This course will provide a detailed overview of a Strategic Sourcing Process (7 step Process): Profile the Category, Develop a Category Sourcing Strategy, Generate Supplier Profile, Choose Competitive Selection or Supplier Development, Select Supplier(s) and Negotiate, Implement, Continuous Improvement/Supplier Relationship Management
Offered By
Global Procurement and Sourcing SpecializationRutgers the State University of New JerseyAbout this Course
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Shareable Certificate
Earn a Certificate upon completion
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Start instantly and learn at your own schedule.
Course 3 of 7 in the
Flexible deadlines
Reset deadlines in accordance to your schedule.
Beginner Level
Approx. 6 hours to complete
English
Subtitles: French, Portuguese (European), Russian, English, Spanish
What you will learn
Learn and understand the various steps in a "proven" 7-step Strategic Sourcing Process
Be able to discuss why it is important for the procurement department, your stakeholders and why one should follow a strategic sourcing process
Shareable Certificate
Earn a Certificate upon completion
100% online
Start instantly and learn at your own schedule.
Course 3 of 7 in the
Flexible deadlines
Reset deadlines in accordance to your schedule.
Beginner Level
Approx. 6 hours to complete
English
Subtitles: French, Portuguese (European), Russian, English, Spanish
Offered by
Rutgers the State University of New Jersey
Syllabus - What you will learn from this course
1 hour to complete
Welcome & Strategic Sourcing-Part 1
1 hour to complete
2 videos (Total 18 min), 2 readings
2 readings
What is the Kraljic Matrix20m
The 7-Step Strategic Sourcing Process20m
1 hour to complete
Strategic Sourcing-Part 2
1 hour to complete
1 video (Total 6 min), 1 reading
1 video
1 reading
Strategic Sourcing-a Key Process of Category Management and Key Success Factors40m
4 hours to complete
Strategic Sourcing-Part 3
4 hours to complete
1 video (Total 7 min), 2 readings, 1 quiz
1 video
2 readings
Understanding the What, Why & How of Strategic Sourcing20m
Case: Developing Purchasing and Supply Strategies At Federal Delivery20m
Reviews
TOP REVIEWS FROM STRATEGIC SOURCING
by DDMay 21, 2020
Great course. Don Klock was straight to the point and informative. Excercises were terrific. One suggestion is to prescribe some standard textbooks for various topics discussed.
by GMJun 29, 2020
The course is really helpful. it gives you the basic knowledge of strategic sourcing. But as note, I think it would be better if provided some books references
by NLOct 1, 2020
Mr. Don Klock was straight to the point! Very interesting and comprehensive course. Looking forward to enrolling in more courses
by VGJan 10, 2021
Good and concise explanations videos, also very good reading articles.
About the Global Procurement and Sourcing Specialization
We will start with a “proven” model for Strategic Sourcing, then move on to the very important topic of Supplier Management. In Supplier Management, you will learn how to select and evaluate suppliers, implement appropriate contracts, and how to mitigate risks. In Supply Market Analysis, you will learn and understand various tools and techniques to evaluate supply markets. Lastly, the course will cover the very important topic of negotiation. Outside reading will be provided to reinforce your knowledge. In addition, case studies will be used to bring these learning to life, and assessment will be used to test your overall knowledge.
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