Description

Best-in-class companies recognize strategic sourcing as a value creator and consider it to be integral to their overall strategies for growth. To become a world- class procurement organization in the 21st century, a company requires various competencies that will enable it to effect strategic sourcing and transfer value throughout the supply chain from supplier to customer.

Strategically sourcing product or services is far more than a simple allocation of business to suppliers by the purchasing function. It is a multi-functional activity that produces a plan of action for several years. Successful sourcing strategies are built on a rigorous analysis of the buy, the supply industry, and the fundamental drivers of value.

Objectives:

On completion of this workshop training, the participants will be able to apply set of appropriate tools and techniques that can assess sourcing options available to organizations when procuring goods, services or works from external suppliers. The participants will have good understanding on the following and will be able to apply to their respective workplace:

• • The sourcing process
  • Supplier Relationship Management
  • Sourcing strategies
  • Prequalifying the suppliers

Who is this course for?

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
• Those who are involved in the planning, evaluation, preparation and management of purchasing, tenders, contracts that cover the acquisition of materials, equipment, and services