Sourcing Excellence is a comprehensive course offered by Rutgers the State University of New Jersey. This course delves into the intricate dynamics of supply chains, focusing on the critical aspects of sourcing excellence. The curriculum is designed to provide a deep understanding of the inbound flow of products, information, and finances within the supply chain network.
Throughout the course, learners will have access to lectures, readings, discussions, and practice quizzes. By the end of the program, participants will gain expertise in managing sourcing operations and optimizing supply chain processes.
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Sourcing Excellence comprises four modules: Core Sourcing Elements, Sourcing Information Systems and Forecasting, Supply Chain Financing, and Sourcing Excellence Capstone. Participants will explore critical aspects of sourcing and supply chain management, gaining valuable insights and skills for effective operations.
Welcome to Module 1: Core Sourcing Elements. This module delves into the fundamental elements of sourcing, including inventory coordination, vendor management, and supplier relationship management. Participants will gain a comprehensive understanding of core sourcing practices and their impact on supply chain efficiency.
Module 2: Sourcing Information Systems and Forecasting provides a detailed exploration of inbound information flow, procurement-to-pay systems, and forecasting methods. Participants will learn to assess and select the most effective forecasting techniques, enhancing their ability to make informed sourcing decisions.
Module 3: Supply Chain Financing focuses on outbound financial flows, payment practices, and supply chain finance decisions. Participants will gain insights into payment options, cost of capital, and effective working capital management, enabling them to optimize financial flows within the supply chain network.
Module 4: Sourcing Excellence Capstone offers a real-life case analysis and a supply chain management project. Participants will have the opportunity to apply their knowledge and skills to analyze a company of their choice, demonstrating their expertise in sourcing and supply chain management.
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