Managing supply chains in volatile economic conditions is the real challenge in many companies across the globe. The global competitiveness of the enterprise comes mainly from the effectiveness of supply chains. Building partnership with the potential suppliers is the key and give long term competitive advantage through strategic sourcing. The key factors in strategic sourcing are supplier identification, supplier selection, supplier development and supplier negotiations etc. Strategic sourcing gives clear edge in this completive world by working closely with OEMs through collaborations in NPD process.

Objective:

This one course gives an overview of SCM and Strategic Sourcing area. Aligns the organisations cost reduction goals to the SCM and Sourcing strategies. The program aims to shift the problem-solving focus from quick fix to prevention, and prioritising actions based on the opportunities and threats thus enhancing profitability and effectiveness of the organisation.
In this course covers basic tools such as Make or Buy Decisions, Total Cost Of Ownership, Capacity Utilisation , Supplier selection Process and Analytical hierarchical Process etc.

Course contents:

• Fundamentals of Supply chain Management and Strategic Sourcing.
• Benefits of Strategic Sourcing.
• Methodology and TCO Concept.
• Supplier selection criteria, AHP/RFQ Management process.
• Problem Solving and Case discussion.
• Identifying opportunities for cost and What if analysis.
• Technology trends and effectiveness sourcing.
• Case Study and Analysis.

Methodology:

Covering industry relevant tools and techniques. The training is highly participative, with practical exercises assisted with Audio/Video files as appropriate.

Who can attend?

Sourcing and SCM Executives, Managers in Purchase, Vendor development, Product development functions, Decision makers in the VP/CEO Level.

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