An Interactive 5-Day Training Course
Strategic Sourcing: The Optimum Approach to Buying
Building Superior Capabilities for Strategic Sourcing
Course Overview
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 GLOMACS Strategic Sourcing 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
Training Outline
DAY 1: Defining and Implementing Effective Sourcing Strategies
- Definition of Sourcing Strategy
- Defining Procurement Excellence
- Tactical vs. Strategic Sourcing
- Strategic Sourcing Benefits
- Industry and Strategic Sourcing
- The Strategic Sourcing Process
DAY 2: 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 3: 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 4: 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 5: 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
Certificates
- On successful completion of this training course, GLOMACS Certificate will be awarded to the delegates
- Continuing Professional Education credits (CPE) : In accordance with the standards of the National Registry of CPE Sponsor, one CPE credit is granted per 50 minutes of attendance
Accreditation
GLOMACS is registered with NASBA as a sponsor of Continuing Professional Education (CPE) on the National Registry of CPE Sponsors. NASBA have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.learningmarket.org.
All Training Seminars delivered by GLOMACS by default are eligible for CPE Credit.
About Saudi Glomacs
At Saudi GLOMACS, we specialize in delivering world-class training courses in Saudi Arabia and across various international locations. Our training courses are tailored to meet the unique demands of Saudi Vision 2030 and the Human Capability Development Program, focusing on empowering Saudi citizens and enhancing workforce skills. We offer diverse courses spanning leadership, management, engineering, and technical disciplines to cultivate expertise and drive professional growth. Our flexible learning options—whether in-person, online, or in-house—ensure accessibility and convenience for individuals and organizations alike.
With over 30+ years of experience through the GLOMACS global network, we are committed to delivering innovative, results-driven training solutions. Our expert instructors combine industry knowledge with dynamic teaching methods, fostering practical skill development and long-term career success. By choosing Saudi GLOMACS, you're investing in personal excellence and contributing to the Kingdom’s sustainable economic growth and vision-driven transformation.
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