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6 modules · ~24 min
Procurement, Vendors & Logistics
The language of buying, suppliers, contracts, shipping, and vendor relationships — from purchase orders to delivery delays.
What you'll be able to do
01
Tell procurement, purchasing and sourcing apart
02
Understand suppliers, vendors and contracts
03
Follow purchase orders, invoices and payment terms
04
Recognise supplier risk and cost/quality/delivery tradeoffs
Modules
6 in this track- 1 Procurement vs Purchasing vs Sourcing Free Three words people use for buying that actually mean three different jobs — the strategy, the hunt, and the transaction. Start →
- 2 Suppliers, Vendors & Contracts Free Who you buy from, what you call them, and the written promises that keep the relationship honest. Start →
- 3 Purchase Orders, Invoices & Payment Terms Free How a decision to buy turns into paperwork, gets approved, and finally becomes a payment — without anyone getting cheated. Start →
- 4 Logistics, Freight & Shipping Terms Free How physical goods actually travel from a supplier to your door, who pays, and who is to blame if a crate goes missing. Start →
- 5 Supplier Risk & Single-Source Problems Free Why leaning on one supplier feels efficient right up until the day it quietly puts your whole business at their mercy. Start →
- 6 Cost, Quality & Delivery Tradeoffs Free Why the cheapest supplier is rarely the best one, and how every buying decision balances three forces that pull against each other. Start →