Executive Development Programme in Strategic Sourcing & Selection

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The 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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AboutThisCourse

In today's dynamic business environment, there is a high industry demand for professionals who can effectively manage sourcing and selection processes. This course equips learners with the essential skills necessary to identify and evaluate suppliers, negotiate contracts, and manage supplier relationships. By completing this program, learners will be able to demonstrate their expertise in strategic sourcing, a critical component of career advancement in procurement and supply chain management. The Executive Development Programme in Strategic Sourcing & Selection is a valuable investment for professionals seeking to enhance their skills and advance their careers. By providing a deep understanding of the strategic sourcing and selection process, this course prepares learners to make informed decisions, reduce risks, and drive business success.

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CourseDetails

• 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

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EntryRequirements

  • BasicUnderstandingSubject
  • ProficiencyEnglish
  • ComputerInternetAccess
  • BasicComputerSkills
  • DedicationCompleteCourse

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  • NotAccreditedRecognized
  • NotRegulatedAuthorized
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CourseFee

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FastTrack GBP £140
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AcceleratedLearningPath
  • ThreeFourHoursPerWeek
  • EarlyCertificateDelivery
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StandardMode GBP £90
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FlexibleLearningPace
  • TwoThreeHoursPerWeek
  • RegularCertificateDelivery
  • OpenEnrollmentStartAnytime
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  • DigitalCertificate
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EXECUTIVE DEVELOPMENT PROGRAMME IN STRATEGIC SOURCING & SELECTION
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London School of International Business (LSIB)
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05 May 2025
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