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Don Klock
This course will cover Supplier Selection and Evaluation, Contract Management, Quality & Risk Management, and Ethics.
Read more
This course will cover Supplier Selection and Evaluation, Contract Management, Quality & Risk Management, and Ethics.
Read more
This course will cover Supplier Selection and Evaluation, Contract Management, Quality & Risk Management, and Ethics.
One of the important decisions that a Procurement professional makes is selecting the right supplier.We will cover how to evaluate suppliers, using a very simple evaluation tool, to select the right suppliers. In contract management we will expose you to six different types of contracts that a procurement professional can consider for the contract. We will highlight 10 risk management strategies that will mitigate risks for your firm. Lastly, we will cover the very important topic of procurement ethics-what to do and not to do in ethically dealing with suppliers.
In addition to the videos, there are reading materials, and two cases to support your learnings. Both cases will be assessed via a Peer Group.
Register for this course and see more details by visiting:
OpenCourser.com/course/mwzy20/supplier
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What's inside
Syllabus
Welcome & Supplier Selection and Management-Part1
Supplier Selection and Management-Part 2
Contract Management
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Syllabus
Welcome & Supplier Selection and Management-Part1
Supplier Selection and Management-Part 2
Contract Management
Read more
Traffic lights
Traffic lights
Read about what's good
what should give you pause and
possible dealbreakers
Examines core tenets of procurement, such as supplier selection, quality management, and risk mitigation, which are fundamental to supply chain operations
Taught by industry expert Don Klock, who brings real-world experience and insights to the learning experience
Provides a comprehensive overview of procurement ethics, ensuring learners are equipped to navigate ethical dilemmas in the workplace
Utilizes a mix of videos, readings, and case studies to enhance engagement and facilitate deeper understanding of the subject matter
Requires learners to evaluate suppliers using a simplified tool, providing practical application of the concepts taught
May require learners to purchase additional materials or resources to fully participate in the course
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Reviews summary
Practical supplier management foundations
According to learners, this course offers a largely positive experience, providing a solid foundation in supplier management. Students frequently praise the practical applicability of its content, especially the modules on supplier selection, risk management, and various contract types. The instructor's insights are noted for their real-world value and clarity. While it's particularly well-suited for new professionals or those seeking a comprehensive introduction, some experienced learners found the depth of coverage to be a warning, wishing for more advanced techniques. The peer-graded cases, while sometimes encouraging engagement, were occasionally described as inconsistent.
Suited for beginners, but may lack depth for advanced learners.
"I felt the depth was sometimes lacking, especially for someone with prior experience. It's probably best for beginners in the field."
"I was disappointed with the lack of depth in certain areas. It doesn't go deep enough for a professional seeking advanced knowledge."
"A must-take for new procurement professionals. The instructor presents complex topics in an understandable way, making it very accessible."
Covers essential supplier management topics effectively.
"Good overview of supplier management principles. I found the section on contract types particularly useful."
"Solid course. It delivers on its promises of covering supplier selection, contracts, risk, and ethics."
"The ethical considerations were well-covered. The real-world applications of supplier evaluation and risk mitigation were invaluable."
Instructor's insights and clarity are highly valued by students.
"The instructor's insights were profound, drawn from real-world experience."
"The instructor presents complex topics in an understandable way, making it very accessible."
"The instructor's expertise shone through. I loved the practical examples and the clear explanations of complex concepts."
Delivers highly applicable, real-world strategies for professionals.
"The modules on supplier selection and risk management were incredibly practical and immediately applicable to my work."
"This course definitely enhanced my professional toolkit."
"I learned how to use practical tools and strategies that I could apply immediately to my work."
Assessment via peer review caused frustration due to inconsistency.
"The peer grading of cases was sometimes inconsistent, which was a bit frustrating."
"The peer reviews were a mixed bag, sometimes helpful, sometimes not."
"The peer assessment could be improved, but the core content is strong."
