Have you ever wondered how companies manage relationships with their thousands of suppliers? Sourcing is an important part of managing a successful supply chain. This course introduces you to the exciting area of supply chain sourcing. Part of a broader specialization on Supply Chain Management, you will master the supplier selection process and supplier segmentation. At the completion of this course you will have the tools and techniques to find the right vendors and maintain the right relationship with any one of your existing suppliers.
This course is part of the Supply Chain Management Specialization
45,692 already enrolled
Offered By
Supply Chain Management SpecializationRutgers the State University of New JerseyAbout this Course
38,764 recent views
Flexible deadlines
Reset deadlines in accordance to your schedule.
Shareable Certificate
Earn a Certificate upon completion
100% online
Start instantly and learn at your own schedule.
Course 4 of 5 in the
Beginner Level
Approx. 12 hours to complete
English
Subtitles: Arabic, French, Portuguese (European), Italian, Vietnamese, German, Russian, English, Spanish
Skills you will gain
- Sourcing Best Practices
- Strategic Sourcing
- Supply Chain Sourcing
- Supply Chain
Flexible deadlines
Reset deadlines in accordance to your schedule.
Shareable Certificate
Earn a Certificate upon completion
100% online
Start instantly and learn at your own schedule.
Course 4 of 5 in the
Beginner Level
Approx. 12 hours to complete
English
Subtitles: Arabic, French, Portuguese (European), Italian, Vietnamese, German, Russian, English, Spanish
Syllabus - What you will learn from this course
3 hours to complete
Procurement, Purchasing, Supply Management, and Strategic Sourcing
Welcome to the exciting world of sourcing! This module introduces you to the professor who is teaching the courses in the Supply Chain Management Specialization. After completing this module you will be able to understand the different levels of sourcing: the act of purchasing, the work that is performed in a procurement department, how to differentiate different supplier categories with strategic sourcing, and how to elevate a firm's performance with strategic sourcing.
3 hours to complete
5 videos (Total 21 min), 3 readings, 1 quiz
2 hours to complete
Make versus Buy Decisions
In this module, you will review the principles of make versus buy decisions. What are the advantages and disadvantage of insourcing and outsourcing? We will review the risks and benefits of both, which will enable you to understand what goes into these decisions and why companies make them. In he assessment, you will review an outsourcing decision that a company or organization made and understand how it affects various stakeholders.
2 hours to complete
3 videos (Total 15 min), 2 readings, 1 quiz
3 hours to complete
Supplier Selection
In this module, you will see an overview supplier segmentation and what the advantages and disadvantages of single and multiple sourcing. Furthermore, you will review the implications of sourcing on the entire firm in an assessment.
3 hours to complete
2 videos (Total 10 min), 2 readings, 1 quiz
4 hours to complete
Sourcing Best Practices
In this module, we will review some best practices in sourcing and procure-to-pay systems which enable firms to automate and accelerate essential sourcing functions. In the assessment you will build a supplier evaluation system that you can use in your personal and professional lives.
4 hours to complete
2 videos (Total 8 min), 2 readings, 1 quiz
Reviews
- 5 stars78.60%
- 4 stars16.45%
- 3 stars3.36%
- 2 stars0.95%
- 1 star0.61%
TOP REVIEWS FROM SUPPLY CHAIN SOURCING
by BNFeb 14, 2021
Sehr guter Kurs mit verständlichen Praxisbeispielen! Die Artikel sind auch mega interessant und helfen die erworbene von Videos Kenntnisse zu erweitern! Vielen Dank!
by OGOct 2, 2021
I've learned alot from Sourcing and being Strategic about it. Partnerships, new technologies and focusing on critical items can help to reduce sourcing costs.
by MBJun 3, 2020
This course helps you establish good relationships with other companies, or how to manage all other relationships in the supply chain.
by ATJan 1, 2021
After completion of this course, one can have an idea about the purchase, procurement, and supplier relation, and risk evaluation is known.
About the Supply Chain Management Specialization
This Specialization is an introduction to the fascinating world of Supply Chain Management. When you complete the program you'll have a richer understanding of the complexities that companies are facing in today's global networked economy.
Frequently Asked Questions
When will I have access to the lectures and assignments?
What will I get if I subscribe to this Specialization?
Is financial aid available?
More questions? Visit the Learner Help Center.
