Essentials of Strategic Sourcing

THE COURSE OVERVIEW

Strategic Sourcing is a rigorous process to develop and implement highly advantageous supplier agreements for all externally purchased goods and services. It requires continually managing supplier relationships to achieve corporate strategic goals.

BENEFITS OF ATTENDING

The Certified Strategic Sourcing Professional program is the only one of its kind in existence in that it ensures that the holder of the designation is capable of sourcing strategically. Strategic sourcing is an approach to supply chain management that formalizes the way information is gathered and used so that an organization can leverage its consolidated purchasing power to find the best possible values in the marketplace. Strategic sourcing requires analysis of what an organization buys, from whom, at what price and at what volume. Strategic sourcing differs from conventional purchasing because it places emphasis on the entire life cycle of a product not just its initial purchase price.

COURSE OUTLINE

• Introduction to Strategic Sourcing

Stakeholder Analysis

Project Scoping

Identifying Business Needs

• Category Profiling

Spend Analysis

Opportunity Analysis

Portfolio Analysis

Supplier Preferencing

Supply Market Analysis

• Sourcing Strategy

Sourcing Strategy and Tactics Development

• Sourcing Event

PACE Model

Price Analysis

Issuing the RFx

eSourcing

• Supplier Evaluation

Supplier Shortlisting

• Sourcing Recommendation

Negotiation

Contract Management

• Implementation

Key Performance Indicators

• Supplier Relationship Management

WHO SHOULD ATTEND?

· Procurement & Supply Management Professionals

· IT Managers

· Trade & Marketing Professionals

· Production Engineers

· Human Resources

· Logistics & Distribution Manager

· Materials Managers

· Operations Managers

· Contract Manager

· Sourcing Managers