.png "London Training For Excellence")
.png "More about London Training For Excellence")
- Starting Date: Enquire About It
- Timings: Enquire
Course details
Overview
Strategic sourcing is a critical function that enables organisations to optimise costs mitigate risks and enhance supply chain efficiency. This course is designed to equip professionals with the strategies frameworks and leadership skills needed to drive strategic sourcing at the organisational level. Participants will gain insights into supplier evaluation negotiation category management and procurement optimisation. Through practical exercises real-world applications and interactive discussions this course enables professionals to lead sourcing strategies influence key business decisions and motivate teams to improve sourcing effectiveness.
Objectives
By the end of this course participants will be able to:
Lead strategic sourcing strategies at the organisational level.
Influence major sourcing decisions that impact company success.
Motivate teams to improve sourcing strategies and procurement processes.
Develop category management frameworks to enhance sourcing efficiency.
Apply cost analysis and risk management techniques in sourcing.
Improve supplier collaboration and contract negotiations.
Leverage data-driven decision-making for sourcing optimisation.
Ensure sustainability and compliance in sourcing practices.
Who Should Attend
Procurement and sourcing professionals.
Supply chain and logistics managers.
Finance and operations leaders involved in procurement strategy.
Category managers and vendor management specialists.
Business executives responsible for supplier contracts.
Individuals seeking to develop expertise in strategic sourcing.
Course Outlines
Day 1: Introduction to Strategic Sourcing
The role of strategic sourcing in business success.
Key sourcing models and frameworks.
Aligning sourcing strategies with business objectives.
Case Study: How strategic sourcing transformed a multinational corporation.
Practical Exercise: Developing a sourcing strategy roadmap.
Day 2: Category Management and Cost Analysis
Principles of category management and spend analysis.
Cost optimisation techniques in procurement.
Supplier market analysis and benchmarking.
Day 3: Supplier Negotiation and Contract Management
Advanced negotiation strategies for procurement.
Structuring supplier contracts for long-term success.
Legal and compliance considerations in sourcing.
Practical Exercise: Simulating high-stakes supplier negotiations.
Day 4: Risk Management in Strategic Sourcing
Identifying and mitigating sourcing risks.
Managing disruptions in supply chains.
Developing contingency plans and supplier diversification strategies.
Practical Exercise: Creating a risk management plan for a sourcing project.
Day 5: Leadership and Innovation in Sourcing
Driving innovation through supplier collaboration.
AI in strategic sourcing.
Leading and motivating teams in procurement.
Final Project: Developing a strategic sourcing improvement plan.
About London Training For Excellence
Empowering Professionals for Over a Decade
London Training for Excellence is a leading provider of professional development programmes, established in 2013. For over eleven years, we have been committed to equipping individuals and organisations with the skills and knowledge they need to excel in today's ever-evolving business landscape.
A Breadth of Expertise
We offer a comprehensive range of training solutions across a diverse set of industries, including:
- Artificial Intelligence (AI): Stay ahead of the curve with cutting-edge training on AI applications, machine learning and data analysis.
- Contact Management: Learn best practices for building and nurturing relationships, managing communication workflows and leveraging technology to optimise your outreach efforts.
- Engineering: Enhance your technical expertise and stay current with the latest advancements in various engineering fields.
- Finance and Legal: Gain a deep understanding of financial concepts, legal frameworks and compliance requirements.
- Human Resources: Navigate the complexities of HR practices, from recruitment and onboarding to employee relations and performance management.
- Leadership and Management: Develop your leadership skills, communication techniques and team-building strategies.
- Logistics: Optimise your supply chain operations and ensure efficient delivery of goods and services.
- Marketing and Sales: Develop effective marketing strategies, hone your sales skills and drive business growth.
- Oil and Gas: Gain specialised knowledge and skills relevant to the oil and gas industry.
- Project Management: Master the art of project planning, execution and delivery to ensure successful project outcomes.
Our Approach
At London Training for Excellence, we believe in delivering high-quality, interactive training programmes that cater to diverse learning styles. Our experienced instructors are industry experts who combine theoretical knowledge with practical application.
Flexible Learning Solutions
We understand that busy professionals require flexible learning options. We offer a variety of delivery methods to suit your needs, including:
- In-person training: provides more significant face-to-face interaction. In a classroom setting, attendees can connect in real-time. In-person training also offers more opportunities for group activities and interactive projects.
- Online Courses: Our comprehensive online courses allow you to learn comfortably in your working environment.
- In-Company Training: Tailor training programmes specifically for your organisation's needs and deliver them on-site for maximum impact and employee convenience.
Investing in Your Success
By investing in training and development with London Training for Excellence, you will gain the knowledge and skills necessary to achieve your professional goals and contribute to the success of your organisation.
Contact Us Today
Let London Training for Excellence help you unlock your full potential and drive positive organisational change. Contact us today to discuss your training needs and explore how we can empower your workforce for the future.
Purchasing and procurement Related Questions
Enquire about this course
You may add more courses here,
your list will be saved.
.png "More about London Training For Excellence")
