Compare Costs: Smart Procurement for Success is an essential course for any professional involved in purchasing who aims to make truly informed, data-driven decisions. The lowest price on a quote is rarely the lowest total cost. This course equips you with the analytical framework to see beyond the sticker price and calculate the Total Landed Cost—including all the hidden fees like shipping, duties, and insurance that impact your bottom line.
Compare Costs: Smart Procurement for Success
Gain next-level skills with Coursera Plus for $199 (regularly $399). Save now.
Compare Costs: Smart Procurement for Success
This course is part of Procurement & Sourcing Operations Specialization
Instructor: LearningMate
Included with
Gain insight into a topic and learn the fundamentals.
Beginner level
Recommended experience
1 hour to complete
Flexible schedule
Learn at your own pace
What you'll learn
Effectively identify total landed costs associated with procurement decisions, enabling informed purchasing choices.
Skills you'll gain
Details to know
Shareable certificate
Add to your LinkedIn profile
Recently updated!
January 2026
Taught in English
See how employees at top companies are mastering in-demand skills
Build your subject-matter expertise
This course is part of the Procurement & Sourcing Operations Specialization
When you enroll in this course, you'll also be enrolled in this Specialization.
- Learn new concepts from industry experts
- Gain a foundational understanding of a subject or tool
- Develop job-relevant skills with hands-on projects
- Earn a shareable career certificate
There are 2 modules in this course
This module moves beyond the initial product or service price to uncover the full financial picture of a procurement decision. We explore why focusing only on the unit price can lead to costly mistakes.. You will learn what the key components of Total Landed Cost are—from freight and duties to insurance and fees. You will then learn how to identify these elements in supplier documentation. The module concludes as you apply this knowledge to deconstruct a sample quote and assess your understanding, building a solid foundation for accurate cost analysis.
What's included
2 videos1 reading1 assignment
This module provides the practical tools to transform raw data into smart decisions. You will learn why a standardized comparison matrix is essential for fair and efficient evaluation. We will break down what a best-practice matrix includes and how to build one in a spreadsheet. Through a step-by-step screencast, you will learn to apply conditional formatting to instantly visualize the lowest cost and flag non-compliant bids. You will apply your skills in a dialogue to defend your supplier choice before being assessed in a final project where you conduct a complete cost analysis.
What's included
3 videos1 reading2 assignments
Earn a career certificate
Add this credential to your LinkedIn profile, resume, or CV. Share it on social media and in your performance review.
Instructor
Offered by
Explore more from Finance
Status: Free TrialAirbus Beyond
Status: Free Trial
Status: Free Trial
Status: Free TrialCoursera
Why people choose Coursera for their career
Felipe M.
Learner since 2018
"To be able to take courses at my own pace and rhythm has been an amazing experience. I can learn whenever it fits my schedule and mood."
Jennifer J.
Learner since 2020
"I directly applied the concepts and skills I learned from my courses to an exciting new project at work."
Larry W.
Learner since 2021
"When I need courses on topics that my university doesn't offer, Coursera is one of the best places to go."
Chaitanya A.
"Learning isn't just about being better at your job: it's so much more than that. Coursera allows me to learn without limits."
Open new doors with Coursera Plus
Unlimited access to 10,000+ world-class courses, hands-on projects, and job-ready certificate programs - all included in your subscription
Advance your career with an online degree
Earn a degree from world-class universities - 100% online
Join over 3,400 global companies that choose Coursera for Business
Upskill your employees to excel in the digital economy
Frequently asked questions
To access the course materials, assignments and to earn a Certificate, you will need to purchase the Certificate experience when you enroll in a course. You can try a Free Trial instead, or apply for Financial Aid. The course may offer 'Full Course, No Certificate' instead. This option lets you see all course materials, submit required assessments, and get a final grade. This also means that you will not be able to purchase a Certificate experience.
When you enroll in the course, you get access to all of the courses in the Specialization, and you earn a certificate when you complete the work. Your electronic Certificate will be added to your Accomplishments page - from there, you can print your Certificate or add it to your LinkedIn profile.
Yes. In select learning programs, you can apply for financial aid or a scholarship if you can’t afford the enrollment fee. If fin aid or scholarship is available for your learning program selection, you’ll find a link to apply on the description page.
More questions
Financial aid available,
¹ Some assignments in this course are AI-graded. For these assignments, your data will be used in accordance with Coursera's Privacy Notice.