Procurement & Sourcing Introduction faq

learnersLearners: 181
instructor Instructor: Don Klock instructor-icon
duration Duration: duration-icon

This Global Procurement and Sourcing Specialization provides an introduction to the fundamentals of procurement and sourcing. Through a series of courses, learners will gain an understanding of the key concepts and processes related to the field, including supplier selection, contract management, and risk management.

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Course Feature Course Overview Pros & Cons Course Provider Discussion and Reviews
Go to class

Course Feature

costCost:

Free

providerProvider:

Coursera

certificateCertificate:

Paid Certification

languageLanguage:

English

start dateStart Date:

3rd Jul, 2023

Course Overview

❗The content presented here is sourced directly from Coursera platform. For comprehensive course details, including enrollment information, simply click on the 'Go to class' link on our website.

Updated in [March 06th, 2023]

The Global Procurement and Sourcing Specialization introduces students to the fundamentals of procurement and sourcing. This course provides an overview of the specialization and its courses, as well as an introduction to the current challenges facing procurement and sourcing professionals. The instructor will provide a biography and discuss who should take the course and the flow of the course.

Students will then have the opportunity to read ten current articles on procurement and sourcing, ranging from what is procurement to how to collaborate with suppliers. This knowledge will form the foundation for later courses on how to use tools, processes and improve skills to address many of these opportunities. A brief assessment (true/false) will be given to test the student's knowledge gained from the articles.

[Applications]
Upon completion of this course, students will have a better understanding of the current challenges facing procurement and sourcing professionals and will be able to apply the knowledge gained to their own procurement and sourcing activities. Suggestions for application of this course include: researching current trends in procurement and sourcing, developing strategies to address current challenges, and collaborating with suppliers to improve procurement and sourcing processes.

[Career Paths]
1. Procurement Manager: A Procurement Manager is responsible for overseeing the procurement process, from researching and selecting suppliers to negotiating contracts and managing supplier relationships. This role is becoming increasingly important as companies look to optimize their supply chain and reduce costs. The role is also becoming more complex as companies look to source from a global market and manage a diverse range of suppliers.

2. Sourcing Analyst: A Sourcing Analyst is responsible for researching and analyzing potential suppliers, negotiating contracts, and managing supplier relationships. This role is becoming increasingly important as companies look to optimize their supply chain and reduce costs. The role is also becoming more complex as companies look to source from a global market and manage a diverse range of suppliers.

3. Supply Chain Manager: A Supply Chain Manager is responsible for overseeing the entire supply chain process, from sourcing and procurement to logistics and distribution. This role is becoming increasingly important as companies look to optimize their supply chain and reduce costs. The role is also becoming more complex as companies look to source from a global market and manage a diverse range of suppliers.

4. Logistics Manager: A Logistics Manager is responsible for overseeing the logistics process, from transportation and warehousing to inventory management and customer service. This role is becoming increasingly important as companies look to optimize their supply chain and reduce costs. The role is also becoming more complex as companies look to source from a global market and manage a diverse range of suppliers.

[Education Paths]
Recommended Degree Paths:
1. Bachelor of Science in Supply Chain Management: This degree program provides students with a comprehensive understanding of the supply chain process, from procurement and sourcing to logistics and distribution. Students learn how to manage the entire supply chain process, from sourcing and procurement to logistics and distribution. They also gain an understanding of the latest trends in supply chain management, such as sustainability, technology, and global sourcing.

2. Master of Science in Supply Chain Management: This degree program provides students with an advanced understanding of the supply chain process, from procurement and sourcing to logistics and distribution. Students learn how to manage the entire supply chain process, from sourcing and procurement to logistics and distribution. They also gain an understanding of the latest trends in supply chain management, such as sustainability, technology, and global sourcing.

3. Master of Business Administration in Supply Chain Management: This degree program provides students with a comprehensive understanding of the supply chain process, from procurement and sourcing to logistics and distribution. Students learn how to manage the entire supply chain process, from sourcing and procurement to logistics and distribution. They also gain an understanding of the latest trends in supply chain management, such as sustainability, technology, and global sourcing.

4. Doctor of Philosophy in Supply Chain Management: This degree program provides students with an in-depth understanding of the supply chain process, from procurement and sourcing to logistics and distribution. Students learn how to manage the entire supply chain process, from sourcing and procurement to logistics and distribution. They also gain an understanding of the latest trends in supply chain management, such as sustainability, technology, and global sourcing.

Developing Trends:
1. Automation: Automation is becoming increasingly important in the supply chain process, as it can help reduce costs and improve efficiency. Automation can be used to streamline processes, such as procurement and sourcing, logistics and distribution, and inventory management.

2. Sustainability: Sustainability is becoming increasingly important in the supply chain process, as companies are looking to reduce their environmental impact. Companies are looking for ways to reduce their carbon footprint, such as using renewable energy sources and reducing waste.

3. Technology: Technology is becoming increasingly important in the supply chain process, as it can help improve efficiency and reduce costs. Companies are looking for ways to use technology to improve their supply chain processes, such as using artificial intelligence and machine learning to optimize processes.

4. Global Sourcing: Global sourcing is becoming increasingly important in the supply chain process, as companies are looking to source materials and products from around the world. Companies are looking for ways to source materials and products from different countries, such as using global sourcing platforms and leveraging global supply chains.

Pros & Cons

Pros Cons
  • pros

    Comprehensive and easy to digest

  • pros

    Engaging and interesting

  • pros

    Well worth time

  • pros

    Easy and important to understand

  • pros

    Basic procurement knowledge

  • cons

    Little experience in procurement

  • cons

    Not exposed to other parts of procurement

  • cons

    Depth of readings manageable

Course Provider

Provider Coursera's Stats at AZClass

This Global Procurement and Procurement specialization provides an introduction to the fundamentals of procurement and procurement. Through a series of courses, participants will gain an understanding of the current challenges facing procurement and procurement professionals through this course. They can learn about different aspects of sourcing and sourcing, such as what it is, how to work with suppliers, and how to use tools and processes to address these challenges. Learners can also learn how to improve their skills in this field and gain knowledge from the ten latest articles provided. Finally, learners can test their knowledge with a short assessment provided.

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Quiz

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1. Who should take this course?

2. What type of assessment will be included in this course?

3. What type of knowledge will be a foundation for later courses?

4. Which of the following is NOT a part of the Global Procurement and Sourcing Specialization?

5. What is the purpose of the Global Procurement and Sourcing Specialization?

Correct Answer: To provide a foundation for later courses on how to use tools, processes and improve skills to address many of the current challenges facing procurement and sourcing professionals.

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faq FAQ for Supply Chain Courses

Q1: Does the course offer certificates upon completion?

Yes, this course offers a free certificate. AZ Class have already checked the course certification options for you. Access the class for more details.

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Q4: How many people have enrolled in this course?

So far, a total of 181 people have participated in this course. The duration of this course is hour(s). Please arrange it according to your own time.

Q5: How Do I Enroll in This Course?

Click the"Go to class" button, then you will arrive at the course detail page.
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(Please note that the following steps should be performed on Coursera's official site.)
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If you're looking for additional Supply Chain courses and certifications, our extensive collection at azclass.net will help you.

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