Strategic Sourcing: An Intensive Workshop|Online

Overview

Why Attend

Procurement spend could reach 80% of an organization’s revenue. Therefore, procurement is a vital component of the organization with increasing pressure on practitioners to abandon tedious administrative tasks in favor of a more central strategic role. This role requires procurement teams to assess procurement spend, analyze complex market segments, engage suppliers, develop sophisticated go-to-market strategies and lead make-or-buy decisions. The intended outcomes, of course, are ensuring security of supply, generating savings and satisfying internal customers. This course is designed to help procurement professionals acquire the competencies required to excel in today’s business environment.

Course Methodology

This course uses a variety of individual and team exercises, case studies, questionnaires and videos.

Course Objectives

By the end of the course, participants will be able to:

Recognize trends and modern practices in supply chain management
Analyze internal spend and supply market dynamics to provide a foundation for strategic sourcing plan
Apply different sourcing strategies to optimize savings and ensure supply security
Utilize supplier integration techniques for sustainable supplier relations
Apply Supply Chain Operations Reference (SCOR) framework for management of supply chain performance

Target Audience

Purchasing and supply chain professionals at all levels of the organization.

Target Competencies

Sourcing strategies
Market analysis
Risk management
Strategic thinking
Continuous improvement

Note

In order to earn a CILT Certificate of Attendance (40 CPDs), participants are required to attend the course in full and to complete a post-course assignment.

Course Outline

Fundamentals of supply chain management
- Supply chain overview
- Sustainability in supply chains and logistics
- Supply chain configuration
- The 3 Vs of supply chain management
- The role of procurement in supply chain
- Introducing the purchasing decision matrix

Analysis of spend groups
- 7 steps to strategic sourcing
- Analyzing spend categories
  - Profiling spend categories
  - Analyzing financial impact
  - Assessing market risks
  - Consolidating category reports
- Operating the strategic sourcing toolkit
- Segmentation and analysis of suppliers
- Calculating Total Cost of Ownership (TCO)

Identification and utilization of sourcing strategies
- Mapping spend categories using purchasing strategy matrix
  - Routine items
  - Bottleneck items
  - Tactical items
  - Strategic items
- Managing balance of power in buyer-supplier relations
- 6 sourcing strategies
- Applying sourcing strategies effectively

Supplier Integration Strategies
- Prequalifying suppliers
- Managing supplier certification programs
- Partnering with suppliers
- Managing Supplier Level Agreements (SLAs)

Supply Chain Operations Reference (SCOR) framework for performance management
- SCOR framework overview
- Identifying level 1, 2 and 3 SCOR metrics
- Customizing level 4 SCOR metrics
- Setting performance targets
- Continuous performance improvement

Schedule & Fees

2026 Schedule & Fees

18 - 22 Oct, 2026

English
Virtual Learning

Per participant USD 1,300

18 - 22 Oct, 2026

Arabic
Virtual Learning

Per participant USD 1,300

22 - 26 Nov, 2026

English
Virtual Learning

Per participant USD 1,300

22 - 26 Nov, 2026

Arabic
Virtual Learning

Per participant USD 1,300

2027 Schedule & Fees

17 - 21 Jan, 2027

Arabic
Virtual Learning

Per participant USD 1,300

17 - 21 Jan, 2027

English
Virtual Learning

Per participant USD 1,300

21 - 25 Feb, 2027

Arabic
Virtual Learning

Per participant USD 1,300

21 - 25 Feb, 2027

English
Virtual Learning

Per participant USD 1,300

18 - 22 Apr, 2027

English
Virtual Learning

Per participant USD 1,300

18 - 22 Apr, 2027

Arabic
Virtual Learning

Per participant USD 1,300

23 - 27 May, 2027

English
Virtual Learning

Per participant USD 1,300

23 - 27 May, 2027

Arabic
Virtual Learning

Per participant USD 1,300

18 - 22 Jul, 2027

Arabic
Virtual Learning

Per participant USD 1,300

18 - 22 Jul, 2027

English
Virtual Learning

Per participant USD 1,300

22 - 26 Aug, 2027

English
Virtual Learning

Per participant USD 1,300

22 - 26 Aug, 2027

Arabic
Virtual Learning

Per participant USD 1,300

17 - 21 Oct, 2027

English
Virtual Learning

Per participant USD 1,300

17 - 21 Oct, 2027

Arabic
Virtual Learning

Per participant USD 1,300

21 - 25 Nov, 2027

Arabic
Virtual Learning

Per participant USD 1,300

21 - 25 Nov, 2027

English
Virtual Learning

Per participant USD 1,300