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 Supplier Management with these
activities:
Supplier Selection and Evaluation Concepts
Show steps
Warm up with a review of the fundamentals of supplier selection
Browse courses on
Supplier Selection
Show steps
-
Review the materials from your previous course
-
Look for blog posts on supplier selection strategies
-
Watch a YouTube video about supplier evaluation
Contract Management Tutorial
Show steps
Enhance your understanding of contract management by following an online tutorial
Browse courses on
Contract Law
Show steps
-
Identify an online tutorial about contract law
-
Enroll in the tutorial and follow its modules
-
Complete the quizzes and assignments included in the tutorial
Risk Management Case Studies
Show steps
Sharpen your risk management skills by working through case studies
Browse courses on
Risk Management
Show steps
-
Find a set of case studies related to risk management
-
Read each case study carefully and identify the key risks
-
Develop mitigation strategies for each of the identified risks
Five other activities
Expand to see all activities and additional details
Show all eight activities
Procurement Ethics Resource Collection
Show steps
Stay ethical by gathering and reviewing best practices in procurement ethics
Show steps
-
Search for articles and blog posts on procurement ethics
-
Gather and compile resources into a personal folder or database
-
Review the resources regularly to stay up-to-date
Procurement Ethics Workshop
Show steps
Gain practical insights into procurement ethics by attending a workshop
Show steps
-
Search for upcoming procurement ethics workshops in your area
-
Register for and attend the workshop
-
Participate actively in the workshop discussions and exercises
Procurement Management Challenge
Show steps
Test your procurement management skills by participating in a competition
Browse courses on
Procurement Management
Show steps
-
Identify and register for a procurement management competition
-
Prepare for the competition by reviewing the rules and developing a strategy
-
Participate in the competition and give it your best effort
Mock Procurement Project
Show steps
Experience the procurement process firsthand by working on a mock project
Browse courses on
Procurement
Show steps
-
Identify a specific procurement need or challenge
-
Develop a procurement plan and timeline
-
Conduct a supplier evaluation and selection process
-
Negotiate and finalize a contract with the chosen supplier
Procurement Discussion Group
Show steps
Connect with peers to discuss and share insights on procurement
Browse courses on
Procurement
Show steps
-
Join or create a procurement discussion group
-
Participate in regular discussions on relevant procurement topics
-
Share your own procurement experiences and knowledge with the group
Supplier Selection and Evaluation Concepts
Show steps
Warm up with a review of the fundamentals of supplier selection
Browse courses on
Supplier Selection
Show steps
Show steps
Show steps
- Review the materials from your previous course
- Look for blog posts on supplier selection strategies
- Watch a YouTube video about supplier evaluation
Contract Management Tutorial
Show steps
Enhance your understanding of contract management by following an online tutorial
Browse courses on
Contract Law
Show steps
Show steps
Show steps
- Identify an online tutorial about contract law
- Enroll in the tutorial and follow its modules
- Complete the quizzes and assignments included in the tutorial
Risk Management Case Studies
Show steps
Sharpen your risk management skills by working through case studies
Browse courses on
Risk Management
Show steps
Show steps
Show steps
- Find a set of case studies related to risk management
- Read each case study carefully and identify the key risks
- Develop mitigation strategies for each of the identified risks
Five other activities
Expand to see all activities and additional details
Show all eight activities
Procurement Ethics Resource Collection
Show steps
Stay ethical by gathering and reviewing best practices in procurement ethics
Show steps
Show steps
Show steps
- Search for articles and blog posts on procurement ethics
- Gather and compile resources into a personal folder or database
- Review the resources regularly to stay up-to-date
Procurement Ethics Workshop
Show steps
Gain practical insights into procurement ethics by attending a workshop
Show steps
Show steps
Show steps
- Search for upcoming procurement ethics workshops in your area
- Register for and attend the workshop
- Participate actively in the workshop discussions and exercises
Procurement Management Challenge
Show steps
Test your procurement management skills by participating in a competition
Browse courses on
Procurement Management
Show steps
Show steps
Show steps
- Identify and register for a procurement management competition
- Prepare for the competition by reviewing the rules and developing a strategy
- Participate in the competition and give it your best effort
Mock Procurement Project
Show steps
Experience the procurement process firsthand by working on a mock project
Browse courses on
Procurement
Show steps
Show steps
Show steps
- Identify a specific procurement need or challenge
