About this course: 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.
Who is this class for: This course is for those looking to start a career in Supply Chain Management, but lack the basic background, for those working with people in Supply Chain Management and want to understand their daily challenges better, or for are fascinated by how the firms deal with their indispensable partners, their suppliers.
Created by: Rutgers the State University of New Jersey
Taught by: Rudolf Leuschner, Ph.D., Assistant Professor
Department of Supply Chain Management
| Basic Info | Course 4 of 5 in the Supply Chain Management Specialization |
| Level | Beginner |
| Language | English |
| How To Pass | Pass all graded assignments to complete the course. |
| User Ratings |
Syllabus
WEEK 1
Procurement, Purchasing, Supply Management, and Strategic Sourcing
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.
5 videos, 3 readings
- Reading: Is this course for me?
- Discussion Prompt: Introductions
- Discussion Prompt: What is your personal approach to procurement in every day life?
- Video: Purchasing
- Video: Procurement
- Video: Supply Management
- Reading: Purchasing Must Become Supply Management
- Video: Strategic Sourcing
- Discussion Prompt: Strategic Suppliers
- Reading: Coke and McDonald’s, Growing Together Since 1955
Graded: Purchasing and Procurement
WEEK 2
Make versus Buy Decisions
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.
3 videos, 2 readings
- Discussion Prompt: Make versus Buy Decisions we faced.
- Video: Why Should I Insource?
- Reading: From Superstorms to Factory Fires: Managing Unpredictable Supply-Chain Disruptions
- Discussion Prompt: Benefits of Insourcing
- Video: Why Should I Outsource?
- Discussion Prompt: Benefits of Outsourcing
- Reading: The Outsourcing Dilemma
Graded: Review an Outsourcing Decision
WEEK 3
Supplier Selection
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.
2 videos, 2 readings
- Discussion Prompt: Dimensions of Supplier Categories
- Video: Single versus Multiple Sourcing
- Discussion Prompt: Single Sourcing
- Reading: Don't Let Your Supply Chain Control Your Business
- Discussion Prompt: Don't Let your Supply Chain Control Your Business
- Discussion Prompt: The Outsourcing Debate
- Reading: Sourcing at Johnson & Johnson
Graded: How Sourcing affects the Company
WEEK 4
Sourcing Best Practices
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.
2 videos, 2 readings
- Discussion Prompt: Your Supplier Categories
- Video: Procure-to-Pay Systems
- Reading: Supplier Pay
- Discussion Prompt: Supplier Pay
- Reading: Don’t Tweak Your Supply Chain—Rethink It End to End
Graded: Supplier Evaluation Assessment
FAQs
How It Works
Coursework
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Creators
Rutgers the State University of New Jersey
Pricing
| Purchase Course | |
|---|---|
| Access to course materials | Available |
| Access to graded materials | Available |
| Receive a final grade | Available |
| Earn a shareable Course Certificate | Available |
Ratings and Reviews
I rate this course highly! I have learnt a great deal from it.
Great course and the assignments were fun
Great, eye opener
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