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Strategic and Global Sourcing Course


United Kingdom

28 Oct - 01 Nov, 2019  5 days

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USD 4,500

Venue: London

This course focuses on optimising the "Supply" in Supply Chain Management. Strategic sourcing enhances efficiency and value, ultimately impacting the profitability of your entire organisation. In this essential course, you will learn how to develop and implement a global sourcing and procurement strategy that aligns with your overall competitive strategy.

Who Should Attend

This strategic and global sourcing training course is designed for procurement professionals who need to understand the strategic sourcing process in order to participate on a strategic sourcing acquisition team. It is suitable to a wide range of professionals but will greatly benefit procurement officers, contracting officers, supply chain professionals and programme managers. Those who are involved in the planning, evaluation, preparation and management of purchasing, tenders, contracts that cover the acquisition of materials, equipment, and services will find it course useful too.

Course Outcomes

Delegates will gain knowledge and skills to:

  • Develop a strategic sourcing strategy that achieves tangible results
  • Implement the strategic sourcing strategy to maximize total cost savings
  • Plan for and carry out successful supplier selection processes
  • Evaluate supplier proposals in a structured and transparent way
  • Develop critical supply strategies
  • Define the benefits from developing strategies through enhanced understanding of the suppliers’ viewpoint
  • Capture all the internal and external information on requirements, categories and suppliers
  • Establish processes to manage performance of the strategic sourcing contract
  • Apply best practices and lessons learned in strategic sourcing efforts

Key Course Highlights

  • Strategic sourcing: critical elements and keys to success
  • Definition of a global sourcing strategy
  • Pros and cons of local and global sourcing
  • Collaborative supplier development
  • Strategic cost management
  • Pursuing global supply management excellence
  • Understanding business requirements
  • Supplier and supply market research
  • Total cost of ownership/cost models
  • Strategic analysis and generating options
  • Analysing and mitigating risks
  • Sourcing strategy development
London Oct 28 - 01 Nov, 2019
USD 4,500.00(5 days)
USD 8,500.00(10 days)
(Convert Currency)

Murphy Unuakhe 09056761232

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