- Develop a procurement plan and timeline
- Conduct a supplier evaluation and selection process
- Negotiate and finalize a contract with the chosen supplier
Procurement Discussion Group
Show steps
Connect with peers to discuss and share insights on procurement
Browse courses on
Procurement
Show steps
Show steps
Show steps
- Join or create a procurement discussion group
- Participate in regular discussions on relevant procurement topics
- Share your own procurement experiences and knowledge with the group
Career center
Learners who complete Supplier Management will develop knowledge and skills
that may be useful to these careers:
Supply Chain Analyst
Supply Chain Analyst
Supply Chain Analysts make recommendations on selecting the best suppliers for a company, based on cost, quality, and other factors. They also help manage contracts with suppliers and mitigate risks associated with the supply chain. This course can help you build a foundation in supplier selection, contract management, and risk management, all of which are essential skills for Supply Chain Analysts. By understanding how to evaluate suppliers, negotiate contracts, and manage risks, you can help your company improve its supply chain performance and gain a competitive advantage.
Procurement Manager
Procurement Manager
Procurement Managers are responsible for overseeing all aspects of procurement for their company, including supplier selection, contract management, and risk management. This course can help you develop the skills you need to succeed as a Procurement Manager, including how to evaluate suppliers, negotiate contracts, and manage risks. By understanding the different types of contracts and how to mitigate risks, you can help your company save money and avoid disruptions to its supply chain.
Purchasing Manager
Purchasing Manager
Purchasing Managers are responsible for managing the day-to-day operations of a company's purchasing department. This includes developing and implementing purchasing policies and procedures, negotiating contracts with suppliers, and managing inventory. This course can help you build a foundation in supplier selection, contract management, and risk management, all of which are essential skills for Purchasing Managers. By understanding how to evaluate suppliers, negotiate contracts, and manage risks, you can help your company save money and improve its efficiency.
Supplier Quality Engineer
Supplier Quality Engineer
Supplier Quality Engineers are responsible for ensuring that the products and services supplied to their company meet the required quality standards. This includes developing and implementing quality control procedures, conducting supplier audits, and working with suppliers to improve their quality performance. This course can help you build a foundation in supplier selection, quality management, and risk management, all of which are essential skills for Supplier Quality Engineers. By understanding how to evaluate suppliers, manage quality, and mitigate risks, you can help your company ensure that it is getting the highest quality products and services from its suppliers.
Contract Manager
Contract Manager
Contract Managers are responsible for managing all aspects of contracts for their company, including drafting, negotiating, and administering contracts. This course can help you develop the skills you need to succeed as a Contract Manager, including how to evaluate suppliers, negotiate contracts, and manage risks. By understanding the different types of contracts and how to mitigate risks, you can help your company protect its interests and avoid disputes.
Risk Manager
Risk Manager
Risk Managers are responsible for identifying, assessing, and mitigating risks for their company. This includes developing and implementing risk management plans, conducting risk assessments, and working with stakeholders to manage risks. This course can help you build a foundation in risk management, including how to identify, assess, and mitigate risks. By understanding the different types of risks and how to mitigate them, you can help your company protect its assets and reputation.
Procurement Specialist
Procurement Specialist
Procurement Specialists are responsible for assisting with all aspects of procurement for their company, including supplier selection, contract management, and risk management. This course can help you build a foundation in supplier selection, contract management, and risk management, all of which are essential skills for Procurement Specialists. By understanding how to evaluate suppliers, negotiate contracts, and manage risks, you can help your company save money and improve its efficiency.
Supply Chain Consultant
Supply Chain Consultant
Supply Chain Consultants help companies improve their supply chain performance. This includes developing and implementing supply chain strategies, optimizing inventory levels, and managing supplier relationships. This course can help you build a foundation in supplier selection, contract management, and risk management, all of which are essential skills for Supply Chain Consultants. By understanding how to evaluate suppliers, negotiate contracts, and manage risks, you can help your clients improve their supply chain performance and gain a competitive advantage.
