Strategic Procurement and Sourcing Conclusions
This course will provide a comprehensive overview of the strategic procurement and sourcing process, concluding the Global Procurement and Sourcing Specialization. Participants will gain an understanding of the key concepts and techniques used in the strategic procurement and sourcing process. ▼
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Course Feature
Cost:
Free
Provider:
Coursera
Certificate:
Paid Certification
Language:
English
Start Date:
10th 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]
This course will be the final course in the Global Procurement and Sourcing Specialization.
We will covering three things:
First, there will be a final set of readings of articles that are looking at the future of Strategic Procurement and Sourcing. While many of the articles differ in their point of view, all the authors focus on the continued important of procurement in the business world today.
Second, we will do a complete wrap-up and key takeaways for all of the courses. This will be an excellent review of what you learned in this specialization and will be helpful in the Final Assessment of the course.
Lastly, there will be a Required Final Assessment consisting of 40 multiple choice.
(Please note that we obtained the following content based on information that users may want to know, such as skills, applicable scenarios, future development, etc., combined with AI tools, and have been manually reviewed)
Learners can learn about the importance of strategic procurement and sourcing in the business world today, review the key takeaways from the specialization, and take the final assessment to demonstrate their understanding of the material. They will gain an understanding of the current trends in the field, the importance of staying up to date with the latest developments, and the ability to apply their knowledge to real-world scenarios. Additionally, they will be able to identify and analyze the different types of procurement and sourcing strategies, and develop their own strategies to meet the needs of their organization.
[Applications]
Upon completion of this course, students should be able to apply the knowledge and skills they have acquired to their own professional and personal lives. They should be able to use the concepts of strategic procurement and sourcing to make informed decisions in their own organizations. Additionally, they should be able to identify and analyze potential risks and opportunities associated with procurement and sourcing activities. Finally, they should be able to develop and implement effective strategies to maximize the value of their procurement and sourcing activities.
[Career Paths]
1. Strategic Sourcing Manager: Strategic Sourcing Managers are responsible for developing and executing sourcing strategies that will help their organization achieve its goals. They are responsible for researching and analyzing market trends, negotiating contracts, and managing supplier relationships. As the global economy continues to evolve, the need for Strategic Sourcing Managers is expected to grow.
2. Procurement Analyst: Procurement Analysts are responsible for analyzing and evaluating the procurement process and making recommendations for improvement. They are also responsible for researching and analyzing market trends, negotiating contracts, and managing supplier relationships. As the global economy continues to evolve, the need for Procurement Analysts is expected to grow.
3. Supply Chain Manager: Supply Chain Managers are responsible for managing the entire supply chain process from sourcing to delivery. They are responsible for researching and analyzing market trends, negotiating contracts, and managing supplier relationships. As the global economy continues to evolve, the need for Supply Chain Managers is expected to grow.
4. Procurement Consultant: Procurement Consultants are responsible for providing advice and guidance to organizations on how to improve their procurement processes. They are responsible for researching and analyzing market trends, negotiating contracts, and managing supplier relationships. As the global economy continues to evolve, the need for Procurement Consultants is expected to grow.
[Education Paths]
For learners of this course, there are several degree paths that can be recommended.
1. Bachelor of Science in Supply Chain Management: This degree path focuses on the management of the entire supply chain, from procurement to delivery. It covers topics such as logistics, inventory management, and customer service. It also provides an understanding of the global supply chain and its impact on businesses. This degree is becoming increasingly popular as businesses look to optimize their supply chain operations.
2. Master of Science in Procurement and Supply Chain Management: This degree path focuses on the strategic aspects of procurement and supply chain management. It covers topics such as strategic sourcing, supplier relationship management, and risk management. It also provides an understanding of the global procurement and supply chain environment and its impact on businesses. This degree is becoming increasingly popular as businesses look to optimize their procurement and supply chain operations.
3. Master of Business Administration in Supply Chain Management: This degree path focuses on the management of the entire supply chain, from procurement to delivery. It covers topics such as logistics, inventory management, and customer service. It also provides an understanding of the global supply chain and its impact on businesses. This degree is becoming increasingly popular as businesses look to optimize their supply chain operations.
4. Master of Science in Logistics and Supply Chain Management: This degree path focuses on the management of the entire supply chain, from procurement to delivery. It covers topics such as logistics, inventory management, and customer service. It also provides an understanding of the global supply chain and its impact on businesses. This degree is becoming increasingly popular as businesses look to optimize their supply chain operations.
Pros & Cons
Very informative
Brings insights of industry practices
Enhances knowledge
Good overview
Best course.
Video visibility issue; Quiz no information; Midlevel manager missing pieces.
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