7 Step Strategic Sourcing
Purchasing and Supply Chain | Workshop | 14 Nov 11 - 15 Nov 11
Berjaya Times Square Hotel, Kuala Lumpur, Malaysia

Strategic Sourcing is a purchasing process that takes a strategic approach to supplier relationships and purchase decisions. Senior management of most leading companies in a variety of industries-manufacturing, distribution, and service-have identified purchasing as an “untapped gold mine” within their organizations. As a result, the new sourcing paradigm is being referred to as Strategic Sourcing or Strategic Sourcing Management. This 2 days Strategic Sourcing seminar will address this new sourcing paradigm and its approach and will provide you with practical techniques and vital information to enhance your purchasing function’s overall strategic sourcing effort.
What you will learn At this powerful Seven-Step Strategic Sourcing seminar, you will learn how to: 1. Accommodate the cultural changes of integrated supply management and consider the elements of an effective supply chain strategy. 2. Align your supply base’s capabilities with your organization’s strategic initiatives. 3. Utilize The four-step process of strategic sourcing implementation using a cross-functional team approach. 4. Encourage and/or implement Early Supply Involvement in product design, outsourcing initiatives, or service solicitations. 5. Use supplier relationships, consolidation, alliances, partnering, and linking in a strategic approach to supplier relations and purchasing decisions. 6. Understand the significance of process management and why eliminating non-value added activities in the supply management process is so important. 7. Understand the core of the Kraljic Purchasing Model and its variants.

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