Global Procurement and Sourcing Specialization Course Syllabus

Overview: This specialization provides a comprehensive introduction to global procurement and sourcing, designed for beginners aiming to build foundational skills in supply chain management. The course is structured into five core modules followed by a hands-on final project, totaling approximately 23 hours of engaging content. Learners will explore key concepts such as procurement fundamentals, strategic sourcing, contract management, supplier performance, and global sourcing challenges. With flexible pacing and lifetime access, this program is ideal for professionals across industries seeking to enhance their qualifications in procurement roles.

Module 1: Introduction to Procurement and Sourcing

Estimated time: 4 hours

• Define procurement and its role in the supply chain
• Understand the importance of sourcing in organizational success
• Identify key procurement objectives and processes
• Explore the connection between procurement and business strategy

Module 2: Strategic Sourcing

Estimated time: 5 hours

• Develop sourcing strategies aligned with organizational goals
• Conduct market analysis for effective sourcing decisions
• Evaluate supplier selection criteria and methods
• Apply strategic sourcing frameworks in real-world scenarios

Module 3: Contract Management

Estimated time: 5 hours

• Draft and structure effective procurement contracts
• Negotiate contract terms and conditions
• Monitor contract performance and compliance
• Resolve disputes and manage contract modifications

Module 4: Supplier Performance Management

Estimated time: 4 hours

• Establish key performance indicators (KPIs) for suppliers
• Assess supplier performance using data-driven tools
• Implement continuous improvement initiatives with suppliers

Module 5: Global Sourcing

Estimated time: 5 hours

• Understand the complexities of international sourcing
• Navigate cultural differences in global supplier relationships
• Address logistical and regulatory challenges across borders

Module 6: Final Project

Estimated time: 5 hours

• Develop a comprehensive sourcing strategy for a real or simulated organization
• Create a supplier evaluation and selection plan
• Produce a contract and performance management framework

Prerequisites

• Familiarity with basic business concepts
• No prior procurement experience required
• Access to a computer and reliable internet connection

What You'll Be Able to Do After

• Understand core procurement and sourcing principles
• Develop and implement strategic sourcing plans
• Draft, evaluate, and manage procurement contracts
• Assess and improve supplier performance
• Navigate the challenges of global sourcing effectively