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.
Supply Chain Sourcing
Supply Chain Sourcing
This course is part of Supply Chain Management Specialization
Instructor: Rudolf Leuschner, Ph.D.
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4.7
(2,017 reviews)
Beginner level
No prior experience required
Flexible schedule
Approx. 12 hours
Learn at your own pace
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Assessments
1 assignment
Taught in English
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This course is part of the Supply Chain Management Specialization
When you enroll in this course, you'll also be enrolled in this Specialization.
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There are 4 modules in this course
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.
What's included
5 videos3 readings1 assignment3 discussion prompts
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.
What's included
3 videos2 readings1 peer review3 discussion prompts
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.
What's included
2 videos2 readings1 peer review4 discussion prompts
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.
What's included
2 videos2 readings1 peer review2 discussion prompts
Instructor
Instructor ratings
4.8 (349 ratings)
Recommended if you're interested in Business Strategy
Rutgers the State University of New Jersey
Rutgers the State University of New Jersey
Rutgers the State University of New Jersey
Rutgers the State University of New Jersey
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Learner reviews
4.7
2,017 reviews
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Showing 3 of 2017
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5
Reviewed on Sep 27, 2020
I liked this course besause it is very useful in supply chain, specially in supplier selection and segmentation, and te relationship we should keep with each one for a win-win.
AM
5
Reviewed on Dec 15, 2023
Provided an overall view of how sourcing works and how it can be maintained as well as helps boost productivity and profitability in an organization.
NP
4
Reviewed on Apr 17, 2019
Great course, could have benefitted from deeper dives and questions on the lessons and less articles to read and review but still great course and great teacher.
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