews, and manage change orders and minor disputes. We will cover essential internal controls like approvals, segregation of duties, and record-keeping. You will also see common features of digital tools—e-sourcing portals, e-auctions, and procure-to-pay workflows—so exam references to systems feel familiar.To boost exam success, we integrate study and test strategies: reading stems carefully, spotting distractors, time management, working through scenario items, and handling math questions step by step. Each section includes short checks for understanding and a final practice blueprint aligned to typical beginner domains. By course end, you will be able to define procurement goals, choose appropriate sourcing paths, evaluate suppliers fairly, interpret core contract clauses, calculate basic TCO, act with integrity, and approach certification-style questions with confidence.