Procurement and Supply Management
Description
This course explains the evolution from the transactional purchasing or procurement function into the strategic process of supply management. It introduces key concepts and ideas that can be used to successfully source and manage suppliers and to deal with issues that may arise across the supply chain. The course is divided into modules that explain supply management basics; describe strategic, ethical, and sustainable sourcing; and discuss supply chain leadership and integration. Course participants will explore supply management from several viewpoints; align sourcing, communication, and management strategies; and incorporate ethical and sustainable practices into the supply chain. Trends and changes to the profession due to the Internet and emerging technologies are also discussed.
credits
- PMI PDUs: 8
- Leadership PDUs: 3
- Strategic & Business Management PDUs: 3.5
- Technical PM PDUs: 1.5
- IACET CEUs: 0.8
- SHRM PDCs: 8
features
- Mobile-friendly
- Audio-enabled
- Badge and credit-awarding
- Fully accessible
- Games & Flashcards
- Expert-supported
- Video content
learning Outcomes
- Understand the differences in procurement processes for different types of goods and services
- Discuss the importance of internal and external relationships in managing suppliers
- Formulate a supplier relationship management process
- Articulate ways to enhance communication across the supply chain
- Manage and continuously improve supplier performance
- Develop a sourcing strategy that meets the needs of your company
- Determine the effects of e-commerce on supply management
- Utilize historically underutilized business (HUB) supplier diversity programs
- Understand the concept of sustainable sourcing
- Understand the need for leadership in the supply chain management process