Learn about Global Procurement and Sourcing. Reviews the key aspects of global procurement and sourcing, and the importance of procurement to the firm, its stakeholders, and suppliers.

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Don Klock

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Global Procurement and Sourcing SpecializationRutgers the State University of New Jersey

What you will learn

Why Procurement is important to the firm and it works within the firm

How to select and evaluate suppliers

Learn how to analyze supply markets

Iimprove your negotiation skills and thereby improve your outcomes

Skills you will gain

Negotiation
Contracts

About this Specialization

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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.

Applied Learning Project

In addition to the videos, readings, and podcast, learners will use their learned knowledge and newly acquired skills to solve/answer questions for "real" life cases. These cases are required and will be assessed by a Peer group. The last case in the Negotiation course, the student has an additional option to answer not only as a buyer but as a seller. That will bring more of a "real" life negotiation.

Shareable Certificate

Earn a Certificate upon completion

100% online courses

Start instantly and learn at your own schedule.

Flexible Schedule

Set and maintain flexible deadlines.

Beginner Level

No prior experience required.

Approximately 7 months to complete

Suggested pace of 2 hours/week

English

Subtitles: English, Arabic, French, Portuguese (European), Italian, Vietnamese, German, Russian, Spanish, Javanese

Shareable Certificate

Earn a Certificate upon completion

100% online courses

Start instantly and learn at your own schedule.

Flexible Schedule

Set and maintain flexible deadlines.

Beginner Level

No prior experience required.

Approximately 7 months to complete

Suggested pace of 2 hours/week

English

Subtitles: English, Arabic, French, Portuguese (European), Italian, Vietnamese, German, Russian, Spanish, Javanese

How the Specialization Works

Take Courses

A Coursera Specialization is a series of courses that helps you master a skill. To begin, enroll in the Specialization directly, or review its courses and choose the one you'd like to start with. When you subscribe to a course that is part of a Specialization, you’re automatically subscribed to the full Specialization. It’s okay to complete just one course — you can pause your learning or end your subscription at any time. Visit your learner dashboard to track your course enrollments and your progress.

Hands-on Project

Every Specialization includes a hands-on project. You'll need to successfully finish the project(s) to complete the Specialization and earn your certificate. If the Specialization includes a separate course for the hands-on project, you'll need to finish each of the other courses before you can start it.

Earn a Certificate

When you finish every course and complete the hands-on project, you'll earn a Certificate that you can share with prospective employers and your professional network.

There are 7 Courses in this Specialization

Course1

Course 1

Procurement & Sourcing Introduction

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867 ratings

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212 reviews

After a warm Welcome to the Global Procurement and Sourcing Specialization, I will provide a brief introduction to the specialization and its courses covering the following:

-Instructor Biography -Who should take this course -Flow of the course Following the introduction, the student will get the opportunity to learn about some of the current challenges facing procurement and sourcing professionals today through reading ten current articles ranging from what is procurement to how to collaborate with suppliers. These articles/knowledge will be a foundation for later courses on how to use tools, processes and improve skills to address many of these opportunities. There will be a brief assessment (true/false) of your knowledge gained from these articles.

Course2

Course 2

Procurement Basics

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290 ratings

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53 reviews

This Course includes basic information on procurement, Importance of the procurement organization and its’ role in the organization, cost vs. value, processes such as the use of RFQ, RFP, RFX, Differences between direct and indirect procurement, and Stakeholder management

Course3

Course 3

Strategic Sourcing

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stars

145 ratings

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29 reviews

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

Course4

Course 4

Supplier Management

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stars

136 ratings

•

32 reviews

This course will cover Supplier Selection and Evaluation, Contract Management, Quality & Risk Management, and Ethics.

One of the important decisions that a Procurement professional makes is selecting the right supplier.We will cover how to evaluate suppliers, using a very simple evaluation tool, to select the right suppliers. In contract management we will expose you to six different types of contracts that a procurement professional can consider for the contract. We will highlight 10 risk management strategies that will mitigate risks for your firm. Lastly, we will cover the very important topic of procurement ethics-what to do and not to do in ethically dealing with suppliers. In addition to the videos, there are reading materials, and two cases to support your learnings. Both cases will be assessed via a Peer Group.

Instructor

Don Klock

Adjunct Professor, Supply Chain Management

Rutgers Business School

28,451 Learners

7 Courses

Offered by

Rutgers the State University of New Jersey

Frequently Asked Questions

What is the refund policy?
If you subscribed, you get a 7-day free trial during which you can cancel at no penalty. After that, we don’t give refunds, but you can cancel your subscription at any time. See our full refund policy.
Can I just enroll in a single course?
Yes! To get started, click the course card that interests you and enroll. You can enroll and complete the course to earn a shareable certificate, or you can audit it to view the course materials for free. When you subscribe to a course that is part of a Specialization, you’re automatically subscribed to the full Specialization. Visit your learner dashboard to track your progress.
Is financial aid available?
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.
Can I take the course for free?
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. If you only want to read and view the course content, you can audit the course for free. If you cannot afford the fee, you can apply for financial aid.
Is this course really 100% online? Do I need to attend any classes in person?
This course is completely online, so there’s no need to show up to a classroom in person. You can access your lectures, readings and assignments anytime and anywhere via the web or your mobile device.
How long does it take to complete the Specialization?
7 weeks
What background knowledge is necessary?
None. Course is designed for new to middle management procurement professionals, but also valuable for more senior procurement professionals that want to "brush" up on some skills or maybe non-procurement people that just want to learn about procurement.
Do I need to take the courses in a specific order?
It is recommenced that you take the courses in order as there is some building of knowledge throughout the courses.
Will I earn university credit for completing the Specialization?
No, but you can, at your option, receive a Certificate if you pass all the assessments.
What will I be able to do upon completing the Specialization?
You can use this knowledge to increase your skills to either perform better in your current procurement job (hopefully which will lead to a promotion), or if a non-procurement person, you will have a better understanding of how procurement works, thereby increasing your overall performance in your existing job.

More questions? Visit the Learner Help Center.