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Don Klock
This course will provide a detailed overview of a Strategic Sourcing Process (7 step Process): Profile the Category, Develop a Category Sourcing Strategy, Generate Supplier Profile, Choose Competitive Selection or Supplier Development, Select Supplier(s) and Negotiate, Implement, Continuous Improvement/Supplier Relationship Management
This course learnings will be supported videos, readings a a required case with peer review.
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OpenCourser.com/course/pl57yp/strategic
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What's inside
Syllabus
Welcome & Strategic Sourcing-Part 1
Strategic Sourcing-Part 2
Strategic Sourcing-Part 3
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Syllabus
Welcome & Strategic Sourcing-Part 1
Strategic Sourcing-Part 2
Strategic Sourcing-Part 3
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Traffic lights
Traffic lights
Read about what's good
what should give you pause and
possible dealbreakers
Examines a strategic sourcing process, providing a comprehensive overview of its key steps
Emphasizes continuous improvement and supplier relationship management, fostering ongoing optimization and collaboration
Leverages diverse learning materials, including videos, readings, and case studies, to enrich the learning experience
Taught by Don Klock, an experienced instructor who brings practical insights to the strategic sourcing domain
Provides a strong foundation for understanding the principles and practices of strategic sourcing
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Reviews summary
Strategic sourcing: practical, structured, and foundational
According to learners, the 'Strategic Sourcing' course is a highly practical and well-structured program, particularly beneficial for professionals seeking a solid foundation in the 7-step strategic sourcing process. Students frequently highlight its direct applicability to their roles, appreciating the real-world scenarios and the impactful case study that solidifies theoretical concepts. While the peer review system is noted as a key learning component, some learners express that its effectiveness can vary. Experienced professionals may find parts of the course introductory, wishing for more advanced techniques or diverse industry examples, yet it remains a comprehensive overview for most. The course is largely seen as a valuable tool for career advancement in procurement and supply chain.
Generally current, though some video visuals may appear dated.
"Excellent course... The content is current and relevant."
"Some of the videos seemed a bit dated visually, and the readings could be more varied."
"Overall positive experience. The content is well-structured and easy to follow."
Offers a clear, logical breakdown of the 7-step sourcing process.
"The 7-step strategic sourcing process was broken down clearly, and the case study really helped solidify the concepts."
"Excellent course for anyone looking to understand strategic sourcing deeply. The structure follows a logical flow..."
"Good course for beginners in sourcing. It gives a solid framework. The explanations were clear and the structure was logical."
A crucial component for hands-on application and concept mastery.
"The case study really helped solidify the concepts. I appreciated the emphasis on real-world scenarios."
"The case study was challenging but rewarding. It definitely improved my strategic thinking."
"The detailed breakdown of strategic sourcing, coupled with the real-world case, made it incredibly valuable."
Delivers directly applicable insights for professional roles.
"This course was incredibly practical and directly applicable to my role in procurement."
"The course provided a comprehensive framework that I can immediately apply in my job."
"I'm already applying what I learned to my current projects. Highly recommended for career growth."
May feel introductory for those with prior experience in the field.
"The course covers the basics well, but I was hoping for more advanced techniques or real-world examples beyond the single case study. As someone with some prior experience, it felt a bit introductory."
"More advanced learners might find it a bit slow-paced in parts."
"I was hoping for more specific industry examples or discussions on different sourcing models beyond the basic 7-step process."
Effectiveness of feedback varies, prompting suggestions for refinement.
"The peer review system for the case study was a bit hit-or-miss – some feedback was excellent, others less so."
"My only minor critique is that the 'peer review' aspect could be refined – perhaps more specific rubrics or direct instructor feedback..."
"The peer review feedback varied widely, making it less reliable."
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 Strategic Sourcing with these
activities:
Supplier Negotiation Role-Playing
Show steps
Engage in role-playing exercises to develop and refine your supplier negotiation skills, ensuring successful outcomes for your organization.
Browse courses on
Negotiation Skills
Show steps
-
Prepare for the negotiation by researching the supplier and understanding your organization's goals.
-
Develop negotiation strategies and tactics.
-
Practice negotiating with peers.
Support a Non-Profit Procurement Team
Show steps
Volunteer at a non-profit organization to gain hands-on experience in sourcing and procurement, while contributing to a meaningful cause.
Browse courses on
Social Responsibility
Show steps
-
Research and identify non-profit organizations with procurement needs.
-
Offer your services and skills to support their procurement efforts.
-
Participate in sourcing activities and provide recommendations.
