STRATEGIC SOURCING AND COMMODITY MANAGEMENT
Procurement professionals use strategic sourcing to acquire goods and services in a cost-effective way when tasked with finding the best possible value in the marketplace. Strategic sourcing process 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 supply industry and consider the fundamental drivers of value. This 3-day course provides delegates with a strategic insight on how to construct a spend analysis, develop a commodity plan, structure and manage sourcing projects, and manage implementation.
This is a three (3) day intensive course. The course is conducted through:
- Regular scheduled public courses
- On-site (In house) courses for organisations or sectors’
This course is designed for procurement professionals in the public and private
sectors who interface with internal clients and suppliers, and who need to
understand the strategic sourcing and commodity management.
Relevant work experience
By the end of this course, delegates will be able to:
- Explain the key objectives, benefits, and challenges of strategic sourcing
- Analyze an organization’s current spend strategy
- Assess and prioritize opportunities for savings
- Develop a strategic sourcing strategy based on agency data that achieves
agency goals - Implement the strategic sourcing strategy to maximize total cost savings,
value, vendor access, and socioeconomic participation - Establish processes to track and manage performance of the strategic
sourcing contract - Apply best practices and lessons learned in strategic sourcing efforts
Module 1: Introduction to strategic sourcing and commodity management
Module 2: Opportunity assessment
Module 3: Strategy development
Module 4: Strategy implementation
Module 5: Commodity management
Module 6: Lessons learned and best practices
This three day highly intensive course will utilise a variety of proven learning
techniques to ensure maximum understanding, comprehension and retention of the
information presented. This includes high levels of participant discussion, group
interaction, delegate group exercises and case studies.
A certificate of completion of course will be awarded to delegates who attend and
complete the training course as well as the award of CPD points.
Do you have 8 or more delegates and want to run this course Onsite?
Click here to request a quote and get more information about our onsite training.