Executive Development Programme in Strategic Sourcing Decisions

Name: Executive Development Programme in Strategic Sourcing Decisions
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The Executive Development Programme in Strategic Sourcing Decisions is a certificate course designed to empower professionals with the skills needed to optimize organizational spend and drive business growth. This program emphasizes the importance of strategic sourcing in today's dynamic business environment and addresses industry demand for experts who can make informed, data-driven decisions.

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AboutThisCourse

By enrolling in this course, learners will gain a comprehensive understanding of strategic sourcing principles and how to apply them to various business scenarios. Through a combination of theoretical knowledge and practical applications, learners will develop essential skills in supplier relationship management, cost analysis, risk management, and negotiation techniques. These skills will not only enhance their professional value but also pave the way for career advancement in procurement, supply chain management, and related fields. Investing in this programme is a strategic decision that will enable learners to drive cost savings, improve supplier relationships, and mitigate risks in their organizations. By staying ahead of industry trends and honing their strategic sourcing skills, learners will be well-positioned to make a significant impact in their careers and organizations.

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CourseDetails

• Strategic Sourcing Overview: Understanding the concept, importance, and benefits of strategic sourcing in organizations.

• Sourcing Strategy Development: Techniques for creating effective sourcing strategies, including segmentation, total cost of ownership analysis, and risk management.

• Supplier Relationship Management: Building and maintaining successful partnerships with suppliers to drive value and innovation.

• Category Management: Organizing and managing spend categories to optimize sourcing decisions and improve overall performance.

• Contract Negotiation and Management: Best practices for negotiating and managing contracts to ensure compliance and minimize risks.

• Procurement Technology: Overview and application of the latest procurement technologies, including eSourcing, eInvoicing, and eProcurement platforms.

• Sustainable Sourcing: Integrating sustainability and corporate social responsibility principles into sourcing decisions.

• Global Sourcing and Supply Chain Management: Understanding the implications and considerations of global sourcing and managing cross-border supply chains.

• Performance Metrics and Analytics: Measuring and tracking sourcing performance using KPIs and advanced analytics techniques.

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BasicUnderstandingSubject
ProficiencyEnglish
ComputerInternetAccess
BasicComputerSkills
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FastTrack GBP £140

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AcceleratedLearningPath

ThreeFourHoursPerWeek
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StandardMode GBP £90

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FlexibleLearningPace

TwoThreeHoursPerWeek
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EXECUTIVE DEVELOPMENT PROGRAMME IN STRATEGIC SOURCING DECISIONS

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London School of International Business (LSIB)

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05 May 2025

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