Procurement, Integration and Reverse Logistics Series

Procurement, integration and reverse logistics are all complex, multi-faceted concepts that each have their respective place in the world of corporate strategy. How else can a company acquire its goods and services? Or maybe it needs to take control of a part of the manufacturing process that it’s been outsourcing in order to bring down costs. Perhaps a product needs to be recalled for to protect both the consumer and the company’s reputation. All of these are crucial to operations, and Michael D. Ford’s course will break everything down for you in three chapters.

First, you will become familiar with how procurement, also known as ‘purchasing,’ works. The course will dive into the major components of procurement, how it relates to corporate strategy, and the role of sourcing. For integration, you’ll receive in-depth information on the different types, from internal versus external to vertical versus horizontal. Along with that, you’ll see how each type of integration has its advantages and disadvantages. Finally, you’ll learn about the facets of reverse logistics, from returns and repairs, to the tenets of maintaining a green supply chain by using the five Rs of sustainability.

Learning Objectives:

• Know the fundamentals of procurements two key components
• Learn the basic definition of corporate strategy and how procurement relates to it
• Know the types of procurement options
• Know what supply chain integration is
• Recognize the differences between internal and external integration
• Recognize the differences between vertical and horizontal integration
• Know the benefits and drawbacks of these kinds of integration
• Know the different types of reverse logistics
• Understand green supply chains and how the five Rs of sustainability factor into them