SC402 Strategic Sourcing and the Procurement Process
About This Course
This course focuses on the value of strategic sourcing and the analytical procurement process. These two major topics are important competencies that every supply chain organization needs to master in order to increase procurement performance and enhance its competitive position in its respective industry. Participants will learn about effective sourcing strategies, including single sourcing, multi-sourcing, and outsourcing, and how to implement a sourcing strategy to ensure a successful procurement process and add value to the supply chain.
Sustainable Supply Chain Management
Supply chain management (SCM) is the planning and oversight of the entire supply chain, from people and activities to resources and products. An efficient, well-managed supply chain creates value and helps a company gain a competitive advantage...
What You’ll Learn
Upon completion of this course, students will have gained the knowledge to:
- Understand the differences between tactical and strategic sourcing;
- Appreciate the benefits of leveraging strategic sourcing;
- Employ best practices and use available tools in strategic sourcing;
- Understand the importance of following ethical sourcing;
- Be familiar with lean practices in sourcing;
- Discuss trends in sustainable sourcing;
- Identify global sourcing components.
The Learning Environment
This course is delivered in a virtual format and combines lectures, discussions, and group activities.
Other Courses in this Certificate Track
Enrolling in the full certificate program allows for more comprehensive learning in regard to sustainable supply chain management.
Courses may be taken individually and in any order unless otherwise noted. Five courses are required to complete the certificate. If pursuing the certificate, all courses in the certificate program must be completed within three years. Visit the program page for a recommended sequence.