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Strategic Sourcing of Suppliers

Strategic Sourcing of Suppliers

45mIntermediate2024-02-09

Authors

CRFT Productions

CRFT Productions

Full-Service Learning Content Company

Martin John

Martin John

Procurement, Negotiation, and Management Skills Trainer and Specialist

Course details

Your suppliers can have an enormous impact on the success of your business. Their performance and stability affect your profit margins, risk levels, smooth production and, ultimately, either the survival or the thriving of your company, so choosing them well is crucial to success. In this course, Martin John helps you master the art of strategically sourcing your suppliers. He shows you the nuances like directly engaging stakeholders, and profiling categories with precision. He details the comprehensive supply market analysis tools you can use to assess and protect your buying power and select the most suitable strategic options. From evaluation and negotiation to contract management, Martin shows you how to equip yourself with the skills necessary to continually source strategically.

Skills covered

Business StrategyBusiness Analysis and StrategyLeadership and ManagementOne-Off

Concepts

0. Introduction

  • 01 - Strategic sourcing of suppliers

1. Understanding the Basics of Strategic Sourcing of Suppliers

  • 02 - What is strategic sourcing of suppliers
  • 03 - Strategic sourcing and category management differences
  • 04 - How to engage with stakeholders

2. The Seven-Step Strategic Sourcing Process - Steps One and Two

  • 05 - Profiling the category
  • 06 - Supply market analysis - Porter s five forces
  • 07 - Supply market analysis - Other tools

3. How to Protect Your Buying Power

  • 08 - Protecting your buying power

4. The Seven-Step Strategic Sourcing Process - Steps Three and Four

  • 09 - Choosing your strategic options
  • 10 - Building your sourcing strategy
  • 11 - Choosing the best go-to-market approach

5. Value Creation When You Have No Supplier Choice

  • 12 - Value-creation options if you don t go to market

6. The Seven-Step Strategic Sourcing Process - Steps Five to Seven

  • 13 - Bid evaluation, negotiation, and supplier selection
  • 14 - Successful supplier implementation
  • 15 - Contract management - How to get what you ve agreed

Conclusion

  • 16 - Continuing to strategically source

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