Strategic Sourcing and Supplier Relationship Management
Strategic sourcing is an institutional procurement process that continuously improves and re-evaluates the purchasing activities of a company. Procurement is the acquisition of goods, services or works from an external source. It is favorable that the goods, services or works are appropriate and that they are procured at the best possible cost to meet the need of the purchaser in terms of quality and quantity, time, and location. Corporations and public bodies offer define processes intended to promote fair and open competition for their business while minimizing exposure to fraud and collusion.
Supplier relationship management (SRM) is the discipline of strategically planning for, and managing, all interactions with third party organizations that supply goods and/or services to an organization in order to maximize the value of those interactions. In practice, SRM entails creating closer, more collaborative relationships with key suppliers in order to uncover and realize new value and reduce risk.
- What is strategic sourcing?
- Total Cost and Decision Making Process
- The Importance of Systems Thinking and Stability
- Global Sourcing Issues
- How to Calculate Total Cost
- Supplier Relationships
- Supplier Collaboration
- Supplier Evaluation and Scorecards
What You Will Learn
- How to determine total landed cost and the importance of it
- To determine when to by versus make
- To understand long term supply requirements
- Determine appropriate supplier categories based spend
- How to manage supplier performance
- System performance stability techniques
- The complexities of global sourcing
- Techniques to measure, evaluate, and manage suppliers and costs
|Course Title||Dates||Where to Register|
|Strategic Sourcing and Supplier Relationship Management||October 20-21, 2016||Register Here|
|Strategic Sourcing and Supplier Relationship Management||March 23-24, 2017||Register Here|
* Members of the SLU Center for Supply Chain Management are able to redeem member discounts on program tuition. Please contact the center staff by calling (314) 977-3617 or emailing email@example.com to obtain your discount code.
Please address all questions to the Center for Supply Chain Management:
- Call: (314) 977-3617
- Fax: (314) 977-2068
- Email: firstname.lastname@example.org