Welcome to global procurement and sourcing specialization. This is where you'll learn
about the importance of procurement to your firm, its stakeholders,
and even suppliers. Just to walk you very quickly through the overall
specialization, we're going to start
with a proven model of strategic sourcing and then
we're going to move on to the key topic of
supplier management. In supplier management,
you'll learn how to evaluate and select suppliers, implement appropriate contracts, and how to mitigate risk. In supply market analysis, you'll learn how to
understand various tools and techniques to evaluate the
overall supply markets, and lastly, in the last course, we're going to talk about the very important
topic of negotiation. We're going to use
outside reading to reinforce your knowledge. In addition to the
outside readings, we'll have cases that will
bring these learnings to life. There will be assessments
that will be given throughout the course to
test your overall knowledge. In just a couple of minutes, we're going to welcome
you to course number 1. That basically does three things. One, we're going to talk about my background and a little
bit of background on records, talk about who should
take this course, and then what the flow
of the course will be. Following that very
brief introduction when you go into course 1, you're going to get
the opportunity to read about some of the
current challenges that are facing procurement and
sourcing professionals today through various reading. I've accumulated 10 articles off the net and other sources where you get a pretty good feel for what's going on anywhere
from why procurement is important to how to
collaborate with suppliers. These articles of
knowledge will just give you a good foundation
for the rest of the course. What we're going to do
in this course is talk about tools and processes and techniques that you can address many of
these opportunities. Lastly, in course 1, there'll be a very brief
two-folds assessment to make sure you understood the 10
articles that are in course 1. Thank you and look forward
to seeing you in course 1.