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Global Procurement in a Post Covid World

Don Klock

After a brief introduction, this course will first cover the on-going rational and challenges of worldwide sourcing. There were a lot of lesson learned as a result of Covid and the subsequent disruption of many supply chains. After reviewing the even more important topics of Supplier Quality and Risk Management, the course will cover three strategies to minimize risks: China +1, Near Shoring and Reshoring. Lastly, the very important topic of Total Cost of Ownership (TCO) is covered which is needed to evaluate these strategies.

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What's inside

Syllabus

Introduction to Course 3 Global Procurement in a Post Covid World
The Rational & Challenges of Worldwide Sourcing
Managing Supplier Quality & Overall Risk Management
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Traffic lights

Read about what's good
what should give you pause
and possible dealbreakers
Develops strategies to minimize risks related to global procurement
Taught by Don Klock, an expert on global procurement
Provides a comprehensive understanding of the challenges of global sourcing
Explores strategies to reduce risks related to global procurement
Requires learners to have a basic understanding of supply chain management
Covers topics that are relevant to professionals in the field of procurement

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Reviews summary

Navigating post-covid global procurement

According to students, 'Global Procurement in a Post Covid World' offers a highly relevant and timely overview of modern procurement challenges. Learners frequently praise its focus on actionable strategies like China +1, Near Shoring, and Reshoring, and the clear explanation of Total Cost of Ownership (TCO). The instructor's expertise and the course's ability to provide practical, real-world insights are consistently highlighted. While generally perceived as valuable for professionals seeking an update, some experienced learners note it can be somewhat introductory in certain areas, suggesting it's particularly strong for those seeking a solid foundation or a strategic refresh.
Earlier technical issues appear to be resolved in recent course iterations.
"I encountered some technical issues with the video playback in one module, which was frustrating. Perhaps it's improved now."
"Had no technical issues whatsoever, the platform worked seamlessly for me throughout the course."
"The videos loaded perfectly and the overall learning experience was smooth and uninterrupted."
Well-organized modules with helpful supplementary materials.
"The course structure is logical and easy to navigate, making the learning flow smoothly."
"The lectures were clear, and the accompanying PDFs for lectures were incredibly helpful for review."
"The quizzes were fair and effective in reinforcing key concepts, which I found very beneficial to my learning."
Instructor is knowledgeable, clear, and provides engaging lectures.
"The instructor clearly has deep practical experience and shares it effectively."
"The instructor's delivery is engaging and easy to follow, making complex topics accessible."
"I found the instructor to be very knowledgeable and they explained all the concepts clearly."
Provides practical strategies and TCO insights for decision-making.
"...provided actionable insights. The discussions around Total Cost of Ownership (TCO) really helped frame decision-making..."
"It helped me re-evaluate our company's sourcing strategy. The course does a good job of linking recent events to practical strategies."
"I learned how to apply useful strategies like China +1, Near Shoring, and Reshoring to minimize risks."
Addresses critical, current challenges in global procurement.
"Highly recommend this course for anyone in procurement. The sections on China +1, Near Shoring, and Reshoring strategies were incredibly relevant..."
"The course content is up-to-date and practical, addressing real-world scenarios post-Covid."
"The material is concise and directly applicable. I appreciated the focus on lessons learned from Covid and how it impacted global supply chains."
Offers a solid foundation, but may lack advanced depth for experts.
"While the course provides a solid foundation, I wished for slightly more depth in certain advanced topics."
"As someone with years of experience, I was hoping for more advanced frameworks or case studies. Good for beginners though, or those needing a quick refresh."
"I found the course quite basic. It felt more like an introduction than a deep dive into procurement strategy."

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 Global Procurement in a Post Covid World with these activities:
Review basic accounting principles
Ensure a strong foundation in accounting principles to support the TCO analysis.
Browse courses on Total Cost of Ownership (TCO)
Show steps
  • Review key accounting concepts such as debits, credits, and financial statements.
Review book: "Supply Chain Management: A Global Perspective"
Review the fundamentals of supply chain management and prepare for the course topics on sourcing and risk management.
View Supply Chain Logistics Management on Amazon
Show steps
  • Read Chapters 1-3 to gain an overview of supply chain management.
  • Read Chapters 11-15 to understand supplier quality and risk management.
Develop a Total Cost of Ownership (TCO) analysis for a potential sourcing decision
Reinforce the importance of considering all costs when making sourcing decisions.
Browse courses on Total Cost of Ownership (TCO)
Show steps
  • Identify all relevant costs associated with a potential sourcing decision, including purchase price, transportation, tariffs, and quality control.
  • Quantify the costs and estimate the total cost of ownership for each option.
  • Analyze the TCO results and make recommendations based on the findings.
Show all three activities

