Strategic Sourcing Excellence Certification

The Strategic Sourcing Excellence Certification course by Oxford Training Centre is a one-week intensive program. It is specially tailored to provide professionals with the ability and knowledge to successfully maneuver through the complexities of Strategic Sourcing, Global Sourcing, and Supply Chain Management. Over the week, participants will be enlightened on procurement, sourcing, and key elements of vendor management and supplier evaluation, and how to drive cost reduction and continuous improvement in their respective organizations. Develop your material management skills, enhance supplier relationships, or learn better negotiation tactics in contracting with this certification-a perfect way to further your career and contribute toward the success of your company’s supply chain operations.

Objectives and target group

Objectives

The Strategic Sourcing Excellence Certification aims to:

Provide participants with an in-depth understanding of the principles of strategic sourcing and how they relate to global sourcing and overall supply chain management.
Equip professionals with practical tools for effective supplier negotiation, vendor management, and supplier development to ensure the best outcomes in procurement.
Teach participants how to leverage spend analysis to identify savings opportunities and implement cost reduction strategies that have a direct impact on the bottom line.
Foster a deep knowledge of product development processes, enabling professionals to align sourcing strategies with organizational objectives for improved manufacturing and materials management.
Enable participants to drive continuous improvement in sourcing and procurement processes, including the implementation of lean manufacturing techniques and supplier evaluation.

Target Group

This course is ideal for professionals and managers who are involved in procurement, supply chain management, and vendor management across various industries, including manufacturing, retail, and product development. It is tailored for:

Supply Chain Managers looking to enhance their knowledge of strategic sourcing and improve their ability to negotiate and manage suppliers effectively.
Procurement Professionals seeking to refine their skills in global sourcing, vendor management, and cost reduction.
Product Development Managers who want to integrate sourcing strategies into the product development lifecycle for better materials management.
Materials Managers and Manufacturing Managers looking to streamline operations, reduce costs, and improve supplier relationships.
Business Executives and Leaders aiming to incorporate lean manufacturing and other efficiency-driving strategies into their organization’s sourcing and procurement processes.

Course Content

The Strategic Sourcing Excellence Certification course covers a wide range of topics and provides a practical, hands-on approach to developing a strategic sourcing function. The key modules include:

Introduction to Strategic Sourcing and Supply Chain Management

- Understanding the fundamentals of strategic sourcing and how it integrates with global sourcing and supply chain management.
- The role of procurement in driving organizational success.
- Overview of sourcing methodologies and approaches.

Spend Analysis and Cost Reduction Strategies

- How to perform effective spend analysis to identify cost-saving opportunities.
- Techniques for implementing cost reduction strategies and improving the overall efficiency of sourcing activities.

Supplier Evaluation and Development

- Key criteria for evaluating and selecting suppliers.
- The importance of supplier development and how to build long-term, mutually beneficial relationships.
- Supplier negotiation techniques to secure the best terms and agreements.

Vendor Management and Supplier Relationships

- Best practices for vendor management and maintaining strong relationships with suppliers.
- New vendor development: How to find and integrate new suppliers into your sourcing strategy.
- Continuous improvement strategies for managing supplier performance.

Contract Negotiation and Risk Management

- Key elements of contract negotiation and how to ensure contracts are favorable for both parties.
- Managing risks in sourcing and procurement activities, and how to mitigate them effectively.

Lean Manufacturing and Supplier Integration

- How to integrate lean manufacturing principles into your sourcing and procurement strategy.
- Streamlining operations and improving materials management through effective supplier relationships.

Continuous Improvement and the Future of Strategic Sourcing

- Strategies for ensuring continuous improvement in sourcing practices.
- The future of supply management and emerging trends in strategic sourcing and global sourcing.