This management course is designed into comprehensive modules addressing the end-to-end Strategic Sourcing Lifecycle. It focuses on supplier collaboration, sustainable procurement, contract management, and value chain analysis, which allows participants to become a master in sourcing best practices for improved supplier performance and risk mitigation.

1: An Overview of Strategic Sourcing

Definition, significance, and benefits
Learning the Strategic Sourcing Lifecycle
Essential Components of a Strategic Sourcing Framework

2: The Procurement Process

Procurement process steps
Role of procurement in organizational success
Separating tactical buying from Strategic Sourcing

3: Market Intelligence & Market Analysis

Effective market analysis
Using market intelligence to conduct supplier research
Evaluating supply market competitiveness

4: Supplier Selection & Evaluation

Supplier selection criteria
Competency supplier evaluation methods
Rating supplier performance against KPIs

5: Supplier Relationship Management & Collaboration

Developing effective supplier relationship management systems
Guiding principles of supplier collaboration
Strategic partnerships for business development

6: Negotiation and Contract Management

Negotiation skills for win-win results
Vendor negotiation training
Contract management through effective contract negotiation and contract management

7: Cost & Risk Management

Cost reduction and cost management are key principles
Detection and management of supplier risk
Rollout of risk management plans
Tools and strategies to mitigate supplier risk

8: Value & Performance Optimization

Holding a strong value proposition
Using supplier performance metrics
Spearheading procurement optimization initiatives
Total cost of ownership management

9: Sourcing Strategy and Category Management

Designing an effective sourcing strategy
Implementing category management principles
Sourcing decision-making and procurement strategy alignment

10: Sustainable and Global Sourcing

Global sourcing challenges and opportunities
Incorporating sustainable sourcing principles into a sourcing process
Sourcing process improvement objectives

11: Advanced Sourcing Methods

Implementing best practices in sourcing for competitive advantage
Managing diversity with suppliers to enhance innovation
Resolving complex multi-party negotiation situations
Facilitating cross-functional collaboration throughout sourcing projects

London Crown Institute of Training's Strategic Sourcing Skills Training Course equips procurement professionals with the skills to unlock value, mitigate risk, and devise resilient sourcing strategies in today's dynamic supply landscape.

Strategic Sourcing Skills Training Course in Dubai

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