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Sourcing Excellence

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Gain insight into a topic and learn the fundamentals.
4.3

32 reviews

Advanced level

Recommended experience

2 weeks to complete
at 10 hours a week
Flexible schedule
Learn at your own pace
Gain insight into a topic and learn the fundamentals.
4.3

32 reviews

Advanced level

Recommended experience

2 weeks to complete
at 10 hours a week
Flexible schedule
Learn at your own pace

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

There are 4 modules in this course

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.

The second of five courses in this specialization will focus on Sourcing Excellence. You will learn how the inbound flow of products, information, and finances into the company facilitates the supply chain. It will consist of four modules, which will cover the following topics: core sourcing elements; inbound information flow; supply chain financing; and finally the capstone case study. You will have lectures, readings, and discussions with your peers for each topic, as well as a practice quiz in each lesson. At the end of each module, you can put your knowledge to the test and take a graded quiz. The Capstone Analysis module contains a real-life case analysis, as well as a supply chain management project that will enable you to be an expert on a company of your choosing.

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 assignments4 discussion prompts

11 videos•Total 36 minutes
  • Welcome to Sourcing Excellence•1 minute
  • Raw Material Inventories•2 minutes
  • Inventory Coordination•4 minutes
  • Inventory Coordination Tradeoffs•4 minutes
  • Vendor Managed Inventory•3 minutes
  • Supplier Quality•2 minutes
  • Raw Materials Quality•2 minutes
  • Service Quality•3 minutes
  • Supplier Scorecards•2 minutes
  • Supplier Segmentation•6 minutes
  • Supplier Relationship Management•6 minutes
8 readings•Total 80 minutes
  • Four Rules for Managing Inventory Better•10 minutes
  • A Culture of Quality Through Supplier Quality Management•10 minutes
  • Purchasing Must Become Supply Management•10 minutes
  • Procurement Best Practices•10 minutes
  • McDonald's and Coke Relationship•15 minutes
  • The Purpose•5 minutes
  • The Company•5 minutes
  • The Deliverables•15 minutes
4 assignments•Total 120 minutes
  • Inbound Product Flow Quiz•60 minutes
  • Raw Materials Inventory•20 minutes
  • Supplier Quality•20 minutes
  • Procurement Excellence•20 minutes
4 discussion prompts•Total 50 minutes
  • Describe Inventory Collaboration with Suppliers•15 minutes
  • Supplier Scorecards•15 minutes
  • Discuss Supplier Management Approaches•10 minutes
  • Project Company Choice•10 minutes

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 assignments1 peer review1 discussion prompt

13 videos•Total 48 minutes
  • Inbound Information Flow (Intro)•2 minutes
  • P2P Systems•4 minutes
  • P2P Benefits•3 minutes
  • P2P Challenges•3 minutes
  • The Naive Forecast•4 minutes
  • Naive Forecast Screencast•4 minutes
  • The Cumulative Mean•3 minutes
  • Cumulative Mean Screencast•5 minutes
  • Forecast Accuracy Measures•4 minutes
  • Forecast Accuracy Measures Screencast•5 minutes
  • Moving Average•4 minutes
  • Screencast on Moving Average•8 minutes
  • Selecting the Best Forecast•2 minutes
15 readings•Total 200 minutes
  • Everything you should look for in a P2P solution•15 minutes
  • SAP to Expand Cloud Presence With Acquisition of Ariba•10 minutes
  • Naive Forecast Example•10 minutes
  • Naive Forecast Solution•5 minutes
  • Cumulative Mean Example•10 minutes
  • Cumulative Mean Solution•5 minutes
  • Naive Method and Cumulative Mean Quiz Instructions•20 minutes
  • Notes on Forecast Accuracy Measures•15 minutes
  • Forecast Accuracy Solution•15 minutes
  • Forecast Accuracy Quiz Instructions•20 minutes
  • Moving Average Notes•10 minutes
  • About Rounding•10 minutes
  • Moving Average Solution•5 minutes
  • Moving Average Quiz Instructions•20 minutes
  • Forecasting Best Practices•30 minutes
8 assignments•Total 175 minutes
  • Naive Forecast and Cumulative Mean Assessment•30 minutes
  • Forecast Accuracy•10 minutes
  • Moving Average•20 minutes
  • Procure-to-Pay Systems Quiz•15 minutes
  • Naive Forecast Practice Quiz•10 minutes
  • Cumulative Mean Practice Quiz•30 minutes
  • Forecast Accuracy Practice Quiz•30 minutes
  • Moving Average Practice Quiz•30 minutes
1 peer review•Total 60 minutes
  • Selecting the Best Forecasting Method•60 minutes
1 discussion prompt•Total 15 minutes
  • SAP-Ariba Merger•15 minutes

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 assignments3 discussion prompts

15 videos•Total 59 minutes
  • Outbound Financial Flow•2 minutes
  • DPO Extension•5 minutes
  • Payment Options•3 minutes
  • Commercial Credit Cards•7 minutes
  • Supply Chain Finance•6 minutes
  • Interest Rates•4 minutes
  • Cost of Capital•4 minutes
  • SCF Decisions•5 minutes
  • Payment Practices•1 minute
  • Payment Practices Index•3 minutes
  • Payment Practices Satisfaction•5 minutes
  • Trends and Seasonality•3 minutes
  • Estimating Trends•4 minutes
  • Estimating Seasonality•5 minutes
  • Combining Trends & Seasonality•2 minutes
8 readings•Total 135 minutes
  • Reducing the cash conversion cycle through effective working capital management•15 minutes
  • Big Companies Pay Later, Squeezing Their Suppliers•10 minutes
  • Supplier Pay Announcement•10 minutes
  • Supplier Pay•10 minutes
  • Who Pays Best?•10 minutes
  • The Payment Practices Index•10 minutes
  • Advanced Forecasting•10 minutes
  • Trended and Seasonal Quiz Instructions•60 minutes
5 assignments•Total 132 minutes
  • Financial Flows with Suppliers•30 minutes
  • Trended and Seasonal Forecasting Quiz•30 minutes
  • DPO Extension•30 minutes
  • Supply Chain Finance•12 minutes
  • Payment Practices•30 minutes
3 discussion prompts•Total 45 minutes
  • To extend or not to extend?•15 minutes
  • Supplier Pay•15 minutes
  • Payment Practices Index•15 minutes

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

1 reading•Total 30 minutes
  • Chatram Case Reading and Data•30 minutes
2 peer reviews•Total 180 minutes
  • Chatram Case Study•120 minutes
  • Part 1 - Peer Feedback•60 minutes

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Instructor

Instructor ratings
4.6 (9 ratings)
Rutgers the State University of New Jersey
17 Courses•455,837 learners

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KE
·

Reviewed on Feb 6, 2024

This course was just perfect. My instructor taught everything so fluently and easily understandable way. I highly recommend this course.

Frequently asked questions

To access the course materials, assignments and to earn a Certificate, you will need to purchase the Certificate experience when you enroll in a course. You can try a Free Trial instead, or apply for Financial Aid. The course may offer 'Full Course, No Certificate' instead. This option lets you see all course materials, submit required assessments, and get a final grade. This also means that you will not be able to purchase a Certificate experience.

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