Effective Strategic Sourcing in Procurement Management

Course Objectives

• DEVELOP your judgement in evaluating the merit of sourcing from suppliers at a strategic level
• ANALYZE the favorable impact that strategic sourcing and early supplier involvement
• COLLABRATE how cross-functional category teams can be used to develop sourcing/procurement specifications
• ENHANCE your proficiency in writing Requests for Quote, Requests for Proposals and Requests for Quote
• IMPROVE your negotiation skills
• ENABLE you to effectively manage a Statement of Work/contract
• EVALUATE the results of your strategic sourcing and procurement decisions.

Target Audience

This course is designed for procurement professionals who need to understand the strategic sourcing process in order to participate in a strategic sourcing acquisition team.
This course is suitable to a wide range of professionals but will greatly benefit:
Procurement Officers, Contracting Officers, Supply Chain Professionals, Program Managers, Senior Manager, Manager, Executive, Office, Junior Executive from Supply Chain, Finance, Purchasing and those who are involved in the planning, evaluation, preparation and management of purchasing, tenders, contracts that cover the acquisition of materials, equipment, and services.

Methodology

This course will utilize a variety of proven adult learning techniques to ensure maximum understanding, comprehension and retention of the information presented. This course will combine variety of instructional methods including lecture by a world-class subject matter expert in procurement and supply chain strategy. This is a highly interactive and competitive course where the participants will work and compete in team exercises, group discussions covering current practices and their relationship to the implementation of new concepts.

Course Modules

MODULE 1: STRATEGIES 1: THE PLANNING OF SOURCING OBJECTIVE
MODULE 2: STRATEGIES 2: DEVELOPING STRATEGIC SOURCING PLAN
MODULE 3: STRATEGIES 3: PROCUREMENT DATA ANALYSIS AND MAKING INFORMED DECISIONS
MODULE 5: STRATEGIES 5: SUPPLIER SELECTION & QUALIFICATION
MODULE 6: STRATEGIES 6: NEGOTIATIONS, LAW AND CONTRACT MANAGEMENT
MODULE 7: STRATEGIES 7: SUPPLIER PERFORMANCE MANAGEMENT
MODULE 8: STRATEGIES 8: RISK MANAGEMENT