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.
Global Procurement and Sourcing Specialization
Global Procurement and Sourcing Specialization
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.
Instructor: Don Klock
Included with 
Get in-depth knowledge of a subject
(2,078 reviews)
Beginner level
No prior experience required
1 month at 10 hours a week
Flexible schedule
Earn a career credential
Share your expertise with employers
Get in-depth knowledge of a subject
(2,078 reviews)
Beginner level
No prior experience required
1 month at 10 hours a week
Flexible schedule
Earn a career credential
Share your expertise with employers
What you'll 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
Overview
Skills you'll gain
- Contract Management
- Supplier Performance Management
- Contract Negotiation
- Supplier Management
- Stakeholder Management
- Vendor Management
- Procurement
- Case Studies
- Purchasing
- Request for Proposal
- Market Analysis
- Strategic Sourcing
- Risk Management
- Request For Quotation (RFQ)
- Supply Management
- Business Ethics
- Supply Chain Management
- Negotiation
- Competitive Analysis
- Supplier Relationship Management
What’s included
Shareable certificate
Add to your LinkedIn profile
Taught in English
7 practice exercises
Advance your subject-matter expertise
- Learn in-demand skills from university and industry experts
- Master a subject or tool with hands-on projects
- Develop a deep understanding of key concepts
- Earn a career certificate from Rutgers the State University of New Jersey
Specialization - 7 course series
What you'll learn
Understand Course Flow and Requirements
Skills you'll gain
Procurement, Supplier Management, Supplier Relationship Management, Strategic Sourcing, Supply Chain Management, and Supply Management
What you'll learn
You will learn some basic definitions and discover why procurement is important to the firm
GI've you a "basic" flow of procurement processes
Learn the difference between Directs and Indirects
10 Key Ways to improve stakeholder (internal customers) management
Skills you'll gain
Request For Quotation (RFQ), Cost Reduction, Request for Proposal, Purchasing, Supply Chain Management, Stakeholder Management, Procurement, Supplier Management, and Case Studies
What you'll 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
Skills you'll gain
Strategic Sourcing, Request For Quotation (RFQ), Contract Management, Vendor Management, Request for Proposal, Procurement, Stakeholder Engagement, Supplier Management, Competitive Analysis, Supplier Relationship Management, Purchasing, and Supply Management
What you'll learn
Learn how to select and evaluate suppliers
Review various types of contracts, where they should be used and advantages and disadvantages
Understand how to mitigate risks
Understand some key ethical considerations in procurement
Skills you'll gain
Case Studies, Procurement, Operational Analysis, Risk Management, Supplier Performance Management, Supplier Relationship Management, Contract Management, Supply Chain Management, Vendor Management, Request For Quotation (RFQ), Strategic Sourcing, Performance Analysis, Supplier Management, and Business Ethics
What you'll learn
Learn & understand various tools and techniques to evaluate supply markets from three levels: Macro, Tactical, and Operational/Supplier level
Macro Level: PESTLE
Tactical Level: Supply Market Segmentation, 5-Forces Analysis, and Supply Chain Mapping
Operational/Supplier Level: Key Information Sources, SWOT, and Financial Analysis
Skills you'll gain
Supply Chain Planning, Case Studies, Supplier Management, Supply Chain Management, Peer Review, Business Strategy, Risk Analysis, Market Analysis, Financial Statements, Financial Analysis, Market Dynamics, and Competitive Analysis
What you'll learn
Learn when you should and should not negotiate
Learn the importance of planning and useful tools to improve your success: e.g. Setting Specific Objectives, MDOs, LAAs, and BANTA
Be able to recognize positions & interests, wants & needs, tactics and how to give concessions
What are the key steps to follow after the negotiation is complete
Skills you'll gain
Goal Setting, Procurement, Contract Negotiation, Business Research, Communication, Stakeholder Communications, Negotiation, and Strategic Sourcing
What you'll learn
Learn from the experts about the future of procurement
Rreview and undetand the key takeaways from courses 1 through 6.
Test your knowledge through the required final assessment
Skills you'll gain
Procurement, Strategic Sourcing, Risk Management, Supplier Relationship Management, Supply Management, and Supply Chain
Earn a career certificate
Add this credential to your LinkedIn profile, resume, or CV. Share it on social media and in your performance review.
Instructor
14 Courses81,555 learners
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Frequently asked questions
7 weeks
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.
It is recommenced that you take the courses in order as there is some building of knowledge throughout the courses.
More questions
Financial aid available,