Career center

Learners who complete Global Procurement in a Post Covid World will develop knowledge and skills that may be useful to these careers:
Procurement Manager
Procurement Managers oversee the sourcing and purchasing of goods and services for organizations. This course would be helpful for Procurement Managers as it covers essential topics such as supplier quality and risk management, as well as strategies for minimizing risks in the post-Covid world, such as China +1, Near Shoring and Reshoring. Understanding these concepts can help Procurement Managers make informed decisions and optimize their procurement processes.
See salaries and explore the career path for Procurement Manager
Sourcing Manager
Sourcing Managers are responsible for identifying and selecting suppliers for goods and services. This course would be helpful for Sourcing Managers as it covers the rational and challenges of worldwide sourcing, as well as strategies for minimizing risks in the post-Covid world. Understanding these concepts can help Sourcing Managers develop effective sourcing strategies and build strong relationships with suppliers.
See salaries and explore the career path for Sourcing Manager
Supply Chain Manager
Supply Chain Managers oversee the flow of goods and services from suppliers to customers. This course would be helpful for Supply Chain Managers as it covers essential topics such as supplier quality and risk management, as well as strategies for minimizing risks in the post-Covid world. Understanding these concepts can help Supply Chain Managers optimize their supply chains and improve their overall efficiency.
See salaries and explore the career path for Supply Chain Manager
Purchasing Manager
Purchasing Managers are responsible for the day-to-day operations of purchasing goods and services. This course would be helpful for Purchasing Managers as it covers essential topics such as supplier quality and risk management, as well as strategies for minimizing risks in the post-Covid world. Understanding these concepts can help Purchasing Managers make informed decisions and optimize their purchasing processes.
See salaries and explore the career path for Purchasing Manager
Logistics Manager
Logistics Managers oversee the transportation and distribution of goods and services. This course would be helpful for Logistics Managers as it covers essential topics such as supplier quality and risk management, as well as strategies for minimizing risks in the post-Covid world. Understanding these concepts can help Logistics Managers optimize their logistics operations and improve their overall efficiency.
See salaries and explore the career path for Logistics Manager
Inventory Manager
Inventory Managers are responsible for managing the inventory of goods and materials. This course would be helpful for Inventory Managers as it covers essential topics such as supplier quality and risk management, as well as strategies for minimizing risks in the post-Covid world. Understanding these concepts can help Inventory Managers optimize their inventory management processes and improve their overall efficiency.
See salaries and explore the career path for Inventory Manager
Materials Manager
Materials Managers are responsible for the procurement and management of materials used in production. This course would be helpful for Materials Managers as it covers essential topics such as supplier quality and risk management, as well as strategies for minimizing risks in the post-Covid world. Understanding these concepts can help Materials Managers optimize their materials management processes and improve their overall efficiency.
See salaries and explore the career path for Materials Manager
Production Manager
Production Managers are responsible for overseeing the production of goods and services. This course would be helpful for Production Managers as it covers essential topics such as supplier quality and risk management, as well as strategies for minimizing risks in the post-Covid world. Understanding these concepts can help Production Managers optimize their production processes and improve their overall efficiency.
See salaries and explore the career path for Production Manager
Operations Manager
Operations Managers are responsible for the day-to-day operations of a business. This course would be helpful for Operations Managers as it covers essential topics such as supplier quality and risk management, as well as strategies for minimizing risks in the post-Covid world. Understanding these concepts can help Operations Managers optimize their operations and improve their overall efficiency.
See salaries and explore the career path for Operations Manager
Business Development Manager
Business Development Managers are responsible for developing new business opportunities for their organizations. This course may be useful for Business Development Managers as it covers essential topics such as supplier quality and risk management, as well as strategies for minimizing risks in the post-Covid world. Understanding these concepts can help Business Development Managers identify and develop new business opportunities.
See salaries and explore the career path for Business Development Manager
Sales Manager
Sales Managers are responsible for managing sales teams and achieving sales targets. This course may be useful for Sales Managers as it covers essential topics such as supplier quality and risk management, as well as strategies for minimizing risks in the post-Covid world. Understanding these concepts can help Sales Managers develop effective sales strategies and improve their overall performance.
See salaries and explore the career path for Sales Manager
Marketing Manager
Marketing Managers are responsible for developing and executing marketing campaigns. This course may be useful for Marketing Managers as it covers essential topics such as supplier quality and risk management, as well as strategies for minimizing risks in the post-Covid world. Understanding these concepts can help Marketing Managers develop effective marketing campaigns and improve their overall performance.
See salaries and explore the career path for Marketing Manager
Account Manager
Account Managers are responsible for managing relationships with key clients. This course may be useful for Account Managers as it covers essential topics such as supplier quality and risk management, as well as strategies for minimizing risks in the post-Covid world. Understanding these concepts can help Account Managers build strong relationships with clients and improve their overall performance.
See salaries and explore the career path for Account Manager
Project Manager
Project Managers are responsible for planning and executing projects. This course may be useful for Project Managers as it covers essential topics such as supplier quality and risk management, as well as strategies for minimizing risks in the post-Covid world. Understanding these concepts can help Project Managers develop effective project plans and improve their overall performance.
See salaries and explore the career path for Project Manager
Consultant
Consultants provide advice and guidance to organizations on a variety of topics. This course may be useful for Consultants as it covers essential topics such as supplier quality and risk management, as well as strategies for minimizing risks in the post-Covid world. Understanding these concepts can help Consultants provide valuable advice to their clients and improve their overall performance.
See salaries and explore the career path for Consultant

