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Procurement, Integration and Reverse Logistics Series
Know the ins and outs of corporate strategyPreview the first lesson free — get full access to all 15 lessons.
Essential Provider : Michael D. Ford 15 Lessons · 36m in Arabic, German, English, Spanish, French, Portuguese, Chinese
Course Description
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.
What You'll Learn
- Understand procurement (purchasing) and its two key components, and how it relates to corporate strategy
- Identify the types of procurement options and the role of strategic sourcing
- Define supply chain integration and distinguish internal versus external integration
- Compare vertical versus horizontal integration, including the benefits and drawbacks of each kind
- Describe the different types of reverse logistics, including returns and repairs
- Explain green supply chains and how the five Rs of sustainability factor into them
Key Takeaways
- Procurement, also known as purchasing, has two key components and connects directly to corporate strategy through strategic sourcing.
- Supply chain integration can be internal or external and vertical or horizontal, with each type carrying its own advantages and limitations.
- Reverse logistics covers returns and repairs and can support a green supply chain.
- A green supply chain applies the five Rs of sustainability to maintain environmentally responsible operations.
- The course is taught by Michael D. Ford and is organized into three chapters covering procurement, integration, and reverse logistics.
Frequently Asked Questions
What topics does this course cover?
The course is organized into three chapters covering procurement (purchasing) and its components and relation to corporate strategy, supply chain integration (internal versus external and vertical versus horizontal), and reverse logistics including returns, repairs, and green supply chains using the five Rs of sustainability.
Who teaches this course?
The course is taught by Michael D. Ford.
What skills will I gain from this course?
You will build skills in Integrated Logistics Support, Logistics, Procurement Management, Reverse Logistics, Strategic Procurement, and Supply Chain Integration.
How is the course structured?
The course is broken down into three chapters and includes lessons such as Procurement Components, Strategic Sourcing, Internal versus External Integration, Vertical versus Horizontal Integration, Returns, Repairs, and Green Supply Chains and Sustainability, with Test Your Knowledge checks and a Conclusion.
What will I learn about reverse logistics?
You will learn about the different types of reverse logistics, including returns and repairs, and how green supply chains use the five Rs of sustainability.
