Procurement Foundations: Need, Specification and Value
Builds the procurement lifecycle foundation, translates need into specification, and explains why price alone is insufficient for comparison.
Read the whole first subject without an account: its lessons, summary and review questions.
Subject lessons
- Lesson 1 Procurement Role, Lifecycle, Stakeholders and Value
- Lesson 2 Need and Demand Analysis, Make-or-Buy Decision
- Lesson 3 Requirements, Specifications, Acceptance Criteria and Stakeholder Alignment
- Lesson 4 Price, Cost, Value and Total Cost of Ownership
- Integrated subject summary Review questions
The remaining subjects unlock in sequence once you create a free account.