Professional Life / Supply Chain
Sourcing & Procurement Strategies
Instructors of this course
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
- 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:
- ☰ 0 Weeks
- 0 lectures
- 0 assignments
- 0 Quizzes including 0 questions
Syllabus- What you will learn from this course
Discussions
No discussions found related to this course
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