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Strategic Sourcing

An Intensive 5-Day Training Course

Strategic Sourcing

The Optimum Approach to Buying

We currently have no scheduled session for this Course. If you are interested in running this course, please contact our Training Department at info@petroknowledge.com

Why Choose this Training Course?

Why Choose this Training Course?

Best-in-class companies recognize strategic sourcing as a value creator and consider it to be integral to their overall strategies for growth.  To become a world-class procurement organization in the 21st century, a company requires various competencies that will enable it to effect strategic sourcing and transfer value throughout the supply chain from supplier to customer.

Strategic sourcing is far more than a simple allocation of business to suppliers by the purchasing function. It is a multi-functional activity that produces a plan of action for several years. Successful sourcing strategies are built on a rigorous analysis of the buy, the supply industry, and the fundamental drivers of value.

This training course will feature:

  • Strategic Sourcing: Critical Elements & Keys to Success
  • Strategic Sourcing as compared with tactical or transactional sourcing
  • The importance of Strategic Sourcing
  • The transition process from tactical to strategic sourcing
  • Where e-Procurement fits with Strategic Sourcing

What are the Goals?

What are the Goals?

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

  • Develop a strategic sourcing strategy that achieves tangible results
  • Implement the strategic sourcing strategy to maximize total cost savings,
  • Assess and prioritize opportunities for savings
  • Establish processes to manage performance of the strategic sourcing contract
  • Apply best practices and lessons learned in strategic sourcing efforts

Who is this Training Course for?

Who is this Training Course for?

This PetroKnowledge course is designed for procurement professionals who need to understand the strategic sourcing process in order to participate on a strategic sourcing acquisition team.

This Strategis Sourcing training course is suitable to a wide range of professionals but will greatly benefit:

  • Procurement Officers
  • Contracting Officers
  • Supply Chain Professionals
  • Program managers
  • Those who are involved in the planning, evaluation, preparation and management of purchasing, tenders, contracts that cover the acquisition of materials, equipment, and services

How will this Training Course be Presented?

How will this Training Course be Presented?

This training course will utilise a variety of proven adult learning techniques to ensure maximum understanding, comprehension and retention of the information presented. This course will combine variety of instructional methods including lecture by a world-class subject matter expert in procurement and supply chain strategy. This is a highly interactive and competitive programme where the participants will work and compete in team exercises, group discussions covering current practices and their relationship to the implementation of new concepts.

Daily Agenda

Day One: Defining and Implementing Effective Sourcing Strategies

  • Definition of Sourcing Strategy
  • Defining Procurement Excellence
  • Tactical versus Strategic Sourcing
  • Strategic Sourcing Benefits
  • Industry and Strategic Sourcing
  • The Strategic Sourcing Process

Day Two: Strategy Development and Commodity Management

  • Develop a Strategic Sourcing Plan
  • Evaluate and Prioritize Commodities
  • Analyze the Supply Market
  • Develop a Commodity Strategy
  • Develop the Acquisition Strategy
  • Develop a Transition Plan

Day Three: Sourcing Path Selection (Competition or Collaborative Supplier Development)

  • Selection of Implementation Path
  • Identification of Preferred Supplier(s)
  • Supplier Development and the Strategic Sourcing Process
  • Supplier Development Constraints
  • Negotiation Strategy – Competitive vs. Collaborative
  • Proposal Solicitation and Evaluation

Day Four: Leveraging Supply Management Tools and Techniques to Improve Performance

  • Procurement Analysis and Classification
  • Strategic Cost Management
  • Principles of Cost and Value Management.
  • Understanding the Total Cost of Ownership
  • Purchasing Analysis Tools and Techniques
  • Performance Measurement and Evaluation

Day Five: Supplier Performance Management, Quality Management, and Supply Base Integration

  • The Importance of Supplier Performance Management
  • Developing and Maintaining Long-term Supplier Relationships
  • Performance Measurement and Evaluation
  • Quality Management for Strategic Sourcing
  • Supply Base Integration and Development
  • Pursuing Global Supply Management Excellence

Certificate

  • On successful completion of this training course, a PetroKnowledge Certificate will be awarded to the delegates

In Association With

GLOMACS Training

Our collaboration with GLOMACS aims to provide the best training services and benefits for our valued clients

Visit Website ›

Frequently Asked Questions

How can I register for a training course?

  • To register online through our website, please click “Enroll Now” on the course page, complete and submit the form. A confirmation e-mail and instructions will be sent to the participant’s e-mail.
  • You may also get in touch with our Registration Team on
    +971 50 981 7386 | +971 2 557 7389 or send an email to reg@petroknowledge.com

When and how do I arrange payments?

  • Payments can be made in USD or UAE local currency AED (Arab Emirates Dirhams) either by Bank Transfer or by Credit Card. Our Bank Account details will be provided on the invoice.
  • Course fees are payable upon booking unless a valid, authorized Purchase Order is provided and accepted.
  • Invoices will be sent via email/courier to the ID/name and address provided.
  • The course fee shall be settled prior to course start date. Corporate payments with existing payment policy shall be relayed to us in advance.

When should I expect to receive confirmation of registration?

Upon successful registration online, enrolment on the respective training course will be confirmed by Registration Team by e-mail along with the invoice and joining instruction.

Is there a discount for more than one registrant/course?

For corporate fees and group registration, please send your query to info@petroknowledge.com.

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© 2024. Material published by PetroKnowledge shown here is copyrighted.

All rights reserved. Any unauthorized copying, distribution, use, dissemination, downloading, storing (in any medium), transmission, reproduction or reliance in whole or any part of this course outline is prohibited and will constitute an infringement of copyright.


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