Purchasing Agent
Purchasing Agent
Purchasing Agents are responsible for purchasing goods and services for their company. This includes negotiating prices, placing orders, and managing inventory. This course may help you build a foundation in supplier selection and contract management, both of which are essential skills for Purchasing Agents. By understanding how to evaluate suppliers and negotiate contracts, you can help your company save money and improve its efficiency.
Inventory Manager
Inventory Manager
Inventory Managers are responsible for managing the inventory of their company. This includes forecasting demand, ordering inventory, and managing inventory levels. This course may help you build a foundation in supplier selection, contract management, and risk management, all of which are essential skills for Inventory Managers. By understanding how to evaluate suppliers, negotiate contracts, and manage risks, you can help your company optimize its inventory levels and improve its efficiency.
Logistics Manager
Logistics Manager
Logistics Managers are responsible for managing the transportation and distribution of goods and services. This includes planning and executing transportation routes, managing inventory, and negotiating with transportation providers. This course may help you build a foundation in supplier selection, contract management, and risk management, all of which are essential skills for Logistics Managers. By understanding how to evaluate suppliers, negotiate contracts, and manage risks, you can help your company improve its logistics performance and gain a competitive advantage.
Operations Manager
Operations Manager
Operations Managers are responsible for managing the day-to-day operations of their company. This includes planning and executing production schedules, managing inventory, and overseeing quality control. This course may help you build a foundation in supplier selection, contract management, and risk management, all of which are essential skills for Operations Managers. By understanding how to evaluate suppliers, negotiate contracts, and manage risks, you can help your company improve its operational efficiency and gain a competitive advantage.
Project Manager
Project Manager
Project Managers are responsible for planning, executing, and closing projects. This includes developing project plans, managing budgets, and communicating with stakeholders. This course may help you build a foundation in contract management and risk management, both of which are essential skills for Project Managers. By understanding how to negotiate contracts and manage risks, you can help your projects succeed.
Quality Manager
Quality Manager
Quality Managers are responsible for ensuring that their company's products and services meet the required quality standards. This includes developing and implementing quality control procedures, conducting quality audits, and working with suppliers to improve their quality performance. This course may help you build a foundation in supplier selection, quality management, and risk management, all of which are essential skills for Quality Managers. By understanding how to evaluate suppliers, manage quality, and mitigate risks, you can help your company ensure that it is delivering the highest quality products and services to its customers.
Business Analyst
Business Analyst
Business Analysts are responsible for identifying, analyzing, and solving business problems. This includes gathering requirements, developing solutions, and communicating with stakeholders. This course may help you build a foundation in contract management and risk management, both of which are essential skills for Business Analysts. By understanding how to negotiate contracts and manage risks, you can help your company make better decisions and improve its performance.
For more career information including salaries, visit:
OpenCourser.com/course/mwzy20/supplier
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
Supplier Management.
Save
Provides a comprehensive overview of strategic supplier management, covering topics such as supplier selection, performance management, and risk mitigation. It valuable resource for procurement professionals looking to improve their supplier management practices.
Provides a comprehensive guide to risk management for procurement professionals. It covers topics such as risk identification, assessment, and mitigation. It valuable resource for procurement professionals looking to improve their risk management practices.
Provides an overview of the field of purchasing and supply management, including topics such as supplier management, relationship management, and ethics.
Useful complementary text for this course, with advice and techniques for the negotiation process, which is critical for contracting and maintaining supplier relationships.
Provides a practical guide to supplier management.
Provides a new perspective on supplier management.
For more information about how these books relate to this course, visit:
OpenCourser.com/course/mwzy20/supplier
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Level
Introductory
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Institution
Rutgers the State University of New Jersey
Instructor
Don Klock
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This course belongs to a
collection
called
Global Procurement and Sourcing. It's comprised of seven courses:
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