7 Steps Strategic Sourcing || Category Management

7 Steps Strategic Sourcing || Category Management

Have you been dealing with Procurement for long but there is no progress in your career? Could you be missing one important skill - strategic thinking and planning? Learn the 5 phases and 7 steps in Strategic Sourcing today, the commonly used skills in large corporation to drive Supply Chain efficiency and meeting cost savings target. We will discuss the essential elements in each step, including the recommended approaches to solve the problems.

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This Course includes the below

1. The brief of 7 Steps Strategic Sourcing

2. Spend Analysis (Internal Analysis) – what are the right information to analyse and where to gather the information.

3. Understand Clients’ Requirements (How to approach client/stakeholders with right set of questionnaires)

4. How to Strategize Market Intelligence (how and where to gather data, how to convert data into useful info, including Pestle Analysis, Market Index, Porter's 5 forces, SWOTT, Risk management, Supplier profiling)

5. Strategy Development (How to derive sourcing strategies using different matrix/tools)

6. How to create winning RFx (Include Tender process, RFx, Savings Type & Assignment, INCOTERMS & Negotiations)

7. How to make sure my project is implemented SMOOTHLY (Include contract drafting, project planning)

8. Performance Development Plan (Includes supplier performance review)

9. Actual Sourcing Project Reference

Analysis, market intelligence, Cost Savings, Strategy, Tender, Contract, Negotiation

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What you will learn

• 5 phases and 7 steps of Strategic Sourcing in details.
• The Analyze Phase - Spend Analysis, Understanding Customers and Market Intelligence
• The Strategy Phase - How to select the right Sourcing Strategies

Rating: 3.7

Level: Intermediate Level

Duration: 7 hours

Instructor: The Sourcing Station .