Sourcing & Operations
In today’s modern economy, something as simple as a razor might be manufactured in multiple countries with each part coming from a different supplier. This course will teach you how businesses manage this increasing complexity behind the scenes through efficient sourcing of suppliers and operations. You will have the opportunity to apply this knowledge by conducting a real-world case study of a product of your choosing.
Course Topics
Procurement, Purchasing, Supply Management, and Strategic Sourcing
Understand the different levels of sourcing. Learn the role of a procurement department. Understand how to elevate a firm's performance through sourcing. Differentiate supplier categories. Learn sourcing best practices.
Make vs Buy Decisions
Understand the risks and benefits of insourcing vs outsourcing. Learn when and why companies decide to outsource and understand how it affects stakeholders.
Supplier Sourcing
Overview supplier segmentation and learn the advantages and disadvantages of single and multiple sourcing.
Lean Methodology
Understand the foundations of lean thinking. Learn to apply this methodology and make the necessary calculations to optimize inventory.
Six Sigma
Learn the Six Sigma methodology and apply it to a project of the student’s choosing.
200
Disclosure
This course is delivered online through an institution of the Lower Cost Models Consortium (LCMC) that is different than your degree-granting institution that awards the academic credit for the course.
