Sourcing Excellence

Sourcing manages the flow of raw materials that are required for the company to build its products. The main goals are to understand the main decision points of products entering the firm, as well as procurement decisions. The module is made up of three lessons: 1. Raw Material Inventories, 2. Quality, 3. Procurement Excellence.

This module will introduce you to procure-to-pay systems, which are one of the most popular types of systems companies are currently implementing. The other part of the module features some hands-on work. We will go over forecasting algorithms. If you had experience with forecasting or have successfully completed the Supply Chain Planning course, this will be a repetition and you can just skip to the quiz.

In this module, we will cover financial flows with suppliers. This includes how companies are trying to preserve their capital by extending payment terms, a tool called supply chain finance that can help provide liquidity in supply chains, and an overview of payment practices.

Now that we have reached the end of this course, it is time to put all of your new knowledge to the test. Not only will you be able to take a second attempt at your SCM project by improving your original submission and adding a new section on information flow. Finally, you will perform a quantitative analysis of a real-life business case and suggest improvements.