Enjoying the preview?
This is the free first lesson. Get full access — request a demo or sign in.
Working With Suppliers
Build strategic supplier relationships for long-term successPreview the first lesson free — get full access to all 8 lessons.
Intermediate Provider : KnowledgeCity 8 Lessons · 23m in Arabic, English, Spanish
Course Description
In this course on Working With Suppliers, you will learn how to evaluate and select suppliers, develop strong partnerships, and manage global sourcing and compliance. Discover how to operate legally and ethically while sustaining positive relationships that drive your company's success.
Selecting the right suppliers is an important process for any business. This course will guide you through the best practices for identifying and evaluating potential suppliers. You will learn how to define your organization’s requirements, research potential suppliers, and conduct effective negotiations to ensure you get the best value and quality. Developing strong supplier partnerships goes beyond mere transactions, and this course emphasizes the importance of building trust and collaborating for mutual benefits. You will explore strategies for continuous improvement and innovation, which can lead to higher efficiency, reduced costs, and enhanced product quality. This course also covers the complexities of operating across borders, including compliance with international trade laws, managing logistics, understanding cultural differences, and mitigating currency and geopolitical risks. By the end of this course, you’ll have the skills to create and manage effective supplier relationships.
What You'll Learn
- Evaluate and select suppliers based on strategic criteria
- Develop and maintain strong supplier partnerships built on trust and collaboration
- Manage global sourcing and navigate international trade complexities
- Ensure legal and ethical compliance in supplier management
- Implement strategies for continuous improvement and innovation in supplier relationships
- Define organizational requirements, research potential suppliers, and conduct effective negotiations
Key Takeaways
- Selecting the right suppliers requires defining your organization's requirements, researching potential suppliers, and conducting effective negotiations to secure the best value and quality.
- Strong supplier partnerships go beyond transactions, emphasizing trust and collaboration for mutual benefit.
- Strategies for continuous improvement and innovation can lead to higher efficiency, reduced costs, and enhanced product quality.
- Operating across borders involves complying with international trade laws, managing logistics, understanding cultural differences, and mitigating currency and geopolitical risks.
- Effective supplier management depends on operating both legally and ethically while sustaining positive relationships.
Frequently Asked Questions
What will I be able to do after completing this course?
You will have the skills to create and manage effective supplier relationships, including evaluating and selecting suppliers, developing strong partnerships, and managing global sourcing and compliance.
What topics does this course cover?
The course covers selecting and evaluating suppliers, supplier partnerships, legal and ethical considerations for purchasing, managing relationships with suppliers, and global sourcing and international trade.
Does this course address international and cross-border sourcing?
Yes. It covers the complexities of operating across borders, including compliance with international trade laws, managing logistics, understanding cultural differences, and mitigating currency and geopolitical risks.
What skills does this course help develop?
It helps develop skills in global sourcing, supplier management, and sustainable procurement.
How is the course structured?
The course is organized into lessons covering an introduction, selecting and evaluating suppliers, supplier partnerships, legal and ethical considerations for purchasing, managing relationships with suppliers, global sourcing and international trade, and a Test Your Knowledge section.
Professional Certifications and Continuing Education Units (CEUs)
Society for Human Resource Management (SHRM®)
Professional Development Credits (PDCs): 0.5
KnowledgeCity is approved by SHRM as a Recertification General Provider to offer SHRM-CP or SHRM-SCP professional development credits (PDCs). By taking the courses approved by SHRM, KnowledgeCity can award SHRM Professional Development Credits (PDCs) for HR knowledge and competency programs related to the SHRM Body of Applied Skills and Knowledge™ (the SHRM BASK™).
