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Don Klock

This course will be the final course in the Global Procurement and Sourcing Specialization.

We will covering three things:

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This course will be the final course in the Global Procurement and Sourcing Specialization.

We will covering three things:

First, there will be a final set of readings of articles that are looking at the future of Strategic Procurement and Sourcing. While many of the articles differ in their point of view, all the authors focus on the continued important of procurement in the business world today.

Second, we will do a complete wrap-up and key takeaways for all of the courses. This will be an excellent review of what you learned in this specialization and will be helpful in the Final Assessment of the course.

Lastly, there will be a Required Final Assessment consisting of 40 multiple choice.

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What's inside

Syllabus

Welcome and Final Reading Assignments-A Strategic Perspective
Wrap-up & Final Assessment

Good to know

Know what's good
, what to watch for
, and possible dealbreakers
Covers emerging areas in strategic procurement, helping learners understand the field's current trends
Provides a comprehensive overview of strategic procurement and sourcing, making it suitable for learners from diverse backgrounds
Taught by Don Klock, an experienced professional in the field, ensuring learners gain industry insights
Requires completion of previous courses in the specialization, potentially limiting accessibility for some learners

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Reviews summary

Strategic procurement and sourcing essentials

Learners say that this Strategic Procurement and Sourcing course is excellent and well-rounded, providing insights and knowledge that are immediately applicable to their procurement roles. Learners especially appreciate the knowledgeable and passionate instructor, Don Klock. The course is a great choice for anyone wanting to learn about procurement and sourcing, especially those in a beginner or mid-level role.
Well-rounded content for beginners
"Excellent course for beginners in procurement. also gives insights of industry practices."
"As a mid-level manager, this learning has actually consolidated my experience and provided missing pieces for a more rounded knowledge of procurement."
"Very insightful course."
Practical and applicable knowledge
"The whole specialization , helped me to get insights of chances to improve, as well as increasing the quality of communication with my peers and upper management."
"This course definitely enhanced my knowledge in global sourcing and procurement. It has a lot to offer, and it's very engaging."
"With this course you obtain a really good overview about the critical points to develop and implement a strategic view in Procurement"
Knowledgeable and passionate instructor
"The Lecturer showed passion and is very knowledgeable in this area of specialization."
"Excellent Specialization for anyone involved in procurement."
"The finest course by the finest professor"
Repetitive reading assignments
"There was a ton of repetition in the reading assignments, which seems very inefficient for a SC course."
"The course user can use multiple choice and provide information on how to write answers. Very badly made the video where 25% of slide isn't visible and quiz no information how to write answers"

Activities

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  • Read through the course syllabus carefully.
  • Identify key concepts and learning objectives.
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Career center

