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Supplier Management

Don Klock

This course will cover Supplier Selection and Evaluation, Contract Management, Quality & Risk Management, and Ethics.

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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.

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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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Risk Mangement-Part 1
Risk Management-Part 2
Ethics

Good to know

Know what's good
, what to watch for
, 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

Excellent supplier management course

According to students, this Excellent course on Supplier Management features Engaging Assignments and Valuable Information. Learners say it offers Practical Knowledge that is Easily Applied in Actual Work Situations. Reviewers especially appreciate the Concrete Examples and High-Level Assignments that Prepare them for real-world challenges.
Course Prepares learners for the field
"Concrete learning material, with high-level assignments, equipping you for a hard supply chain environment!"
"Very good explained. Would recommend this course to everybody who is in the Procurement or Quality Section."
"A go to course on Supplier Management for any up and coming procurement professional or professionals already in the field.......Thank you Coursera, thank you RUTGERS for this Course......."
Concrete Examples help Understand concepts
"The whole course contains a lot of concrete examples to allow the student to understand the situation properly."
"LEARNING."
"Concrete learning material, with high-level assignments, equipping you for a hard supply chain environment!"
Engaging Assignments and High-Level homework
"Very interactive and informative. Awesome course."
"Superrrb course"
"Concrete learning material, with high-level assignments, equipping you for a hard supply chain environment!"
Learnings can be Applied in real-life scenarios
"Its good"
"Very practical and can easily be adopted in actual work situation"
"Practical Knowledge..."
Course offers Practical and Valuable Information
"Value information and well structured course."
"Very practical and can easily be adopted in actual work situation"
"Very useful course. Teaching basic fundamental of SCM, ethics, risks, supplier evaluation."

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
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
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
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
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
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
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
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
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

Career center

Learners who complete Supplier Management will develop knowledge and skills that may be useful to these careers:
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.
See salaries and explore the career path for Supply Chain Analyst
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.
See salaries and explore the career path for Procurement 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.
See salaries and explore the career path for Purchasing Manager
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.
See salaries and explore the career path for Supplier Quality Engineer
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.
See salaries and explore the career path for Contract 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.
See salaries and explore the career path for Risk Manager
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.
See salaries and explore the career path for Procurement Specialist
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.
See salaries and explore the career path for Supply Chain Consultant
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.
See salaries and explore the career path for Purchasing Agent
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.
See salaries and explore the career path for Inventory 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.
See salaries and explore the career path for Logistics 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.
See salaries and explore the career path for Operations 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.
See salaries and explore the career path for Project 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.
See salaries and explore the career path for Quality Manager
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.
See salaries and explore the career path for Business Analyst

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.
Cover image
Supply 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.
World Class Supply Management
Paperback
$$$
Cover image
A Short Guide to Procurement Risk
Save
Provides a comprehensive guide to risk management for procurement professionals. It covers topics such as risk identification, assessment, and mitigation. It valuable resource for procurement professionals looking to improve their risk management practices.
A Short Guide to Procurement Risk (Short Guides to...
Kindle Edition
$$
Cover image
Supply Chain Costing and Performance Management
Save
Provides an overview of the field of purchasing and supply management, including topics such as supplier management, relationship management, and ethics.
Supply Chain Costing and Performance Management
Hardcover
$$
Supply Chain Costing and Performance Management
Kindle Edition
$$
Cover image
The Art of Negotiation
Save
Useful complementary text for this course, with advice and techniques for the negotiation process, which is critical for contracting and maintaining supplier relationships.
The Art of Negotiation
Paperback
Check
The Art of Negotiation
Kindle Edition
Check
Cover image
Developing Sustainable Supply Chains to Drive Value
Save
Provides a practical guide to supplier management.
Developing Sustainable Supply Chains to Drive Value
Paperback
Check
Developing Sustainable Supply Chains to Drive Value
Kindle Edition
Check
Cover image
The Power of Faith, Exemplified In the Life and...
Save
Provides a new perspective on supplier management.
The Power of Faith, Exemplified in the Life and...
Paperback
$$
The Power of Faith, Exemplified in the Life and...
Hardcover
$$

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Course image
Level
Introductory
Via
Coursera
Institution
Rutgers the State University of New Jersey
Instructor
Don Klock
Language
English
Transcripts
Español Français Português Deutsch Italiano 中文 العربية 한국어 日本語 हिंदी Nederlands Svenska Pусский Türkçe Polski Ελληνικά українська мова magyar nyelv Bahasa Indonesia ไทย қазақша اُردُو, فارسی বাংলা tiếng Việt پښتو آذربایجان دیلی
This course belongs to a collection called Global Procurement and Sourcing. It's comprised of seven courses:
  1. Procurement Negotiation
  2. Procurement & Sourcing Introduction
  3. Procurement Basics
  4. Supplier Management (viewing)
  5. Strategic Procurement and Sourcing Conclusions
  6. Supply Market Analysis
  7. Strategic Sourcing
Good to know
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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