Overview

Advance your supply chain expertise by mastering the critical areas of sourcing, procurement, contract management, and supplier relations. In this course, you’ll learn how to identify, select, and develop suppliers using industry-standard frameworks and analysis methods. You'll explore value chain optimization, understand the fundamentals of contracts and their role in ensuring reliable operations, and dive deep into supplier assessment and evaluation processes. You'll also gain essential skills in negotiation strategy and relationship management, both of which are crucial for building ethical, long-term partnerships that strengthen supply chain resilience. By the end of this course, you will be able to: - Apply sourcing and procurement frameworks for supplier selection - Conduct supplier analysis and manage supplier performance - Understand key contract elements and manage contracting processes - Use negotiation strategies to build enduring and beneficial supplier relationships - Optimize value chains for efficiency and competitiveness

Syllabus

Sourcing and Procurement

Time to get back on your journey to becoming a supply chain specialist! In this first module, you’ll start by learning all about sourcing and procurement and the main tools, analyses and frameworks used in their strategies. After that, you’ll learn how to identify the best potential suppliers and why choosing the right ones is crucial for supply chain success. Finally, you’ll learn what the value chain is, what activities are a part of it, and how to optimise your own value chains.

Contract Management

Contracts are the backbone of supply chains. They are what allow agreements to be made between key stakeholders, and what guarantees that they are fulfilled. In this module, you’ll learn what contracts are and their fundamental elements, what the main challenges in contract management are and the importance of innovation in contracting, along with the most important technological developments in this area.

Supplier Evaluation and Selection

Knowing how to evaluate suppliers and select the right ones is one of the most important elements to efficient supply chains. In this module, you’ll dive deeper into supplier evaluation processes, assessment and proposals, you’ll learn the best assessment methods and criteria, understand how to develop your existing suppliers to their maximum potential, and how to manage this whole process.

Negotiation and Supplier Relationships

Strong supplier relationships are the bedrock of resilient supply chains, and negotiation is how such relationships can be established in lasting and mutually beneficial ways. In this module, you will explore what negotiation is, its importance for supply chains and its key concepts, the main negotiation techniques, the main steps of a negotiation strategy and how to execute one. You will also learn why building supplier relationships is so important, and how to build them in ethical ways.

Procurement Strategies Final Project

Welcome to the final project of the course "Procurement Strategies"! This hands-on project will be graded and necessary for you to receive your certificate. It will require around 60 minutes to complete, so make sure to set aside enough time to focus on it!