Professional Life / Supply Chain

Sourcing & Procurement Strategies

About this course

  • What is Sourcing Vs. Purchasing/Procurement
  • Sourcing & Procurement Life Cycle
  • Evolution of Procurement Functions
  • Required Skills in Procurement
  • Principles of Purchasing Management Or, 6 R’S:
  • The Strategic Sourcing Process
  • How to Source
  • What things need to consider for Sourcing Readiness?
  • Market Engagement and It’s Benefits
  • KYC (Know Your Customer) and Credit Report
  • Importance of Stakeholder Management
  • Supply Positioning Model – The Kraljic Matrix
  • Specification of Purchasing Requirement
  • A Framework for Supplier Appraisal
  • Criteria to Appraise a Potential Supplier
  • A Model for Assessing Motivation of Supplier
  • Example of Appraisal of Suppliers
  • Example of End-End Sourcing Process
  • Make or Buy Decision
  • Local Procurement Process, Benefits & Risks
  • International Procurement Process, Benefits & Risks
  • Local Vs. International Procurement
  • Dispute Resolution
  • Different Payment Mechanism
  • The use of Incoterms and HS Codes
  • Public Vs. Private Procurement
  • e-Sourcing & e-Procurement
  • Real-Time Example / Case Studies
  • Exercise/Quiz/Role-Play/Game/Fun/Audio-Visual etc.
  • Q&A.

What you’ll learn

  • check What is Sourcing Vs. Purchasing/Procurement ; Sourcing & Procurement Life Cycle ; Evolution of Procurement Functions ; Required Skills in Procurement ; Principles of Purchasing Management Or
  • check 6 R’S:
  • 0 Weeks
  • play_circle_outline 0 lectures
  • pages 0 assignments
  • help 0 Quizzes including 0 questions

Syllabus- What you will learn from this course

  • Contents are coming soon
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