Show all two activities
Supplier Negotiation Role-Playing
Show steps
Engage in role-playing exercises to develop and refine your supplier negotiation skills, ensuring successful outcomes for your organization.
Browse courses on
Negotiation Skills
Show steps
Show steps
Show steps
- Prepare for the negotiation by researching the supplier and understanding your organization's goals.
- Develop negotiation strategies and tactics.
- Practice negotiating with peers.
Support a Non-Profit Procurement Team
Show steps
Volunteer at a non-profit organization to gain hands-on experience in sourcing and procurement, while contributing to a meaningful cause.
Browse courses on
Social Responsibility
Show steps
Show steps
Show steps
- Research and identify non-profit organizations with procurement needs.
- Offer your services and skills to support their procurement efforts.
- Participate in sourcing activities and provide recommendations.
Show all two activities
Career center
Learners who complete Strategic Sourcing will develop knowledge and skills
that may be useful to these careers:
Sourcing Manager
Sourcing Manager
A Sourcing Manager is a professional responsible for overseeing the sourcing process. They work closely with suppliers and vendors to ensure that the company is getting the best possible products and services at the lowest possible cost. A Strategic Sourcing course can help Sourcing Managers develop the skills and knowledge they need to be successful in their roles. This course will provide them with a detailed overview of the Strategic Sourcing Process, which will help them to develop and implement effective sourcing strategies.
Procurement Manager
Procurement Manager
A Procurement Manager is responsible for managing the procurement process for their organization. They work with suppliers to negotiate contracts, track orders, and ensure that the organization is getting the best possible value for their money. A Strategic Sourcing course can help Procurement Managers develop the skills and knowledge they need to be successful in their roles. This course will provide them with a detailed overview of the Strategic Sourcing Process, which will help them to develop and implement effective procurement strategies.
Supply Chain Manager
Supply Chain Manager
A Supply Chain Manager is 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 to customers on time and at the lowest possible cost. A Strategic Sourcing course can help Supply Chain Managers develop the skills and knowledge they need to be successful in their roles. This course will provide them with a detailed overview of the Strategic Sourcing Process, which will help them to develop and implement effective supply chain strategies.
Purchasing Manager
Purchasing Manager
A Purchasing Manager is responsible for managing the purchasing process for their organization. They work with suppliers to negotiate contracts, track orders, and ensure that the organization is getting the best possible value for their money. A Strategic Sourcing course can help Purchasing Managers develop the skills and knowledge they need to be successful in their roles. This course will provide them with a detailed overview of the Strategic Sourcing Process, which will help them to develop and implement effective purchasing strategies.
Materials Manager
Materials Manager
A Materials Manager is responsible for managing the procurement and inventory of materials for their organization. They work with suppliers to ensure that the organization has the materials it needs, when it needs them, and at the lowest possible cost. A Strategic Sourcing course can help Materials Managers develop the skills and knowledge they need to be successful in their roles. This course will provide them with a detailed overview of the Strategic Sourcing Process, which will help them to develop and implement effective materials management strategies.
Logistics Manager
Logistics Manager
A Logistics Manager is responsible for overseeing the transportation and distribution of goods and services. They work with suppliers, carriers, and customers to ensure that products are delivered on time and at the lowest possible cost. A Strategic Sourcing course can help Logistics Managers develop the skills and knowledge they need to be successful in their roles. This course will provide them with a detailed overview of the Strategic Sourcing Process, which will help them to develop and implement effective logistics strategies.
Inventory Manager
Inventory Manager
An Inventory Manager is responsible for managing the inventory of goods and materials for their organization. They work with suppliers to ensure that the organization has the inventory it needs, when it needs it, and at the lowest possible cost. A Strategic Sourcing course can help Inventory Managers develop the skills and knowledge they need to be successful in their roles. This course will provide them with a detailed overview of the Strategic Sourcing Process, which will help them to develop and implement effective inventory management strategies.
Supplier Relationship Manager
Supplier Relationship Manager
A Supplier Relationship Manager (SRM) is responsible for managing relationships with suppliers. They work to build and maintain strong relationships with suppliers in order to ensure that the organization is getting the best possible value for their money. A Strategic Sourcing course can help SRMs develop the skills and knowledge they need to be successful in their roles. This course will provide them with a detailed overview of the Strategic Sourcing Process, which will help them to develop and implement effective supplier relationship management strategies.
Cost Analyst
Cost Analyst
A Cost Analyst is responsible for analyzing the costs of goods and services. They work with suppliers to identify areas where costs can be reduced. A Strategic Sourcing course can help Cost Analysts develop the skills and knowledge they need to be successful in their roles. This course will provide them with a detailed overview of the Strategic Sourcing Process, which will help them to develop and implement effective cost analysis strategies.
