Strategic Sourcing: 7 Steps for Better Procurement Value

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:

• Analyze internal spend and supply market dynamics to provide a foundation for sourcing plans
• Execute different sourcing strategies to optimize savings and ensure supply security
• Identify appropriate suppliers for effective execution of sourcing plans 
• Develop operational and strategic procurement processes for better value
• Implement different purchasing methods to streamline procurement operations
• Apply supplier integration techniques for sustainable supplier relations
• Manage performance of procurement processes for continuous improvement

Purchasing and supply chain professionals at all levels of the organization as well as other company personnel who are involved in the purchasing process.

• Integrating vendors
• Managing vendor performance
• Applying sourcing strategies
• Analyzing markets
• Thinking strategically
• Improving performance