Value Adding Procurement

The Principles of Sourcing Strategy for Maximum Profit and Supply Resiliency

Ratings 4.51 / 5.00
Value Adding Procurement

What You Will Learn!

  • Learn how to develop a value adding sourcing strategy
  • Learn how to do spend analysis
  • Learn how to do market analysis
  • Learn how to develop a relationship strategy with suppliers
  • Help your business build a resilient supply chain

Description

Did you know? Steve Jobs initially put his trust in Tim Cook because of his experience in procurement. Cook's expertise has played a vital role in making Apple the first company to reach 3 trillion dollars in market value. In times of inflation and supply chain disruptions such as now, the role of the procurement function becomes much more critical than ever. No longer can we stick with traditional procurement roles where the approach is still reactive, with lots of clerical tasks, and minimum involvement with suppliers. In the modern procurement role, we should take on a proactive approach, engaging more closely with suppliers to drive cost reductions and add value to the business. This course will guide you to develop an effective sourcing strategy, by equipping you with various tools and frameworks, based on sources acknowledged by organizations such as the Chartered Institute of Procurement and supply, or CIPS, and the Institute of Supply Management or ISM. Our goal is to equip you with the knowledge and skills to make a significant impact in your organization from procurement point of view, like what Tim Cook did at Apple. Whether you're an experienced procurement professional, a new hire, an entrepreneur, a manager, or even a student interested in the field. This course will benefit you. It is particularly useful for those who frequently interact with vendors or manage the supply of raw materials, packaging, goods, or services.

Who Should Attend!

  • Suitable for anyone interested in procurement, whether you're an experienced procurement professional, a new hire, an entrepreneur, a manager, or even a student interested in the field.

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Tags

  • Procurement
  • Supply Chain

Subscribers

5

Lectures

7

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