Supply Chains are made up of a network of companies from the initial raw materials to the ultimate consumer of the finished product. Within this network of companies, there are three ongoing flows: products, information, and finances. To properly understand and manage the supply chain, you need to understand all the flows. If you do not consider all of the flows, you will miss opportunities or sub-optimize parts of the supply chain.
Sourcing Excellence
Sourcing Excellence
This course is part of Supply Chain Excellence Specialization
Taught in English
Instructor: Rudolf Leuschner, Ph.D.
Included with 
Course
Gain insight into a topic and learn the fundamentals
Advanced level
Recommended experience
22 hours (approximately)
Flexible schedule
Learn at your own pace
Skills you'll gain
Details to know
Shareable certificate
Add to your LinkedIn profile
Recently updated!
November 2023
Assessments
17 quizzes
Course
Gain insight into a topic and learn the fundamentals
Advanced level
Recommended experience
22 hours (approximately)
Flexible schedule
Learn at your own pace
See how employees at top companies are mastering in-demand skills
Build your subject-matter expertise
This course is part of the Supply Chain Excellence Specialization
When you enroll in this course, you'll also be enrolled in this Specialization.
- Learn new concepts from industry experts
- Gain a foundational understanding of a subject or tool
- Develop job-relevant skills with hands-on projects
- Earn a shareable career certificate
Earn a career certificate
Add this credential to your LinkedIn profile, resume, or CV
Share it on social media and in your performance review
There are 4 modules in this course
Sourcing manages the flow of raw materials that are required for the company to build its products. The main goals are to understand the main decision points of products entering the firm, as well as procurement decisions. The module is made up of three lessons: 1. Raw Material Inventories, 2. Quality, 3. Procurement Excellence. This is the second course in the Supply Chain Excellence Specialization.
What's included
11 videos8 readings4 quizzes4 discussion prompts
This module will introduce you to procure-to-pay systems, which are one of the most popular types of systems companies are currently implementing. The other part of the module features some hands-on work. We will go over forecasting algorithms. If you had experience with forecasting or have successfully completed the Supply Chain Planning course, this will be a repetition and you can just skip to the quiz. Otherwise, it will be a nice introduction to forecasting.
What's included
13 videos15 readings8 quizzes1 peer review1 discussion prompt
In this module, we will cover financial flows with suppliers. This includes how companies are trying to preserve their capital by extending payment terms, a tool called supply chain finance that can help provide liquidity in supply chains, and an overview of payment practices.
What's included
15 videos8 readings5 quizzes3 discussion prompts
Now that we have reached the end of this course, it is time to put all of your new knowledge to the test. Not only will you be able to take a second attempt at your SCM project by improving your original submission and adding a new section on information flow. Finally, you will perform a quantitative analysis of a real-life business case and suggest improvements.
What's included
1 reading2 peer reviews
Instructor
Recommended if you're interested in Leadership and Management
Rutgers the State University of New Jersey
Rutgers the State University of New Jersey
Rutgers the State University of New Jersey
Rutgers the State University of New Jersey
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