BUS-P 320 Supply Chain Management: Global Sourcing
Sourcing, the process of acquiring goods and services to support an organization’s operations, has become a core capability vital to an organization’s success. This course is divided into three parts.
- Operational sourcing identifies the purchase function and activities, beginning with the purchasing cycle (P2P) and how it fits into the global supply chain including expediting/shortage management. As students are introduced to purchasing documents, policies and procedures, they also learn about the ethical issues often associated with purchasing and corporate social responsibility.
- Strategic sourcing refers to matching business with sourcing strategies, a role that is often played by a commodity and category manager.
- Future of sourcing focuses on several areas such as supply chain collaboration, securing innovation, global multi-tier sourcing, and enabling technologies including Industry 4.0, additive manufacturing, and blockchain with smart contracting. Students apply concepts learned with a case competition or a category/commodity sourcing project.