Strategic Sourcing Workshop

Management Concepts

How long?

  • 3 days
  • in person, online

What are the topics?

Management Concepts

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.

Read more about Marketing

Marketing courses will plunge you into the vast field of marketing. In these courses, you will learn a variety of topics that cover each stage of runn...

Read more about Operations

Operations management has recently become a crucial part of any company's framework. This complex process focuses on reducing organizational expenses ...

Read more about Strategy

In order to keep the company that you are managing or your own business competitive, you need to have a clear plan of action, in other words, you must...

Who should attend

This course is designed for acquisition professionals including contracting officers, program managers, supply chain managers, and other personnel who need to understand the strategic sourcing process.

About the course

Acquisition 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. You will gain experience analyzing government spending data to make strategic sourcing decisions during this hands-on workshop. You will work through a case study that guides you through the process and exposes you to unexpected challenges along the way. While you don’t need to be a contracting expert, you should be prepared to use critical thinking and problem-solving skills.

Learning Objectives

  • 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

Course Topics

What is Strategic Sourcing?

  • Definitions
  • Why Do Strategic Sourcing
  • Common Myths
  • Strategic Sourcing Benefits
  • Industry and Strategic Sourcing
  • The Strategic Sourcing Process

Opportunity Assessment

  • Conduct a High-Level Spend Analysis
  • Evaluate and Prioritize Commodities
  • Develop a Strategic Sourcing Plan

Strategy Development

  • Profile a Commodity
  • Analyze the Supply Market
  • Develop a Commodity Strategy

Strategy Implementation

  • Develop the Acquisition Strategy
  • Develop a Transition Plan

Commodity Management

  • Manage Internal Processes, Policies, and Technologies
  • Manage Supplier Relationships
  • Monitor Customer Needs and Markets
  • Measure and Report Performance
  • Guiding Principles
  • Case Study 5-1: Performance Management

Lessons Learned and Best Practices

  • Lessons Learned
  • Resources to Support Strategic Sourcing Initiatives

Strategic Sourcing Workshop at Management Concepts

From  $969

Something went wrong. We're trying to fix this error.

Thank you for your application

We will contact the provider to ensure that seats are available and, if there is an admissions process, that you satisfy any requirements or prerequisites.

We may ask you for additional information.

To finalize your enrollment we will be in touch shortly.

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.

Read more about Marketing

During Marketing courses, you will learn how to develop a business idea and create the right website to promote your product. You will gain the skills to analyze your business performance and make key decisions that improve the efficiency of your bus...

Read more about Operations

When it comes to operations control, whether you’re trying to optimize workflow or marketing and sales operations, you need to impact as many variables at once as possible in order to have a greater effect. However, it's not always that easy. How sho...

Read more about Strategy

Strategy courses contain a large amount of practice. You will be able to analyze the company's performance and make a strategic development plan. All practices are based on real cases that each of you may encounter. The courses will also introduce yo...

Because of COVID-19, many providers are cancelling or postponing in-person programs or providing online participation options.

We are happy to help you find a suitable online alternative.