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Don Klock

After a warm Welcome to the Global Procurement and Sourcing Specialization, I will provide a brief introduction to the specialization and its courses covering the following:

-Instructor Biography

-Who should take this course

-Flow of the course

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After a warm Welcome to the Global Procurement and Sourcing Specialization, I will provide a brief introduction to the specialization and its courses covering the following:

-Instructor Biography

-Who should take this course

-Flow of the course

Following the introduction, the student will get the opportunity to learn about some of the current challenges facing procurement and sourcing professionals today through reading ten current articles ranging from what is procurement to how to collaborate with suppliers. These articles/knowledge will be a foundation for later courses on how to use tools, processes and improve skills to address many of these opportunities. There will be a brief assessment (true/false) of your knowledge gained from these articles.

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What's inside

Syllabus

Welcome & Course Introduction
Ten Good Articles To Read

Good to know

Know what's good
, what to watch for
, and possible dealbreakers
Covers essential procurement concepts relevant to industry professionals
Introduces current challenges facing procurement professionals, providing context for further learning
Guides students through foundational articles on procurement, building a knowledge base

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Reviews summary

Procurement and sourcing fundamentals

Learners say this course offers engaging assignments and excellent readings that are easy to understand. Procurement & Sourcing Introduction covers the basics of procurement and global sourcing. It goes over the roles of both procurement and sourcing, as well as: - Supplier partnerships - Ethics - Global strategies The experienced instructor provides practical examples from his own experiences, making the course material relatable and applicable to real-world scenarios. Overall, learners say this course is a great introduction to procurement and sourcing.
The course offers valuable introductory information.
"Excellent course, easy to understand and make learning a truly global experience"
"The course is very informative and very valuable. I am very excited to complete the other specialization courses."
"It was great and fascinating course. All material was introduce easy way to understand."
"Very interesting course as an introduction fir. procurement it enrich your knowledge and teach you important terms and the difference between them."
Instructor is highly qualified and passionate about the subject.
"Excellent Course! It helped me a lot in securing a promotion."
"Gives a basic and to the point intro to the Procurement role."
"It is a very good Introduction course but better complete the full Global procurement and Sourcing specialization"
"Great intro into Procurement. I would like more terms defined and more examples though."
Articles are insightful and provide a good overview of core competencies.
"I like the idea that you can manage your own time to move forward with your course."
"The course is very clear and straightforward. The instructor is great and very informative."
"Very Insightful course on the various of Procurmement and Sourcing with some live scenarios."
"The depth of the readings was manageable. I enjoy reading at my own pace rather than listening to video lectures."
The course lacks videos and more interactive elements.
"Makes the course easy to understand with practical experience which gives one a feel of the course."
"Going deep in Supply Chain and Procurement filed with this essential course which build the basic topics for this career."
"The depth of the readings was manageable."
"Great course. Don Klock is a natural teacher."
There is too much reading and not enough videos.
"I so much like this course, and I had gained a lot since I have started this program, I also wish to further in the remaining program."
"Great course. Don Klock is a natural teacher."
"I have already learned quite a bit from taking just the intro to this course."
"Great introductory course to the Procurement & Sourcing world."

Activities

Be better prepared before your course. Deepen your understanding during and after it. Supplement your coursework and achieve mastery of the topics covered in Procurement & Sourcing Introduction with these activities:
Review introductory procurement courses
Review previously learned procurement and sourcing concepts to refresh your memory in preparation for this course.
Browse courses on Procurement
Show steps
  • Go over your old lecture notes and assignments
  • Review some of the old textbooks if needed
  • Go online and search for procurement and sourcing articles
  • View some free online videos on procurement and sourcing
Organize and Review Course Materials
Improve retention and understanding by organizing and reviewing course materials regularly.
Browse courses on Note taking
Show steps
  • Organize course materials into a logical structure.
  • Review materials regularly, identifying key concepts and summarizing ideas.
Procurement Case Study Discussion
Learn from and share insights with peers by discussing real-world procurement case studies.
Show steps
  • Read a case study and identify the key issues.
  • Discuss the case study with a peer group, sharing different perspectives and potential solutions.
Four other activities
Expand to see all activities and additional details
Show all seven activities
Develop a Procurement Plan
Apply the concepts of procurement planning to a real-world scenario.
Show steps
  • Identify the procurement needs of an organization.
  • Develop a procurement strategy to meet those needs.
  • Create a detailed procurement plan.
Contribute to an Open Source Procurement Platform
Gain practical experience and contribute to the procurement community by participating in open source projects.
Show steps
  • Find an open source procurement platform to contribute to.
  • Identify an area where you can make a contribution.
  • Contribute code, documentation, or other resources to the project.
Negotiation Simulations
Develop and practice negotiation skills in a simulated procurement environment.
Browse courses on Negotiation Skills
Show steps
  • Prepare for a negotiation by researching the supplier and identifying your objectives.
  • Engage in a negotiation simulation with a peer or mentor.
Procurement Hackathon
Challenge yourself and collaborate with others to develop innovative procurement solutions.
Browse courses on Innovation
Show steps
  • Form a team and identify a procurement challenge.
  • Develop a solution and create a prototype.
  • Present your solution at a hackathon.

