Workshop on Strategic International Sourcing

This program on strategic and international sourcing is an approach to supply chain management that formalizes the way information is gathered and used so that an organization can leverage its consolidated purchasing power in international environments to find the best possible values in the marketplace. To become a world-class procurement organization in the 21st century, a company requires various competencies that will enable it to effect strategic sourcing in international markets and transfer value throughout the supply chain blocks from supplier to customer.

This requires analysis of what an organization buys, from whom, at what price and at what volume. Strategic sourcing differs from conventional purchasing because it places emphasis on the entire life-cycle of a product, not just its initial purchase price. This role requires procurement teams to assess procurement spend, analyze complex market segments, engage suppliers, develop sophisticated go-to-market strategies and lead make-or-buy decisions. This course is designed to help procurement professionals acquire the competencies required to excel in today's international business environment.

For Whom:

The program is designed for procurement professionals who need to understand the impacts of the global strategic sourcing process in order to play a meaningful role in an organization’s procurement drives. This training course is suitable to a wide range of professionals: Procurement Officers, Contracting Officers, Supply Chain Professionals and Procurement Managers

The training course will also greatly benefit those who are involved in the planning, evaluation, preparation and management of global purchasing, tenders, contracts that cover the acquisition of materials, equipment, and services

Learning Objectives:

At the end of the program, participants will be able to:

• Understanding global sourcing strategies
• Developing appropriate sourcing strategies
• Learning how total costs are determined
• Understand the hidden costs and risks of international procurement
• Learn how to critically analyze various global strategies 
• Learn how to deal with various stakeholders
• Discover methods to reduce the overall procurement costs 
• Implement appropriate strategies and tactics to enhance procurement effectiveness