Course

Global Procurement and Sourcing

Rutgers the State University of New Jersey

Explore the critical role of procurement within firms in the Global Procurement and Sourcing course offered by Rutgers the State University of New Jersey. This comprehensive program delves into strategic sourcing, supplier management, supply market analysis, and negotiation, providing the tools and knowledge for effective procurement practices.

  • Understand the significance of procurement within a firm and its operational dynamics.
  • Enhance your skills in supplier selection, evaluation, and risk mitigation.
  • Learn various tools and techniques for supply market analysis at macro, tactical, and operational levels.
  • Improve your negotiation skills and understand the importance of planning and post-negotiation follow-up.

With case studies and assessments, you'll gain real-world insights and test your comprehensive knowledge in this crucial area of business operations.

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Global Procurement and Sourcing
Course Modules

The course modules cover the fundamentals of procurement, strategic sourcing, supplier management, supply market analysis, negotiation, and strategic conclusions, providing a comprehensive understanding of essential procurement practices.

Procurement & Sourcing Introduction

Gain a clear understanding of the course flow and requirements in the Procurement & Sourcing Introduction module.

Procurement Basics

Discover the significance of procurement within a firm, learn the basics of procurement processes, and understand the difference between directs and indirects in the Procurement Basics module.

Strategic Sourcing

Delve into the proven 7-step Strategic Sourcing Process, and grasp its importance for the procurement department and stakeholders in the Strategic Sourcing module.

Supplier Management

Learn the essentials of selecting and evaluating suppliers, review various contract types, understand risk mitigation, and ethical considerations in the Supplier Management module.

Supply Market Analysis

Explore various tools and techniques for evaluating supply markets at macro, tactical, and operational levels in the Supply Market Analysis module.

Procurement Negotiation

Enhance your negotiation skills, understand the importance of planning and tools for success, and learn post-negotiation follow-up in the Procurement Negotiation module.

Strategic Procurement and Sourcing Conclusions

Get insights from experts on the future of procurement, review key takeaways from previous modules, and test your knowledge in the Strategic Procurement and Sourcing Conclusions module.

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