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Rudolf Leuschner, Ph.D.

Have you ever wondered how companies manage relationships with their thousands of suppliers? Sourcing is an important part of managing a successful supply chain. This course introduces you to the exciting area of supply chain sourcing. Part of a broader specialization on Supply Chain Management, you will master the supplier selection process and supplier segmentation. At the completion of this course you will have the tools and techniques to find the right vendors and maintain the right relationship with any one of your existing suppliers.

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What's inside

Syllabus

Procurement, Purchasing, Supply Management, and Strategic Sourcing
Welcome to the exciting world of sourcing! This module introduces you to the professor who is teaching the courses in the Supply Chain Management Specialization. After completing this module you will be able to understand the different levels of sourcing: the act of purchasing, the work that is performed in a procurement department, how to differentiate different supplier categories with strategic sourcing, and how to elevate a firm's performance with strategic sourcing.
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Make versus Buy Decisions
In this module, you will review the principles of make versus buy decisions. What are the advantages and disadvantage of insourcing and outsourcing? We will review the risks and benefits of both, which will enable you to understand what goes into these decisions and why companies make them. In he assessment, you will review an outsourcing decision that a company or organization made and understand how it affects various stakeholders.
Supplier Selection
In this module, you will see an overview supplier segmentation and what the advantages and disadvantages of single and multiple sourcing. Furthermore, you will review the implications of sourcing on the entire firm in an assessment.
Sourcing Best Practices
In this module, we will review some best practices in sourcing and procure-to-pay systems which enable firms to automate and accelerate essential sourcing functions. In the assessment you will build a supplier evaluation system that you can use in your personal and professional lives.

Good to know

Know what's good
, what to watch for
, and possible dealbreakers
Taught by Rudolf Leuschner, Ph.D., who has been recognized for their work in Supply Chain Management
Explores a range of topics in Supply Chain Management, which is standard in industry
Develops techniques for Sourcing, which is a core skill for Supply Chain Management
Teaches tools for Supplier Segmentation, which are highly relevant to industry
Teaches tools for Make Versus Buy Decisions, which are highly relevant to industry
Teaches tools for Supplier Selection, which are highly relevant to industry

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Reviews summary

Supply chain sourcing

According to students, the Supply Chain Sourcing course provides valuable techniques for supplier onboarding, selection, and evaluation. Learners appreciate the course's up-to-date coverage of industry trends. Overall, this course is well-received for its practical and relevant content.
Up-to-date insights into supply chain sourcing.
"...y las tendencias en el mundo para el proceso de selección..."
Practical guidance on supplier registration.
"Me gusto todas las nuevas técnicas sobre registro de proveedores..."

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 Supply Chain Sourcing with these activities:
Review the basics of procurement
Revisit the fundamental concepts of procurement to strengthen your understanding of the course material.
Browse courses on Procurement
Show steps
  • Review your notes or textbooks from previous courses on procurement.
  • Take practice quizzes or tests to assess your understanding.
Compile and review course materials
Start by organizing a notebook or binder for your course materials. Include notes, assignments, and practice questions.
Show steps
  • Gather and organize course notes
  • Compile assignments and quizzes
  • Review past exams and practice questions
Review supplier relationship management (SRM)
Review the core principles of supplier relationship management to ensure you have a strong foundation to build upon as you proceed in the course.
Show steps
  • Review articles and blog posts on supplier relationship management
  • Read a book or white paper on supplier relationship management
  • Attend a webinar or workshop on supplier relationship management
Eight other activities
Expand to see all activities and additional details
Show all 11 activities
Follow tutorials on supplier selection
Enhance your understanding of supplier selection processes by following guided tutorials and applying the concepts to real-world scenarios.
Browse courses on Supplier Selection
Show steps
  • Identify reputable online resources or platforms offering tutorials on supplier selection.
  • Select tutorials that align with your learning objectives.
  • Follow the tutorials step-by-step, taking notes and practicing the techniques.
Join a study group
Collaborate with peers to enhance your learning experience and gain diverse perspectives.
Show steps
  • Find classmates or join an online study group
  • Meet regularly to discuss course material and assignments
  • Work together to solve problems and prepare for exams
Complete practice exercises on make-or-buy decisions
Reinforce your understanding of make-or-buy decisions by solving practice problems and analyzing real-world case studies.
Show steps
  • Find practice exercises or case studies on make-or-buy decisions.
  • Attempt to solve the exercises or analyze the case studies independently.
  • Review your answers and compare them with expert solutions or industry best practices.
Practice supplier selection and sourcing problems
Reinforce your understanding of supplier selection and sourcing by practicing with real-world problems.
Show steps
  • Review supplier selection criteria
  • Identify potential suppliers
  • Evaluate and select suppliers
Practice supplier evaluation
Reinforce your understanding of supplier evaluation techniques by completing practice exercises.
Browse courses on Supplier Evaluation
Show steps
  • Complete supplier evaluation exercises from textbooks or online resources
  • Develop a supplier evaluation template and apply it to a real-world scenario
Follow guided tutorials on supplier relationship management
Enhance your understanding of supplier relationship management through interactive tutorials.
Show steps
  • Identify different approaches to supplier relationship management
  • Learn best practices for managing supplier relationships
Develop a supplier evaluation system
Apply your knowledge of supplier selection by creating a comprehensive system to evaluate and select suppliers for your organization.
Browse courses on Supplier Evaluation
Show steps
  • Research different supplier evaluation methods and criteria.
  • Develop a set of criteria that are relevant to your organization's needs.
  • Create a template or tool for conducting supplier evaluations.
Develop a supplier sourcing strategy
Test your understanding of supplier sourcing strategies by developing a comprehensive plan.
Show steps
  • Identify your sourcing needs
  • Research potential suppliers
  • Develop a supplier evaluation process
  • Negotiate contracts with suppliers
  • Implement your supplier sourcing strategy

