Executive Development Programme in Strategic Sourcing & Selection
-- viewing nowThe Executive Development Programme in Strategic Sourcing & Selection is a certificate course designed to empower professionals with the skills necessary to excel in procurement and supply chain management. This program emphasizes the importance of strategic sourcing in achieving business objectives and provides a comprehensive understanding of the selection process.
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Course Details
• Strategic Sourcing Fundamentals: Understanding the strategic sourcing process, its benefits, and how it differs from traditional procurement
• Spend Analysis: Identifying and categorizing organizational spend to uncover savings opportunities and determine sourcing priorities
• Supplier Relationship Management: Building and maintaining effective relationships with suppliers to drive value and reduce risk
• Category Management: Organizing the procurement process by product or service categories to optimize sourcing strategies
• Contract Management: Developing, negotiating, and administering contracts to ensure compliance, mitigate risk, and optimize value
• E-Sourcing Technologies: Utilizing electronic tools and platforms to streamline the sourcing process, enhance collaboration, and improve efficiency
• Global Sourcing & Offshoring: Exploring opportunities for global sourcing, offshoring, and nearshoring to leverage cost advantages and diversify supply bases
• Sustainable Sourcing Practices: Integrating environmental, social, and governance (ESG) factors into sourcing decisions to promote sustainability and minimize supply chain disruptions
• Risk Management in Strategic Sourcing: Identifying, assessing, and mitigating risks in the sourcing process to protect the organization from potential threats
• Procurement Analytics: Leveraging data analytics to evaluate sourcing performance, uncover trends, and make data-driven decisions
Career Path
Entry Requirements
- Basic understanding of the subject matter
- Proficiency in English language
- Computer and internet access
- Basic computer skills
- Dedication to complete the course
No prior formal qualifications required. Course designed for accessibility.
Course Status
This course provides practical knowledge and skills for professional development. It is:
- Not accredited by a recognized body
- Not regulated by an authorized institution
- Complementary to formal qualifications
You'll receive a certificate of completion upon successfully finishing the course.
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