Strategic Sourcing & Supplier Selection
About this course
Transform your procurement capabilities through this comprehensive strategic sourcing program that covers the complete supplier selection lifecycle. From initial market scanning and supplier discovery to RFI/RFQ processes, cost analysis, negotiation, and onboarding, you'll develop the analytical and strategic skills needed to build and manage an optimized supplier network. Through hands-on projects using real-world scenarios, you'll learn to apply data-driven decision-making frameworks, weighted scoring models, and total cost of ownership analysis to make informed procurement decisions that drive organizational value.
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What you'll learn
- understanding the supplier selection lifecycle
- applying data-driven decision-making frameworks
- utilizing weighted scoring models
- conducting total cost of ownership analysis
- negotiating with suppliers effectively
Course objectives
- develop an optimized supplier network
- enhance procurement capabilities
- learn cost analysis and negotiation techniques
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