Quality Assurance Manager
Quality Assurance Manager
A Quality Assurance Manager (QAM) is responsible for ensuring that the quality of goods and services meets the organization's standards. They work with suppliers to identify and correct quality problems. A Strategic Sourcing course can help QAMs develop the skills and knowledge they need to be successful in their roles. This course will provide them with a detailed overview of the Strategic Sourcing Process, which will help them to develop and implement effective quality assurance strategies.
Risk Manager
Risk Manager
A Risk Manager is responsible for identifying and mitigating risks to the organization. They work with suppliers to identify and mitigate risks that could impact the organization's operations or reputation. A Strategic Sourcing course can help Risk Managers develop the skills and knowledge they need to be successful in their roles. This course will provide them with a detailed overview of the Strategic Sourcing Process, which will help them to develop and implement effective risk management strategies.
Compliance Officer
Compliance Officer
A Compliance Officer is responsible for ensuring that the organization complies with all applicable laws and regulations. They work with suppliers to ensure that they are also in compliance. A Strategic Sourcing course can help Compliance Officers develop the skills and knowledge they need to be successful in their roles. This course will provide them with a detailed overview of the Strategic Sourcing Process, which will help them to develop and implement effective compliance strategies.
Corporate Social Responsibility Manager
Corporate Social Responsibility Manager
A Corporate Social Responsibility (CSR) Manager is responsible for ensuring that the organization is socially responsible. They work with suppliers to ensure that they are also socially responsible. A Strategic Sourcing course can help CSR Managers develop the skills and knowledge they need to be successful in their roles. This course will provide them with a detailed overview of the Strategic Sourcing Process, which will help them to develop and implement effective CSR strategies.
Sustainability Manager
Sustainability Manager
A Sustainability Manager is responsible for ensuring that the organization is sustainable. They work with suppliers to ensure that they are also sustainable. A Strategic Sourcing course can help Sustainability Managers develop the skills and knowledge they need to be successful in their roles. This course will provide them with a detailed overview of the Strategic Sourcing Process, which will help them to develop and implement effective sustainability strategies.
Consultant
Consultant
Consultants work with organizations to help them improve their operations. They can provide advice on a variety of topics, including strategic sourcing. A Strategic Sourcing course can help Consultants develop the skills and knowledge they need to be successful in their roles. This course will provide them with a detailed overview of the Strategic Sourcing Process, which will help them to develop and implement effective consulting strategies.
For more career information including salaries, visit:
OpenCourser.com/course/pl57yp/strategic
Reading list
We've selected 11 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 Sourcing.
Provides a comprehensive overview of strategic sourcing for the public sector. It covers topics such as the role of strategic sourcing in the public sector, supplier relationship management, and risk management.
Provides a comprehensive overview of logistics and supply chain management. It covers topics such as transportation, warehousing, and inventory management. This book would be a valuable reference tool for anyone involved in strategic sourcing.
Provides a comprehensive overview of outsourcing and strategic sourcing. It covers topics such as the benefits and challenges of outsourcing, supplier selection, and contract management.
Provides a comprehensive overview of strategic sourcing, with a focus on the role of technology and innovation. It good reference for those who want to stay up-to-date on the latest trends in sourcing.
This textbook provides a comprehensive overview of supply chain management, with a focus on strategic sourcing. It good resource for those who want to develop their strategic sourcing skills.
Provides a comprehensive overview of procurement and supply chain management. It covers a wide range of topics, including strategic sourcing, supplier relationship management, and logistics.
This handbook provides a comprehensive overview of supply management. It covers a wide range of topics, including strategic sourcing, supplier relationship management, and quality management.
This handbook provides a comprehensive overview of procurement and supply chain management. It covers a wide range of topics, including strategic sourcing, supplier management, and logistics.
This textbook provides a comprehensive overview of purchasing and supply chain management, covering topics such as supplier selection, negotiation, and contract management. It provides a solid foundation for understanding the broader context of strategic sourcing.
Provides a global perspective on sourcing and supply chain management. It covers topics such as global sourcing strategies, supplier development, and risk management.
Provides a practical guide to negotiation, which is an essential skill in strategic sourcing. It teaches effective negotiation strategies and techniques, helping learners to achieve better outcomes in their sourcing negotiations.
For more information about how these books relate to this course, visit:
OpenCourser.com/course/pl57yp/strategic
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Level
Introductory
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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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