INTRODUCTION:
This topic examines the core principles and best practices in strategic sourcing, a critical function in supply chain management. It covers supplier selection, cost analysis, and value optimisation methods while ensuring ethical and sustainable practices. Participants will learn to develop sourcing strategies that enhance efficiency, reduce costs, and drive competitive advantage.
LEARNING OUTCOMES:
- Understand the fundamentals of strategic sourcing
- Evaluate supplier selection and cost analysis techniques
- Develop sourcing strategies that maximise value
- Apply ethical and sustainable sourcing practices
- Enhance negotiation and relationship management skills
- Integrate strategic sourcing into overall supply chain management
INDICATIVE MODULES:
- Introduction to Strategic Sourcing
- Supplier Selection Criteria
- Cost Analysis and Value Optimisation
- Negotiation Strategies in Sourcing
- Ethical and Sustainable Sourcing Practices
- Strategic Sourcing Frameworks
- Risk Management in Sourcing
- Supplier Relationship Management
- Case Studies in Strategic Sourcing
