Outsourcing results in the supply chain functions being performed by a third party. The Supply Chain Logistics course will cover transportation, warehousing … Some of the sourcing strategies that are used in supply chain management today include: Single sourcing: A method whereby a … Strategic sourcing is an approach to supply chain management that formalizes the way information is gathered and used so that an organization can leverage its consolidated purchasing power to find the best possible values in the marketplace. This involves aligning supply chain sourcing strategies, driving stakeholder engagement, and setting and communicating the right metrics internally and externally to drive the right behavior. Advanced Programme in Sourcing and Supply Chain Management (71218) Duration: One year Purpose: The aim of the programme is to provide employees in purchasing, sourcing and supply related fields with a broader vision of and insight into strategic sourcing, the supply chain management approach, negotiations and global sourcing. Supply chain sourcing and procurement leaders must move beyond short-term cost management to leverage supplier capabilities to their maximum advantage in a structured and segmented fashion. The Supply Chain Management Specialization is made up of four basic courses in logistics, operations, planning, and sourcing, followed by a capstone course in Supply Chain Management Strategy. If you are in supply chain field, you should know that it’s a major decision whether you outsource your production/function or perform in-house. Sourcing is the entire set of business processes required to purchase goods and services. A periodic review of the sourcing strategy ensures achievement of desired results and continued alignment with business objectives.

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