About this Specialization
We will start with a “proven” model for Strategic Sourcing, then move on to the very important topic of Supplier Management. In Supplier Management, you will learn how to select and evaluate suppliers, implement appropriate contracts, and how to mitigate risks. In Supply Market Analysis, you will learn and understand various tools and techniques to evaluate supply markets. Lastly, the course will cover the very important topic of negotiation. Outside reading will be provided to reinforce your knowledge. In addition, case studies will be used to bring these learning to life, and assessment will be used to test your overall knowledge.
Applied Learning Project
In addition to the videos, readings, and podcast, learners will use their learned knowledge and newly acquired skills to solve/answer questions for "real" life cases. These cases are required and will be assessed by a Peer group. The last case in the Negotiation course, the student has an additional option to answer not only as a buyer but as a seller. That will bring more of a "real" life negotiation.
WHAT YOU WILL LEARN
Why Procurement is important to the firm and it works within the firm
How to select and evaluate suppliers
Learn how to analyze supply markets
Iimprove your negotiation skills and thereby improve your outcomes
About the instructor
Don Klock is a senior global procurement and supply chain executive with over 30 years of international and domestic experience with major multinational consumer products corporations, such as Colgate Palmolive, Mars, Inc. and Reckitt and Benckiser. After retiring from Colgate Palmolive, he decided to pursue a second career in teaching. He currently is a professor of Supply Chain Management at the Rutgers University Business School. In 2008, Don completed an 11- year career at Colgate Palmolive where most recently he was Vice President-Chief Procurement Officer. During his tenure, he completed a 4-year global procurement transformation, achieving saving in excess of $1 billion. Professor Klock’s areas of expertise are global procurement & sourcing, cost saving identification, supplier innovation, supply chain systems and processes, customer service improvement, talent management and change management. In 2014, he received Procurement Leaders Lifetime Achievement award recognizing him for both his business and academic contributions. Last year, Don along with two other senior global procurement leaders launched a subscription based on-line procurement training website called Procuretrain (www.procuretrain.com). Procuretrain is the first global digital learning platform specifically designed for procurement and supply management professionals. Don holds an MBA from University of Rochester in Operations Management and BS from Clarkson University in Engineering and Management. He resides with his wife in New York City.