Career center

Learners who complete Procurement & Sourcing Introduction will develop knowledge and skills that may be useful to these careers:
Procurement and Sourcing Manager
Procurement and Sourcing Managers are responsible for managing the procurement and sourcing function for their organizations. They work with suppliers, manufacturers, and distributors to ensure that products and services are delivered on time and at the right cost. This course can help Procurement and Sourcing Managers by providing them with a foundation in the principles of procurement and sourcing. The course covers topics such as supplier selection, contract negotiation, and inventory management. This knowledge can help Procurement and Sourcing Managers to improve their efficiency and effectiveness.
Procurement Specialist
Procurement Specialists are responsible for sourcing and purchasing goods and services for their organizations. They work with suppliers to negotiate contracts, manage inventory, and ensure compliance with regulations. This course can help Procurement Specialists by providing them with a foundation in the principles of procurement and sourcing. The course covers topics such as supplier selection, contract negotiation, and inventory management. This knowledge can help Procurement Specialists to make better decisions and improve their efficiency.
Sourcing Analyst
Sourcing Analysts work with organizations to identify and qualify suppliers. They develop and manage supplier relationships and negotiate contracts. This course can help Sourcing Analysts by providing them with a foundation in the principles of procurement and sourcing. The course covers topics such as supplier selection, contract negotiation, and inventory management. This knowledge can help Sourcing Analysts to improve their efficiency and effectiveness.
Supplier Relationship Manager
Supplier Relationship Managers work with suppliers to build and maintain relationships. They work to ensure that suppliers are meeting the needs of the organization and that the organization is getting the best possible value from its suppliers. This course can help Supplier Relationship Managers by providing them with a foundation in the principles of procurement and sourcing. The course covers topics such as supplier selection, contract negotiation, and inventory management. This knowledge can help Supplier Relationship Managers to build stronger relationships with suppliers and improve the efficiency and effectiveness of the procurement process.
Purchasing Manager
Purchasing Managers are responsible for overseeing the procurement of goods and services for their organizations. They work with suppliers to negotiate contracts, ensure quality, and manage inventory. This course can help Purchasing Managers by providing them with a foundation in the principles of procurement and sourcing. The course covers topics such as supplier selection, contract negotiation, and inventory management. This knowledge can help Purchasing Managers to make better decisions and improve their efficiency.
Operations Manager
Operations Managers are responsible for overseeing the day-to-day operations of their organizations. They work with employees, suppliers, and customers to ensure that products and services are delivered on time and at the right cost. This course can help Operations Managers by providing them with a foundation in the principles of procurement and sourcing. The course covers topics such as supplier selection, contract negotiation, and inventory management. This knowledge can help Operations Managers to improve their efficiency and effectiveness.
Supply Chain Manager
Supply Chain Managers are responsible for overseeing the flow of goods and services from suppliers to customers. They work with suppliers, manufacturers, and distributors to ensure that products are delivered on time and at the right cost. This course can help Supply Chain Managers by providing them with a foundation in the principles of procurement and sourcing. The course covers topics such as supplier selection, contract negotiation, and inventory management. This knowledge can help Supply Chain Managers to improve their efficiency and effectiveness.
Logistics Manager
Logistics Managers are responsible for planning and coordinating the movement of goods and services. They work with suppliers, carriers, and customers to ensure that products are delivered on time and at the right cost. This course can help Logistics Managers by providing them with a foundation in the principles of procurement and sourcing. The course covers topics such as supplier selection, contract negotiation, and inventory management. This knowledge can help Logistics Managers to improve their efficiency and effectiveness.
Project Manager
Project Managers are responsible for planning, organizing, and executing projects. They work with stakeholders to ensure that projects are completed on time, within budget, and to the required quality. This course can help Project Managers by providing them with a foundation in the principles of procurement and sourcing. The course covers topics such as supplier selection, contract negotiation, and inventory management. This knowledge can help Project Managers to improve their efficiency and effectiveness.
