Course Summary
Learn how to optimize your procurement strategy through the practice of strategic sourcing. This course covers key concepts, tools, and techniques that will help you manage your supply chain more efficiently and effectively.Key Learning Points
- Understand the basics of strategic sourcing and its role in procurement
- Learn how to identify and assess potential suppliers
- Develop negotiation and contract management skills
- Explore strategies for managing supplier relationships and measuring performance
Related Topics for further study
Learning Outcomes
- Understand the key principles of strategic sourcing
- Develop skills in supplier identification, selection, and management
- Effectively negotiate contracts and manage supplier relationships
Prerequisites or good to have knowledge before taking this course
- Basic understanding of procurement and supply chain management
- Familiarity with Microsoft Excel
Course Difficulty Level
IntermediateCourse Format
- Online
- Self-paced
Similar Courses
- Supply Chain Management Fundamentals
- Operations Management: Strategy and Quality Management for the Digital Age
- Globalization of Business Enterprise
Related Education Paths
Notable People in This Field
- David Procurement
- Supply Chain Brain
- Procurement Leaders
Related Books
Description
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
This course learnings will be supported videos, readings a a required case with peer review.
Knowledge
- L​earn and understand the various steps in a "proven" 7-step Strategic Sourcing Process
- B​e able to discuss why it is important for the procurement department, your stakeholders and why one should follow a strategic sourcing process
Outline
- Welcome & Strategic Sourcing-Part 1
- Welcome to Course 3
- Strategic Sourcing-Part 1
- What is the Kraljic Matrix
- The 7-Step Strategic Sourcing Process
- Strategic Sourcing-Part 2
- Strategic Sourcing-Part 2
- Strategic Sourcing-a Key Process of Category Management and Key Success Factors
- Strategic Sourcing-Part 3
- Strategic Sourcing-Part 3
- Understanding the What, Why & How of Strategic Sourcing
- Case: Developing Purchasing and Supply Strategies At Federal Delivery
Summary of User Reviews
Discover the best strategic sourcing practices with this comprehensive course on Coursera. Students have highly recommended this course for its practical approach and insightful lessons on procurement and supply chain management.Key Aspect Users Liked About This Course
Many users found the real-world case studies and hands-on exercises to be highly engaging and valuable for their day-to-day work in the industry.Pros from User Reviews
- Practical, real-world applications of strategic sourcing principles
- Insightful lessons on procurement and supply chain management
- Engaging case studies and hands-on exercises
Cons from User Reviews
- Some students felt that the course could have gone more in-depth on certain topics
- A few users found the course materials to be a bit dated
- A handful of students reported technical issues with the online platform
Don Klock
4.7 Raiting
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