Strategic Sourcing - Santa Barbara, CA - Nov 6-7
Written By: Chris Akins Posted On: April 15. 2008 | Comments: (0)Duration: 2 Days Contact hours: 16 hours
Course level: Intermediate to Advanced Price: $1050
Optimize your supply network through applying the best category strategies.
Developing and managing effective supply networks is the key to an organization’s success. The most successful companies no longer rely exclusively on traditional competitive bidding to procure their strategic materials. Today’s purchasing managers must possess an understanding of how their purchasing decisions impact the organization, and be able to think strategically to support the organization’s long term goals. The development of appropriate supply strategies is critical to the proper design of the supply network and support of the corporate strategy. By employing strategic thinking in sourcing activities and supply network design, purchasing managers are able to gain stakeholder support for their activities and add maximum value to their organization.
Prerequisites: An understanding of the procurement process and basic sourcing principles.
What you will gain from this course:•Analyze the supply chain and develop appropriate supply strategies for your organization’s supply categories.
•Identify and develop the appropriate types of relationships to foster with your suppliers.
•An understanding of different sourcing methods, including e-sourcing, competitive tendering, sole sourcing, single sourcing, multi-stage bidding, and others.
•An appreciation of the value and limitations of early supplier involvement, open book pricing, long term agreements, risk and revenue sharing arrangements.
Who should attend this course:•Purchasing, category and commodity managers involved in development of sourcing strategies.
•Professionals from all functional areas such as engineering, marketing, project management, purchasing, operations and others who are involved in strategic sourcing initiatives.
•Managers from all functions who interface with the purchasing and are involved with managing strategic suppliers.
Course agenda:•Strategic sourcing process – An overview of the strategic sourcing process and context.
•Strategic sourcing initiation – Assessing the current structure and performance of the supply network.
•Supply chain analysis – Assessment of the supply network using various tools to analyze current and forecasted needs.
•Strategy creation – Interpreting data and structuring the supply network to deliver maximum value. Identifying and developing appropriate category strategies.
•Strategy implementation – Assessing risks and opportunities in strategy implementation. Identifying and selecting appropriate tools for sourcing within categories. Apply the most effective means of selecting and managing suppliers.
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