Procurement and Strategic Sourcing is a critical aspect of Supply Chain Management. The demand for talent for procurement and sourcing professionals has increased significantly because of the global pandemic as companies have recognized that effective supply chain executions is vital for their success.
Supply chain professionals have migrated from working behind-the-scenes to competing in one of the most talked about industries of 2022. With increasing disruption and surging production and shipping costs causing shortages around the globe, procurement and sourcing has taken on a new meaning as the profession has become more complex and critical to the success and profitability of companies in all industries.
The workshop will introduce participants to the key elements of procurement and sourcing, the scope of strategic sourcing and its importance and potential to drive competitive differentiation. The workshop will include a deeper understanding of key core competencies and skill sets needed to succeed in this profession, such as.
- Category Management
- Negotiations and Ethics
- Supplier Relationship Management (SRM)
- Behavioral Skills
- Risk Management
In addition, the participants will learn the latest trends and developments within this profession, the impact procurement and strategic sourcing can have on an organization’s success, and negotiation skills that can be applied to all facets in life.
This workshop is designed for professionals actively working in or wish to pursue a career in procurement, sourcing, and supply chain management. Typical company attendees include people new to procurement and sourcing, and those in the supply chain management or related fields that want a greater understanding of the benefits/contributions of procurement and strategic sourcing.
Applies Towards the Following Certificates
- Project Management : Electives