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
Supply Chains are made up of a network of companies from the initial raw materials to the ultimate consumer of the finished product. Within this network of companies, there are three ongoing flows: products, information, and finances. To properly understand and manage the supply chain, you need to understand all the flows. If you do not consider all of the flows, you will miss opportunities or sub-optimize parts of the supply chain.
The second of five courses in this specialization will focus on Sourcing Excellence. You will learn how the inbound flow of products, information, and finances into the company facilitates the supply chain. It will consist of four modules, which will cover the following topics: core sourcing elements; inbound information flow; supply chain financing; and finally the capstone case study.
You will have lectures, readings, and discussions with your peers for each topic, as well as a practice quiz in each lesson. At the end of each module, you can put your knowledge to the test and take a graded quiz. The Capstone Analysis module contains a real-life case analysis, as well as a supply chain management project that will enable you to be an expert on a company of your choosing.
Sourcing manages the flow of raw materials that are required for the company to build its products. The main goals are to understand the main decision points of products entering the firm, as well as procurement decisions. The module is made up of three lessons: 1. Raw Material Inventories, 2. Quality, 3. Procurement Excellence. This is the second course in the Supply Chain Excellence Specialization.
Four Rules for Managing Inventory Better•10 minutes
A Culture of Quality Through Supplier Quality Management•10 minutes
Purchasing Must Become Supply Management•10 minutes
Procurement Best Practices•10 minutes
McDonald's and Coke Relationship•15 minutes
The Purpose•5 minutes
The Company•5 minutes
The Deliverables•15 minutes
4 assignments•Total 120 minutes
Raw Materials Inventory•20 minutes
Supplier Quality•20 minutes
Procurement Excellence•20 minutes
Inbound Product Flow Quiz•60 minutes
4 discussion prompts•Total 50 minutes
Describe Inventory Collaboration with Suppliers•15 minutes
Supplier Scorecards•15 minutes
Discuss Supplier Management Approaches•10 minutes
Project Company Choice•10 minutes
Module 2: Sourcing Information Systems and Forecasting
Module 2•8 hours to complete
Module details
This module will introduce you to procure-to-pay systems, which are one of the most popular types of systems companies are currently implementing. The other part of the module features some hands-on work. We will go over forecasting algorithms. If you had experience with forecasting or have successfully completed the Supply Chain Planning course, this will be a repetition and you can just skip to the quiz. Otherwise, it will be a nice introduction to forecasting.
Everything you should look for in a P2P solution•15 minutes
SAP to Expand Cloud Presence With Acquisition of Ariba•10 minutes
Naive Forecast Example•10 minutes
Naive Forecast Solution•5 minutes
Cumulative Mean Example•10 minutes
Cumulative Mean Solution•5 minutes
Naive Method and Cumulative Mean Quiz Instructions•20 minutes
Notes on Forecast Accuracy Measures•15 minutes
Forecast Accuracy Solution•15 minutes
Forecast Accuracy Quiz Instructions•20 minutes
Moving Average Notes•10 minutes
About Rounding•10 minutes
Moving Average Solution•5 minutes
Moving Average Quiz Instructions•20 minutes
Forecasting Best Practices•30 minutes
8 assignments•Total 175 minutes
Procure-to-Pay Systems Quiz•15 minutes
Naive Forecast Practice Quiz•10 minutes
Cumulative Mean Practice Quiz•30 minutes
Forecast Accuracy Practice Quiz•30 minutes
Moving Average Practice Quiz•30 minutes
Naive Forecast and Cumulative Mean Assessment•30 minutes
Forecast Accuracy•10 minutes
Moving Average•20 minutes
1 peer review•Total 60 minutes
Selecting the Best Forecasting Method•60 minutes
1 discussion prompt•Total 15 minutes
SAP-Ariba Merger•15 minutes
Module 3: Supply Chain Financing
Module 3•6 hours to complete
Module details
In this module, we will cover financial flows with suppliers. This includes how companies are trying to preserve their capital by extending payment terms, a tool called supply chain finance that can help provide liquidity in supply chains, and an overview of payment practices.
Reducing the cash conversion cycle through effective working capital management•15 minutes
Big Companies Pay Later, Squeezing Their Suppliers•10 minutes
Supplier Pay Announcement•10 minutes
Supplier Pay•10 minutes
Who Pays Best?•10 minutes
The Payment Practices Index•10 minutes
Advanced Forecasting•10 minutes
Trended and Seasonal Quiz Instructions•60 minutes
5 assignments•Total 132 minutes
DPO Extension•30 minutes
Supply Chain Finance•12 minutes
Payment Practices•30 minutes
Financial Flows with Suppliers•30 minutes
Trended and Seasonal Forecasting Quiz•30 minutes
3 discussion prompts•Total 45 minutes
To extend or not to extend?•15 minutes
Supplier Pay•15 minutes
Payment Practices Index•15 minutes
Module 4: Sourcing Excellence Capstone
Module 4•4 hours to complete
Module details
Now that we have reached the end of this course, it is time to put all of your new knowledge to the test. Not only will you be able to take a second attempt at your SCM project by improving your original submission and adding a new section on information flow. Finally, you will perform a quantitative analysis of a real-life business case and suggest improvements.
What's included
1 reading2 peer reviews
Show info about module content
1 reading•Total 30 minutes
Chatram Case Reading and Data•30 minutes
2 peer reviews•Total 180 minutes
Part 1 - Peer Feedback•60 minutes
Chatram Case Study•120 minutes
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What will I get if I subscribe to this Specialization?
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.
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.