7 Steps Strategic Sourcing - Supply Chain
5.0 (1 rating)
Course Ratings are calculated from individual students’ ratings and a variety of other signals, like age of rating and reliability, to ensure that they reflect course quality fairly and accurately.
7 students enrolled

7 Steps Strategic Sourcing - Supply Chain

Value Creation, Cost Savings
5.0 (1 rating)
Course Ratings are calculated from individual students’ ratings and a variety of other signals, like age of rating and reliability, to ensure that they reflect course quality fairly and accurately.
7 students enrolled
Created by YW Teo
Last updated 6/2020
English [Auto]
Price: $74.99
30-Day Money-Back Guarantee
This course includes
  • 3.5 hours on-demand video
  • 1 article
  • 4 downloadable resources
  • Full lifetime access
  • Access on mobile and TV
  • Certificate of Completion
Training 5 or more people?

Get your team access to 4,000+ top Udemy courses anytime, anywhere.

Try Udemy for Business
What you'll learn
  • Understand the basic of Strategic Sourcing, 5 phases and 7 steps along with the essential elements of each phases.
  • The Analyze Phase of Strategic Sourcing - Spend Analysis, Understanding Customers and Market Intelligence
  • The Strategy Phase - How to select the right Sourcing Strategies
  • The Execution - How to prepare a winning RFx
  • The Implementation - How do I make sure my project will be executed SMOOTHLY
  • Performance management - How to ensure my supplier is performing!
  • No

Have you been dealing with Procurement for long but there is no progress in your career? Could you be missing one important skill - strategic thinking and planning? Learn the 5 phases and 7 steps in Strategic Sourcing today. We will discuss the essential elements in each step, including the recommended approaches to solve the problems

This Course includes the below

1. The Preview of 7 Steps Strategic Sourcing

2. Data Management and Analysis

3. Understand Clients’ Requirements

4. How to Strategize Market Intelligence

5. Strategy Development

6. How to create winning RFx

7. How to make sure my project is implemented SMOOTHLY

8. Performance Development Plan

9. Actual Sourcing Project Reference

Who this course is for:
  • Supply Chain Personnel
  • Buyer
  • Procurement
  • Sourcing
  • Sales & Marketing
  • Entrepeuner
  • category manager
  • Supply Chain Manager
Course content
Expand all 39 lectures 03:26:36
+ Course Introduction
1 lecture 01:28

Thanks for subscribing the online module by #TheSourcingStation, you can follow us in Facebook to get more knowledge sharing! While 7steps strategic sourcing covers comprehensive approach, we will share the 'Analyze' phase in this platform!

Preview 01:28
+ Introduction to Strategic Sourcing
2 lectures 08:16

Do you have the right skill to secure your job?

Strategic sourcing aims to improve efficiency and performance to gain competitive advantage, as well as to mitigate supply chain risk. It involves developing a proactive, holistic, and continuous evaluation and re-evaluation of the sourcing activities in an organization. We will discuss the 5 phases and 7 steps of strategic sourcing in this course, enabling you to possess the right skill to build and conduct a project strategically.

Preview 00:22
+ Step 1 Spend Analysis
4 lectures 09:18
Introduction to Spend Analysis

We will learn the structured approach to make spend analysis less hectic. Follow the steps to produce meaningful data, and ultimately identify the improvements and cost savings opportunities.

Elements of Spend Analysis

We will recap the spend analysis elements and discuss the common challenges faced during the process. Understanding the challenges are vital for preparation.

+ Step 2 Understand Customer Requirements
6 lectures 06:21
Step 2 - Intro
Key Questions
Stakeholder Mapping Process
Common Challenges
+ Step 3 : How to Strategize Market Intelligence
3 lectures 13:05

Market Intelligence is a sophisticated approach to understand the overall business position, and methodology to design business strategy. We are unable to cover all chapters online, hence will introduce one of the elements - Analysis Tool. We will share Porter's Five Forces Analysis in this platform. Do follow us in Facebook #thesourcingstation for more knowledge sharing about 7steps strategic sourcing, and classroom trainings.

Preview 00:46
Market Index
Porter's Five Forces
+ Step 4 : Strategy Development
5 lectures 38:35

Learn how to position sourcing project by utilizing business impact and buying power,  and decide the right direction in determining sourcing strategies

Sourcing Category Matrix
Sourcing Strategies
+ Step 5 - Tender & Negotiation
7 lectures 39:28

How many suppliers are enough for a tender?

Where can find suppliers?

Preview 06:54

What are the methodology in tender process? What is the right tool for my project?

Execution (RFx)

What should be included in evaluation, how can i apply in my project?


Fundamental of Negotiations. (Detail of negotiation will be covered in other courses)

Negotiation Fundamental
Agreement steps
+ Step 6 - Implementation
6 lectures 34:45
Objective & Who
+ Actual Project Reference
2 lectures 26:54
Actual Project - Strategy Development
Actual Project - the background work