3215 - Procurement and Supply Management
Course 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.
Students have 180 days from the day they are granted access to complete this course.
Please note: Access to this course will be granted as soon as possible but may take up to 1 business day.
Credits:
- 8 PMI PDUs:
- 1.5 Ways of Working PDUs
- 3 Power Skills PDUs
- 3.5 Business Acumen PDUs
- 0.8 IACET CEUs
- 8 SHRM PDCs
- 8 ATD CI Credits
Learner Outcomes
After this class, you will be able to:- Discuss the importance of internal and external relationships in managing suppliers and developing a sourcing strategy
- Articulate ways to enhance communication across the supply chain
- Manage and continuously improve supplier performance
- Determine the effects of e-procurement on supply management
- Identify and manage supply risk, measure performance, and overcome organizational barriers to supply
- Recognize the need for leadership and diversity within the supply chain