Career center

Learners who complete Supply Chain Sourcing will develop knowledge and skills that may be useful to these careers:
Procurement Manager
Procurement Managers are responsible for managing the procurement process, which includes sourcing, purchasing, and supplier management. This course can help you develop the skills and knowledge necessary to be successful in this role, including how to develop sourcing strategies, manage supplier relationships, and negotiate contracts. The course also covers best practices in procurement, which can help you to improve your procurement processes and achieve cost savings for your organization.
Sourcing Manager
Sourcing Managers oversee the process of finding and selecting suppliers for goods and services. This course can help you develop the skills and knowledge necessary to be successful in this role, including how to conduct supplier assessments, negotiate contracts, and manage supplier relationships. The course also covers best practices in sourcing, which can help you to improve your sourcing strategies and achieve cost savings for your organization.
Supplier Relationship Manager
Supplier Relationship Managers are responsible for managing relationships with suppliers. This course can help you develop the skills and knowledge necessary to be successful in this role, including how to build and maintain relationships with suppliers, negotiate contracts, and resolve disputes. The course also covers best practices in supplier relationship management, which can help you to improve your supplier relationships and achieve cost savings for your organization.
Purchasing Manager
Purchasing Managers are responsible for managing the purchasing process, which includes sourcing, purchasing, and supplier management. This course can help you develop the skills and knowledge necessary to be successful in this role, including how to develop sourcing strategies, manage supplier relationships, and negotiate contracts. The course also covers best practices in purchasing, which can help you to improve your purchasing processes and achieve cost savings for your organization.
Supply Chain Manager
Supply Chain Managers are responsible for managing the entire supply chain, from sourcing to delivery. This course can help you develop the skills and knowledge necessary to be successful in this role, including how to develop sourcing strategies, manage supplier relationships, and negotiate contracts. The course also covers best practices in supply chain management, which can help you to improve your supply chain processes and achieve cost savings for your organization.
Operations Manager
Operations Managers are responsible for managing operations. This course can help you develop the skills and knowledge necessary to be successful in this role, including how to develop operations management strategies, manage operations, and reduce operations costs. The course also covers best practices in operations management, which can help you to improve your operations management processes and achieve cost savings for your organization.
Logistics Manager
Logistics Managers are responsible for managing logistics operations. This course can help you develop the skills and knowledge necessary to be successful in this role, including how to develop logistics management strategies, manage logistics operations, and reduce logistics costs. The course also covers best practices in logistics management, which can help you to improve your logistics management processes and achieve cost savings for your organization.
Transportation Manager
Transportation Managers are responsible for managing transportation operations. This course can help you develop the skills and knowledge necessary to be successful in this role, including how to develop transportation management strategies, manage transportation operations, and reduce transportation costs. The course also covers best practices in transportation management, which can help you to improve your transportation management processes and achieve cost savings for your organization.
Warehouse Manager
Warehouse Managers are responsible for managing warehouses. This course can help you develop the skills and knowledge necessary to be successful in this role, including how to develop warehouse management strategies, manage warehouse operations, and reduce warehouse costs. The course also covers best practices in warehouse management, which can help you to improve your warehouse management processes and achieve cost savings for your organization.
Inventory Manager
Inventory Managers are responsible for managing inventory levels. This course can help you develop the skills and knowledge necessary to be successful in this role, including how to develop inventory management strategies, manage inventory levels, and reduce inventory costs. The course also covers best practices in inventory management, which can help you to improve your inventory management processes and achieve cost savings for your organization.
Demand Planner
Demand Planners are responsible for forecasting demand for goods and services. This course can help you develop the skills and knowledge necessary to be successful in this role, including how to conduct market research, analyze data, and develop demand forecasts. The course also covers best practices in demand planning, which can help you to improve your demand planning processes and achieve cost savings for your organization.
Consultant
Consultants are responsible for providing advice to businesses. This course can help you develop the skills and knowledge necessary to be successful in this role, including how to develop consulting proposals, conduct consulting engagements, and deliver consulting reports. The course also covers best practices in consulting, which can help you to improve your consulting processes and achieve cost savings for your organization.
Business Analyst
Business Analysts are responsible for analyzing business problems and developing solutions. This course can help you develop the skills and knowledge necessary to be successful in this role, including how to conduct business analysis, develop solutions, and implement solutions. The course also covers best practices in business analysis, which can help you to improve your business analysis processes and achieve cost savings for your organization.
Project Manager
Project Managers are responsible for managing projects. This course can help you develop the skills and knowledge necessary to be successful in this role, including how to develop project management plans, manage projects, and deliver projects on time and within budget. The course also covers best practices in project management, which can help you to improve your project management processes and achieve cost savings for your organization.
Entrepreneur
Entrepreneurs are responsible for starting and running their own businesses. This course can help you develop the skills and knowledge necessary to be successful in this role, including how to develop business plans, raise capital, and market your business. The course also covers best practices in entrepreneurship, which can help you to improve your entrepreneurial skills and achieve success in your own business.

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 Supply Chain Sourcing.
Provides a comprehensive overview of supply chain management, covering topics such as strategic planning, inventory management, and transportation. It valuable resource for students and practitioners alike.
Provides a practical guide to purchasing and supply chain management. It covers topics such as supplier selection, contract management, and inventory control. It valuable resource for practitioners who want to improve their supply chain management skills.
Offers an in-depth understanding of sourcing management processes, including supplier selection, evaluation, and relationship management.
This comprehensive textbook offers a broad perspective on supply chain management, providing context and insights for sourcing professionals.
Offers a strategic perspective on supply chain management, including discussions on sourcing and supplier relationships.

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