Creating Value Through Sourcing

Indian Institute of Management Indore

Indian Institute of Management Indore

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Who should attend

Executives involved in procurement, purchasing, sourcing and supplier development, contract negotiation activities.

About the course

Sourcing costs typically account for a major chunk of total planned/budgeted costs for many firms. Yet firms are unable to leverage the true value from sourcing activity. Oftentimes, sourcing decisions are related to procuring various products, services, sub-assemblies, and at times capital equipment as well. Many firms have been transforming their traditional purchasing activity into the sourcing activity realizing strategic role of sourcing. It is important for the executives to know how to add value to their organization by implementing best sourcing practices.

Objectives

This programme introduces the participants to the strategic sourcing, spend analytics, sourcing process, sourcing strategies, vendor development, risk management, negotiation, e-sourcing, and best practices to realize the competitive benefits from sourcing within an organization and across it’s the supply chain. It will also showcase recent trends in sourcing, application of new technology such as IoT, Blockchain in sourcing.

Content

The programme shall cover the broader topics related to sourcing. An indicative but not exhaustive list is given below

  • Strategic role of sourcing in a firm
  • Category Management: leveraging value from spend categories
  • Spend Analytics
  • Selection of suppliers
  • Measuring supplier performance
  • Buyer – Supplier Relationships
  • Supply Contracts
  • Negotiation for Sourcing
  • E-sourcing
  • Managing world class supply base : Inventory and logistics Planning
  • INCO Terms
  • Sustainability in sourcing
  • Recent trends in sourcing: To showcase applications of new technology such as IoT, AI and Blockchain in sourcing

Experts

Bhavin Shah

Bhavin J. Shah is working as faculty in the area of Operations Management and Quantitative Techniques at IIM Indore. Education Bhavin holds PhD in Statistics and Operations Research from School of Sciences, Department of Statistics at Gujarat University. He obtained Master of Science in Statistic...

Creating Value Through Sourcing at Indian Institute of Management Indore

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Disclaimer

Coursalytics is an independent platform to find, compare, and book executive courses. Coursalytics is not endorsed by, sponsored by, or otherwise affiliated with any business school or university.

Full disclaimer.

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