StretchLearn Course

Stop overpaying suppliers and running out of your best sellers

Build a procurement system that picks the right vendors, controls every order, and protects your margin.

Beginner9 hrSelf PacedRegistered

Course Overview

What this course is designed to develop

Learn to run procurement like an operator, not a buyer who just reorders when the shelf looks empty. You will score and select vendors with a weighted matrix, write purchase orders that prevent disputes, calculate reorder points and safety stock so you stop both stocking out and overbuying, and attack landed cost line by line. Every lesson uses worked examples, named tools, and real benchmark numbers so you finish with a buying system you can run with a spreadsheet.

Learning Outcomes

What the learner should be able to understand, build, or execute.

Build a weighted vendor scorecard and select suppliers on total value rather than unit price alone

Write purchase orders and supplier agreements that prevent the most common cost and quality disputes

Calculate reorder point, safety stock, and economic order quantity for your real products

Map and shorten supplier lead time so you stop stocking out of your best sellers

Calculate true landed cost including freight, duty, and hidden fees, then attack it line by line

Run a simple, repeatable monthly procurement review that controls spend and supplier risk

Curriculum Preview

Inside the curriculum: a structured path from fundamentals to execution.

Preview the course structure, see how the modules build on one another, and understand the path this program is designed to take you through.

Module 1

Module 1: Choosing Suppliers You Can Actually Rely On

Move from picking the cheapest quote to scoring vendors on total value, and learn how to qualify a supplier before you ever place a real order.

3 lessons

Why the Cheapest Quote Is Usually the Most ExpensiveContent · 45 min

Preview Enabled

Building a Weighted Vendor ScorecardContent · 45 min

LMS Access

Qualifying a Supplier Before You CommitContent · 45 min

LMS Access

Module 2

Module 2: Running Purchase Orders That Prevent Disputes

Replace casual email orders with proper purchase orders and agreements that protect you on price, quality, and timing.

3 lessons

Anatomy of a Purchase Order That Holds UpContent · 45 min

LMS Access

Payment Terms, Incoterms, and Who Pays for WhatContent · 45 min

LMS Access

The Three-Way Match and Receiving GoodsContent · 45 min

LMS Access

Module 3

Module 3: Planning Around Lead Time So You Never Stock Out

Turn lead time from a guess into a number, then use reorder points and safety stock to keep best sellers in stock without overbuying.

3 lessons

Mapping and Shortening Your Real Lead TimeContent · 45 min

LMS Access

Reorder Points and Safety Stock by the NumbersContent · 45 min

LMS Access

Order Quantity and the Cost of Holding StockContent · 45 min

LMS Access

Module 4

Module 4: Cutting Cost and Managing Supplier Risk

Calculate true landed cost, focus your effort with ABC analysis and the Kraljic matrix, and run a monthly review that keeps spend and supplier risk under control.

3 lessons

Calculating True Landed CostContent · 45 min

LMS Access

Focusing Effort with ABC Analysis and the Kraljic MatrixContent · 45 min

LMS Access

Negotiation and the Monthly Procurement ReviewContent · 45 min

LMS Access

Built for Application

A complete learning path, not a one-off inspiration hit.

This program is designed around progression: focused lessons, structured modules, applied resources, assessments, and a course rhythm that turns information into usable capability.

procurementvendor selectionpurchase orderslead time planninginventory managementlanded costreorder pointsupplier management