Sourcing Analytics
It is easy to spend money, but hard to get the value.From 2007 to 2010, Apple made $27 billion from iPhone with a profit of $15.6 billion. Apple could not achieve this success without its global sourcing strategy. However, one of Apple’s key suppliers, Samsung Electronics, became a competitor and used its cost advantage to over-take Apple in the global market. Meanwhile, many new suppliers and products are emerging constantly. To continue the success, Apple must explore the global markets to identify and select new suppliers that are capable, inexpensive and financially robust. The question is, how to do it right for this year?
What Apple experienced is typical in practice, as a company may have thousands of suppliers, and numerous new suppliers and products / services emerge constantly and globally, which requires a frequent adjustment of the supply base.
In this course, you will learn sourcing analytics which applies data analytics and business intelligence to supplier development and management. Specifically, you will learn market intelligence, bargain power analysis, and supplier analysis, to identify and select suppliers with the objective of getting more value with less spend.
Sourcing intelligence to help companies identify and select suppliers for critical components.
Sourcing analytics framework on how analytics can help with sourcing.
Bargain power analysis to support better negotiation and bargaining with suppliers.
Syllabus
Syllabus - What you will learn from this course
Week 1
Welcome!
Week 2
Sourcing Criteria and Market Intelligence
Week 3
Bargain Power and Supplier Analysis
Week 4
Supplier Score Sheets and Mini-project
FAQ
When will I have access to the lectures and assignments?
Access to lectures and assignments depends on your type of enrollment. If you take a course in audit mode, you will be able to see most course materials for free. To access graded assignments and to earn a Certificate, you will need to purchase the Certificate experience, during or after your audit. If you don't see the audit option:
What will I get if I purchase the Certificate?
When you purchase a Certificate you get access to all course materials, including graded assignments. Upon completing the course, your electronic Certificate will be added to your Accomplishments page - from there, you can print your Certificate or add it to your LinkedIn profile. If you only want to read and view the course content, you can audit the course for free.
Is financial aid available?
Yes. In select learning programs, you can apply for financial aid or a scholarship if you can’t afford the enrollment fee. If fin aid or scholarship is available for your learning program selection, you’ll find a link to apply on the description page.
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