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Strategic Sourcing

Length
2 days
Length
2 days
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Course description

Are you fully effective in your sourcing processes? Do you set and implement procurement strategies? This interactive two-day training course will provide you with the knowledge and skills to develop and improve your sourcing strategy throughout the procurement cycle.

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Outcome / Qualification etc.

What will I learn?

As part of this course, you will have access to pre and post work activities online to help you prepare and reflect on your training. Using the procurement cycle as the structure for the course, we will explore stakeholder engagement at each stage of the cycle. You will learn how to develop effective specifications in the sourcing process. We will explain techniques for market analysis. You will learn how to develop and apply appropriate selection and award criteria to evaluate supplier proposals. The course does not cover tactical level aspects, such as how to produce tendering documentation. The key ‘take away’ is the capability to develop an appropriate sourcing plan for categories of spend within your organisation.

What are the learning objectives?

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

  • Influence the development of needs and specifications
  • Ensure that the design and performance of specifications will avoid unnecessary costs
  • Assess the sourcing options and routes to market for supplies of products or services
  • Develop and apply appropriate selection and award criteria
  • Evaluate supplier proposals to ensure value for money outcomes

Course delivery details

  • Your skills training will comprise of online learning and a tutor-led session.
  • Online pre-learning and course materials will be available on the CIPS Learning Mangement System up-to one month ahead of your training session and should be completed before day 1 and day 2.
  • The virtual classroom will open 15 minutes before your session.

Why choose Chartered Institute of Procurement & Supply

95% of our students tell us that CIPS qualifications are the standard for the profession

Professionals with MCIPS on average earn 20% more

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Chartered Institute of Procurement & Supply
Church Street, Easton on the Hill,
PE9 3NZ Lincolnshire

We are CIPS, the Chartered Institute of Procurement & Supply

A global membership organisation driving positive change across our profession. CIPS are the voice and standard, defining and amplifying best practice across all our worlds. We help build capability within organisations. Diagnosing, troubleshooting and training. We’ll work with your organisation...

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