Sourcing Analytics

Published learning objectives:

Combining data analytics and sourcing to explore, evaluate and select the best suppliers to meet a company's needs.

Supplier intelligence to research, explore and identify potential suppliers.

Supplier benchmarking to compare suppliers side-by-side on pricing, profitability, risks and supplying capabilities.

Bargaining power analysis to measure suppliers' leverage and negotiation power.

Published course description:

It is easy to spend money, but hard to get the value.

Apple could not achieve the financial success of iPhone without its global sourcing strategy.However, Samsung Electronics, one of Apple’s key suppliers, became a competitor.Meanwhile, many new suppliers are emerging globally.

To continue the success, Apple must identify and select new suppliers that are capable, inexpensive and financially robust.The question is, how to do it right for this year?

What Apple experienced is typical in practice, as sourcing poses huge risks despite its significant benefits. In this world of global trade restructuring, companies are making frequent adjustments to their supply bases by evaluating and selecting suppliers constantly.

In this course, you will learn sourcing analytics which applies data analytics to supplier development and management.

Specifically, you will learn supplier intelligence, bargaining power analysis, and supplier benchmarking, to identify, evaluate and select the best suppliers meeting your company's needs.