Business Analyst
Business Analysts work with organizations to identify and solve business problems. They use data analysis and other techniques to develop solutions that improve efficiency and effectiveness. This course can help Business Analysts by providing them with a foundation in the principles of procurement and sourcing. The course covers topics such as supplier selection, contract negotiation, and inventory management. This knowledge can help Business Analysts to better understand the procurement process and develop solutions that improve the efficiency and effectiveness of their organizations.
Consultant
Consultants provide advice and guidance to organizations on a variety of topics, including procurement and sourcing. They work with clients to identify areas for improvement and develop solutions. This course can help Consultants by providing them with a foundation in the principles of procurement and sourcing. The course covers topics such as supplier selection, contract negotiation, and inventory management. This knowledge can help Consultants to provide better advice to their clients.
Compliance Officer
Compliance Officers ensure that organizations comply with laws and regulations. They work with stakeholders to develop and implement compliance programs. This course can help Compliance Officers by providing them with a foundation in the principles of procurement and sourcing. The course covers topics such as supplier selection, contract negotiation, and inventory management. This knowledge can help Compliance Officers to better understand the procurement process and develop programs to ensure compliance with laws and regulations.
Auditor
Auditors review and evaluate financial records to ensure accuracy and compliance with regulations. They work with organizations to identify areas for improvement and develop solutions. This course can help Auditors by providing them with a foundation in the principles of procurement and sourcing. The course covers topics such as supplier selection, contract negotiation, and inventory management. This knowledge can help Auditors to better understand the procurement process and develop solutions that improve the financial performance of their organizations.
Risk Manager
Risk Managers identify and assess risks to organizations and develop strategies to mitigate those risks. They work with stakeholders to ensure that risks are managed effectively. This course can help Risk Managers by providing them with a foundation in the principles of procurement and sourcing. The course covers topics such as supplier selection, contract negotiation, and inventory management. This knowledge can help Risk Managers to better understand the procurement process and develop strategies to mitigate risks associated with procurement.
Financial Analyst
Financial Analysts provide advice and guidance to organizations on financial matters. They work with clients to identify areas for improvement and develop solutions. This course can help Financial Analysts by providing them with a foundation in the principles of procurement and sourcing. The course covers topics such as supplier selection, contract negotiation, and inventory management. This knowledge can help Financial Analysts to better understand the procurement process and develop solutions that improve the financial performance of their organizations.

Reading list

We've selected ten books that we think will supplement your learning. Use these to develop background knowledge, enrich your coursework, and gain a deeper understanding of the topics covered in Procurement & Sourcing Introduction.
Comprehensive guide to purchasing and supply chain management. It covers all aspects of the field, from strategic planning to operational execution. It valuable resource for students, practitioners, and researchers.
Provides a practical guide to procurement and supply chain management. It covers all aspects of the field, from strategic planning to operational execution. It valuable resource for practitioners and researchers.
Provides a comprehensive overview of the supply chain management field. It covers all aspects of the field, from strategic planning to operational execution. It valuable resource for students, practitioners, and researchers.
Provides a comprehensive overview of the procurement and supply chain management field. It covers all aspects of the field, from strategic planning to operational execution. It valuable resource for students, practitioners, and researchers.
Provides a practical guide to supply chain management. It covers all aspects of the field, from strategic planning to operational execution. It valuable resource for practitioners and researchers.
Provides a cross-industry overview of the procurement and supply chain management field. It covers all aspects of the field, from strategic planning to operational execution. It valuable resource for students, practitioners, and researchers.
Provides a textbook overview of the supply chain management field. It covers all aspects of the field, from strategic planning to operational execution. It valuable resource for students, practitioners, and researchers.

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