This specialization is intended for experienced procurement people seeking to develop skills to run a world-class procurement department. Through seven (7) courses you will cover how to run an efficient and effective procurement organization. This specialization will help you operate in a post-Covid world, understand how to create world-class supplier partnerships, and reduce risks through commodity and currency hedging. You will also learn how to leverage technology to make you and your organization more effective. Lastly we cover some timely special topics such as Environmental, Social , and Governance (ESG) and how to run a successful Supplier Diversity program. Outside reading will be provided to reinforce your knowledge.
Overview
Syllabus
Course 1: Introduction and Course Outline
- Offered by Rutgers the State University of New Jersey. This course will give you a brief introduction of the professor, Don Klock, and ... Enroll for free.
Course 2: Procurement Organizations
- Offered by Rutgers the State University of New Jersey. This course is primary focused on Procurement Organization-how to integrate ... Enroll for free.
Course 3: Global Procurement in a Post Covid World
- Offered by Rutgers the State University of New Jersey. After a brief introduction, this course will first cover the on-going rational and ... Enroll for free.
Course 4: Supplier Partnerships
- Offered by Rutgers the State University of New Jersey. This course covers the very important topic of Supplier Partnerships. After a brief ... Enroll for free.
Course 5: Commodity and Currency Hedging
- Offered by Rutgers the State University of New Jersey. After a brief introduction, this course will first explain hedging, and how one might ... Enroll for free.
Course 6: Leveraging Technology to Achieve Results
- Offered by Rutgers the State University of New Jersey. After a brief introduction, this course will cover procurement technology solutions ... Enroll for free.
Course 7: Special Topics and Specialization Wrap-up
- Offered by Rutgers the State University of New Jersey. This is the final course in the Specialization. After a brief introduction, the ... Enroll for free.
- Offered by Rutgers the State University of New Jersey. This course will give you a brief introduction of the professor, Don Klock, and ... Enroll for free.
Course 2: Procurement Organizations
- Offered by Rutgers the State University of New Jersey. This course is primary focused on Procurement Organization-how to integrate ... Enroll for free.
Course 3: Global Procurement in a Post Covid World
- Offered by Rutgers the State University of New Jersey. After a brief introduction, this course will first cover the on-going rational and ... Enroll for free.
Course 4: Supplier Partnerships
- Offered by Rutgers the State University of New Jersey. This course covers the very important topic of Supplier Partnerships. After a brief ... Enroll for free.
Course 5: Commodity and Currency Hedging
- Offered by Rutgers the State University of New Jersey. After a brief introduction, this course will first explain hedging, and how one might ... Enroll for free.
Course 6: Leveraging Technology to Achieve Results
- Offered by Rutgers the State University of New Jersey. After a brief introduction, this course will cover procurement technology solutions ... Enroll for free.
Course 7: Special Topics and Specialization Wrap-up
- Offered by Rutgers the State University of New Jersey. This is the final course in the Specialization. After a brief introduction, the ... Enroll for free.
Courses
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After a brief introduction, this course will first explain hedging, and how one might use hedging as a risk management tool. Then the course will look at both Commodity Hedging and Currency Risk Management and Currency Hedging. Actual examples will be provided and recommendations how to move forward using these risk management techniques.
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This course is primary focused on Procurement Organization-how to integrate procurement into the business and with your suppliers, review different types of procurement organizations, the importance of having policy and and procedures, how to establish meaningful Key Performance Indicators (KPIs) , and lastly examine the criterial roll of talent. All of this learning is meant to create a "real" competitive advantage for your procurement organization and your firm.
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This course covers the very important topic of Supplier Partnerships. After a brief introduction to the course, the course will cover why partnerships are important and what exactly is a partnership. The course will give a "real life" example Partnership Model that has been successfully used in over 150 companies.
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After a brief introduction, this course will first cover the on-going rational and challenges of worldwide sourcing. There were a lot of lesson learned as a result of Covid and the subsequent disruption of many supply chains. After reviewing the even more important topics of Supplier Quality and Risk Management, the course will cover three strategies to minimize risks: China +1, Near Shoring and Reshoring. Lastly, the very important topic of Total Cost of Ownership (TCO) is covered which is needed to evaluate these strategies.
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This course will give you a brief introduction of the professor, Don Klock, and Rutgers University. It will cover who should take this course, and outline the topics to be discussed in this Specialization. It will also review the Key Take-aways from the original Coursera Global Procurement and Sourcing Specialization. While it is not required to take the original specialization for this course, it will provide a basic procurement foundation for this course, as the instructor occasionally references that material in his videos. This will be followed by a brief practice assessment to test your overall knowledge in this area. Lastly, it will briefly cover the key learning materials that will be used in this specialization.
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After a brief introduction, this course will cover procurement technology solutions that will help achieve your goals. First, the course will cover Enterprise Resource Planning (ERP), a large software program that is used across the entire organization. The ERP segment will focus on just the procurement segments and how one can use this information to achieve your goals. Then the course will cover Procurement-to-Pay solutions that can either be integrated into ERP or as a stand alone solution. Lastly, the course will cover some of the "new" digital and other enabling technologies (e.g. AI, ML & RPA). All of these technologies and processes will make your procurement department more efficient and effective such that you can work on more value add activities.
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This is the final course in the Specialization. After a brief introduction, the course will cover two Special Topics that weren't covered in the previous courses, but considered very important. The first topic is procurement's role in Environmental, Social and Governance (ESG) and the second topic is Suppliers Diversity and reviews why both of these initiatives are important to procurement and your firm any how to implement them. From there, the course has a review of the entire Specialization by restating all the Key Take-Aways from all the courses. This is meant to be a review for the Final Assessment. Lastly, there is a Final Assessment consisting of 40 multiple choice question.
Taught by
Don Klock
