Best practice procurement focused on the application and implementation of strategic purchasing.

Suppliers play a key role in our business today and even more so in the future. The partnership with key suppliers is a major lever for agility and reducing real costs.

This interactive course is for all managers involved in procurement and will enable them to understand the increasing importance of suppliers and how to manage them. This course will explain the principles of make/buy decisions and will show how sourcing strategies are defined and implemented for various purchasing groups, ensuring integration with the organisation’s overall supply strategy. It shows how collaborative planning with suppliers is at the heart of developing the relationship and how mutual business gains are sought and achieved.

The course covers key topics including make/buy decisions and sourcing strategies; total cost of ownership (TCO) and its role in assessing and selecting suppliers; supplier planning in an ERP environment, and managing and developing supplier relationships (SRM). It provides the essential understanding to support the ‘Managing External Sourcing’ chapter of the Oliver Wight Class A Checklist.