Reading list

We've selected six 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 Global Procurement in a Post Covid World.
Supply Chain Management
Save
Provides a comprehensive overview of supply chain management, with a focus on the strategic and operational aspects of managing a supply chain. It covers topics such as supply chain design, inventory management, and transportation management.
Supply Chain Management Revised, 7th Edition by...
Kindle Edition
$
Cover image
MATERIALS MANAGEMENT A SUPPLY CHAIN PERSPECTIVE
Save
A textbook commonly used in academic institutions and by industry professionals, this book provides a comprehensive overview of purchasing and supply chain management.
MATERIALS MANAGEMENT A SUPPLY CHAIN PERSPECTIVE:...
Kindle Edition
$
Cover image
Logistics and Supply Chain Management
Save
Provides a comprehensive overview of supply chain management, with a focus on the strategic and operational aspects of managing a supply chain. It covers topics such as supply chain design, inventory management, and transportation management.
Logistics and Supply Chain Management: Logistics &...
Paperback
$$$
Logistics and Supply Chain Management: Logistics &...
Kindle Edition
$$
Cover image
Inventory Strategy
Save
Provides a comprehensive overview of logistics and supply chain management, with a focus on the strategic and operational aspects of managing a supply chain. It covers topics such as transportation management, inventory management, and warehousing management.
Inventory Strategy: Maximizing Financial, Service...
Kindle Edition
$$$
Cover image
Essentials of Supply Chain Management
Save
Provides a comprehensive dictionary of procurement and supply chain management terms. It useful reference tool for anyone who works in the field of procurement or supply chain management.
Essentials of Supply Chain Management
Paperback
Check
Essentials of Supply Chain Management
Kindle Edition
Check
Cover image
CSCMP Certification Collection
Save
Provides a comprehensive glossary of supply chain management terms. It useful reference tool for anyone who works in the field of supply chain management.
CSCMP Certification Collection
Paperback
Check
CSCMP Certification Collection
Kindle Edition
Check

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Course image
Level
Intermediate
Via
Coursera
Institution
Rutgers the State University of New Jersey
Instructor
Don Klock
Language
English
This course belongs to a collection called Advanced Global Procurement and Sourcing. It's comprised of seven courses:
  1. Introduction and Course Outline
  2. Leveraging Technology to Achieve Results
  3. Procurement Organizations
  4. Global Procurement in a Post Covid World (viewing)
  5. Special Topics and Specialization Wrap-up
  6. Supplier Partnerships
  7. Commodity and Currency Hedging
Traffic lights
Read about what's good
what should give you pause
and possible dealbreakers
Develops strategies to minimize risks related to global procurement
Taught by Don Klock, an expert on global procurement
Provides a comprehensive understanding of the challenges of global sourcing
Explores strategies to reduce risks related to global procurement
Requires learners to have a basic understanding of supply chain management
Covers topics that are relevant to professionals in the field of procurement
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