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6
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12
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4
The procurement department is often viewed and managed as an administrative function, with sourcing activities executed at arms length. Strategic sourcing addresses this issue by providing a strategic approach towards optimizing and continuously improving sourcing activities using a proven 7-step methodology. In this course, we describe the steps entailed in the strategic sourcing process. We outline an approach for developing product categories via an analysis of organizational spend. We then discover six go-to-market strategies and describe how each can be matched with different product categories. Finally, we identify the appropriate Key Performance Indicators (KPIs) required for the continuous improvement of sourcing activities.
This course uses a variety of individual and team exercises, case studies, questionnaires and videos.
By the end of the course, participants will be able to:
Purchasing and supply chain professionals at all levels of the organization as well as other company personnel who are involved in the purchasing process.
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