After a brief introduction, this course will first cover the on-going rational and challenges of worldwide sourcing. There were a lot of lesson learned as a result of Covid and the subsequent disruption of many supply chains. After reviewing the even more important topics of Supplier Quality and Risk Management, the course will cover three strategies to minimize risks: China +1, Near Shoring and Reshoring. Lastly, the very important topic of Total Cost of Ownership (TCO) is covered which is needed to evaluate these strategies.
What you'll learn
understand the impact of Covid-19 on global supply chains
evaluate Supplier Quality and Risk Management
apply strategies like China +1, Near Shoring, and Reshoring
calculate and consider Total Cost of Ownership in procurement decisions
Course objectives
to analyze the challenges of global sourcing in a post-pandemic context
to discuss effective risk management strategies in procurement
to educate on the concept of Total Cost of Ownership