It is only in the latter half of the last century that the importance of efficient sourcing has been widely recognized. There are still organizations where sourcing is generally recognized as a routine clerical service function concerned mainly with spending. Three important developments have enhanced the status of sourcing, the contribution of sourcing to profitability and added value, the evolution of professional sourcing the recognition of the strategic importance of sourcing.
Strategic sourcing management is concerned with policy decisions affecting the entire organization with the overall objective being to position the organization to deal effectively with its environment.
Participants will learn:
TRAINING OBJECTIVES
The Strategic Sourcing Workshop will increase participants’ competencies through a variety of instructional methods, individual and team exercises, group discussions and specific team assignments covering the main topics presented in the program. This is a highly interactive and competitive training course where the participants will work and compete in team exercises; whereby all participants will grasp the essential elements of sourcing strategies and procurement methods.
TRAINING SUMMARY
The Strategic Sourcing Workshop examines critical areas operating in the procurement world whereby participants will understand the sourcing strategies and the effects on their organization. It will specifically cover important areas to implement an organization wide sourcing strategy to maximize total cost savings and apply best practices and lessons learned in sourcing area.
The Strategic Sourcing Workshop is designed for procurement professionals who need to understand the impacts of strategic sourcing processes in order to participate in an efficient procurement team. This training course is suitable to a wide range of professionals:
The training course will also greatly benefit those who are involved in the planning, evaluation, preparation and management of purchasing, tenders and contracts that cover the acquisition of materials, equipment, and services.
Day 1 - Purchasing and the organization
Day 2 - Sourcing Strategy
Day 3 - Supplier Management
Day 4 - Negotiation
Day 5 - Sourcing Performance