Learners who complete Strategic Procurement and Sourcing Conclusions will develop knowledge and skills that may be useful to these careers:
Logistics Manager
A Logistics Manager is responsible for planning and managing the movement of goods and services. They work with suppliers, manufacturers, and logistics providers to ensure that products are delivered on time and at the right cost. This course can help you develop the skills you need to become a successful Logistics Manager, including strategic planning, negotiation, and supplier management. With the knowledge gained from this course, you will be able to develop and implement logistics strategies, manage supplier relationships, and ensure that the company is getting the best possible value for its money.
Materials Manager
A Materials Manager is responsible for managing the procurement and inventory of materials for a company. They work with suppliers to negotiate prices and ensure that the company has the materials it needs to operate. This course can help you develop the skills you need to become a successful Materials Manager, including strategic planning, negotiation, and supplier management. With the knowledge gained from this course, you will be able to develop and implement materials management strategies, manage supplier relationships, and ensure that the company is getting the best possible value for its money.
Supply Chain Manager
A Supply Chain Manager is responsible for managing the flow of goods and services from suppliers to customers. They work with suppliers, manufacturers, and logistics providers to ensure that products are delivered on time and at the right cost. This course can help you develop the skills you need to become a successful Supply Chain Manager, including strategic planning, negotiation, and supplier management. With the knowledge gained from this course, you will be able to develop and implement supply chain strategies, manage supplier relationships, and ensure that the company is getting the best possible value for its money.
Procurement Manager
A Procurement Manager is responsible for overseeing the procurement process within a company. They work with suppliers to negotiate contracts, manage inventory, and ensure that the company has the resources it needs. This course can help you develop the skills you need to become a successful Procurement Manager, including strategic planning, negotiation, and supplier management. With the knowledge gained from this course, you will be able to develop and implement sourcing strategies, manage supplier relationships, and ensure that the company is getting the best possible value for its money.
Inventory Manager
An Inventory Manager is responsible for managing the inventory of a company. They track inventory levels, forecast demand, and place orders for new inventory. This course can help you develop the skills you need to become a successful Inventory Manager, including strategic planning, negotiation, and supplier management. With the knowledge gained from this course, you will be able to develop and implement inventory management strategies, manage supplier relationships, and ensure that the company is getting the best possible value for its money.
Chief Executive Officer
A Chief Executive Officer is responsible for the overall leadership and direction of a company. They work with suppliers to negotiate prices and ensure that the company is getting the best possible deal. This course can help you develop the skills you need to become a successful Chief Executive Officer, including strategic planning, negotiation, and supplier management. With the knowledge gained from this course, you will be able to develop and implement CEO strategies, manage supplier relationships, and ensure that the company is getting the best possible value for its money.
General Manager
A General Manager is responsible for overseeing the overall operations of a company. They work with suppliers to negotiate prices and ensure that the company is getting the best possible deal. This course can help you develop the skills you need to become a successful General Manager, including strategic planning, negotiation, and supplier management. With the knowledge gained from this course, you will be able to develop and implement general management strategies, manage supplier relationships, and ensure that the company is getting the best possible value for its money.
Purchasing Agent
A Purchasing Agent finds and buys products and materials for companies. They work with suppliers and vendors to negotiate prices and ensure that the company is getting the best possible deal. This course can help you develop the skills you need to become a successful Purchasing Agent, including strategic planning, negotiation, and supplier management. With the knowledge gained from this course, you will be able to identify and manage risks, develop and implement sourcing strategies, and build strong relationships with suppliers.
Cost Analyst
A Cost Analyst is responsible for analyzing the costs of a company. They work with suppliers to negotiate prices and ensure that the company is getting the best possible deal. This course can help you develop the skills you need to become a successful Cost Analyst, including strategic planning, negotiation, and supplier management. With the knowledge gained from this course, you will be able to develop and implement cost analysis strategies, manage supplier relationships, and ensure that the company is getting the best possible value for its money.
Project Manager
A Project Manager is responsible for planning and managing projects. They work with suppliers to negotiate prices and ensure that the project is completed on time and within budget. This course can help you develop the skills you need to become a successful Project Manager, including strategic planning, negotiation, and supplier management. With the knowledge gained from this course, you will be able to develop and implement project management strategies, manage supplier relationships, and ensure that the project is getting the best possible value for its money.
Purchasing Analyst
A Purchasing Analyst is responsible for analyzing the purchasing needs of a company. They work with suppliers to negotiate prices and ensure that the company is getting the best possible deal. This course can help you develop the skills you need to become a successful Purchasing Analyst, including strategic planning, negotiation, and supplier management. With the knowledge gained from this course, you will be able to develop and implement purchasing strategies, manage supplier relationships, and ensure that the company is getting the best possible value for its money.
Business Analyst
A Business Analyst is responsible for analyzing the business needs of a company. They work with suppliers to negotiate prices and ensure that the company is getting the best possible deal. This course can help you develop the skills you need to become a successful Business Analyst, including strategic planning, negotiation, and supplier management. With the knowledge gained from this course, you will be able to develop and implement business analysis strategies, manage supplier relationships, and ensure that the company is getting the best possible value for its money.
Financial Analyst
A Financial Analyst is responsible for analyzing the financial performance of a company. They work with suppliers to negotiate prices and ensure that the company is getting the best possible deal. This course can help you develop the skills you need to become a successful Financial Analyst, including strategic planning, negotiation, and supplier management. With the knowledge gained from this course, you will be able to develop and implement financial analysis strategies, manage supplier relationships, and ensure that the company is getting the best possible value for its money.
Operations Manager
An Operations Manager is responsible for managing the day-to-day operations of a company. They work with suppliers to negotiate prices and ensure that the company is getting the best possible deal. This course can help you develop the skills you need to become a successful Operations Manager, including strategic planning, negotiation, and supplier management. With the knowledge gained from this course, you will be able to develop and implement operations management strategies, manage supplier relationships, and ensure that the company is getting the best possible value for its money.
Investment Analyst
An Investment Analyst is responsible for analyzing the investment opportunities of a company. They work with suppliers to negotiate prices and ensure that the company is getting the best possible deal. This course can help you develop the skills you need to become a successful Investment Analyst, including strategic planning, negotiation, and supplier management. With the knowledge gained from this course, you will be able to develop and implement investment analysis strategies, manage supplier relationships, and ensure that the company is getting the best possible value for its money.

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 Strategic Procurement and Sourcing Conclusions.
Is currently used as a textbook at a number of academic institutions. It covers the fundamentals of purchasing and supply chain management and provides an up-to-date overview of current practices and trends.
Widely used textbook for undergraduate and graduate courses in purchasing and supply management. It provides a comprehensive overview of the field, including coverage of strategic sourcing, supplier management, and logistics.
Provides a comprehensive overview of supply chain management, including coverage of strategic sourcing, supplier management, and logistics. It valuable resource for students and professionals who want to gain a deeper understanding of this complex and dynamic field.
Provides a forward-looking perspective on the future of procurement and supply chains. It explores the emerging trends and challenges that will shape the industry in the years to come.
Practical guide to supply chain analytics. It valuable resource for students and professionals who want to learn how to use data to improve supply chain performance.

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