Sourcing Strategies
Purchasing has, according to the trends, become more strategically important for companies. The importance of suppliers and purchasing/sourcing increased significantly during the 1990s and was acknowledged by executive managers by the end of the decade (Trent, et al., 1998).
This course will address the “research-based” needs of logistics and other managers for required sourcing skills. This comprehensive three-day training workshop will ensure that participants will identify the right choice for hiring supplier/service provider in the most practical and cost effective scheme.
· Strategically plan a procurement
· The process of developing bids
· Understanding the legal framework
· Project cost estimation essentials
· Types of sourcing
· Criteria to analyze and select the appropriate type of sourcing
· Request proposals, quotations and tenders, including e-procurement.
· Able to utilize a wide variety of strategic procurement tools and techniques.
· Undertake risk analysis and evaluate submissions.
· Determine total cost of procuring products and services.
· Set out the terms and conditions of contract
· Critical Supply Strategies
· What is Supply Chain and Procurement
· Stakeholder Analysis
· Cost Analysis
· Supply Market Analysis
· E-Sourcing
· Sourcing Types
· Selecting the right sourcing strategy
· Developing Tender Evaluation Criteria
· Shrinking the Supply Base
· The Negotiation Process
· Communication Techniques
· Price and Cost Differences
· Negotiating Long Term Benefits
· Advanced Purchased Price Cost Analysis
· Key Performance Indicators
· Supplier Relationship Management
· Risk Management
This course is suitable for Logistics and supply chain managers, supervisors and heads of unit, Members of a procurement committee, Project and program managers, Board directors who need to have an understanding of procurement.