Strategic Sourcing
iACADEMY
Enrollment is Closed
Course Overview
With this course, we hope to give you the skills you need to start your eCommerce store. Please note that the idea for this course is to introduce you to the art and science of strategic sourcing. While it plans to cover the most important pieces, this is not meant to be exhaustive nor should you expect to be an expert upon completion. The goal is to show the major pieces of sourcing in a fun manner which will encourage you to learn more.
What You Will Learn
Upon completion of this course, the learners are expected to:
- demonstrate a deep understanding of how a well-functioning supply chain is built;
- determine whether to make or buy a raw material; and
- evaluate and assess supplier performance by completing the lessons and assessments of the course.
Course Instructor
Bonnie Factor
Subject Matter Expert
Course Content
Module 1: Purchasing, Supply Management, and Strategic Sourcing
10 Videos | 4 Activities
10 Videos
- Welcome to the course!
- Beginning a Strategic Mindset
- Establishing a Start and Endpoint
- Innovation and Supply Management
- Defining Product Sourcing
- Product Sourcing Strategies
- Improving your Product Sourcing Strategy
- Where and How to Find Trending Products to Sell
- Potential Market Size or Demand, Target Customers, and Potential Selling Price
- Questions to Ask Suppliers
4 Activities
- Recall Activities
- Exit Assessment: Case study
Module 2: The Make vs Buy Decision
2 Videos | 3 Activities
2 Videos
- Principles of Make-Versus-Buy Decisions (Questions that can help you in Decision-making)
- Benefits and Risks of Outsourcing
3 Activities
- Recall Activities
- Exit Assessment: Case study
Module 3: Supplier Segmentation
2 Videos | 3 Activities
2 Videos
- Advantages and Risks of Having Only One Supplier
- Advantages and Risks of Having Multiple Suppliers
3 Activities
- Recall Activities
- Exit Assessment: Case study
Module 4: Maximizing Profits with Best Sourcing Practices
4 Videos | 4 Activities
4 Videos
- Supplier Evaluation and Score Carding
- “Eat First” Mentality
- Ideal Profit Margin
- Key takeaways
4 Activities
- Recall Activities
- Exit Assessment: Case study
- Capstone