7 Steps Strategic Sourcing || Category Management

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.

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.

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

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 (includes market index, Porter's Five Forces and more)

Tips : Never do the market intelligence alone! You might trap yourself in a close loop with no breakthrough. Engage with your team, conduct a brainstorming session to ensure 360 degree coverage!!

What is market intelligence and it's role in strategies development

Primary and Secondary Research to gather information

The primary objective of a SWOT analysis is to help organizations develop a full awareness of all the factors involved in making a business decision.

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

How many suppliers are enough for a tender?

Where can find suppliers?

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

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)

Supply Chain earns money by savings money, yet the effort may be unseen as we do not bring in $$revenue$$. Time to step up the game! Demonstrate how we could bring impacts to the financial statement! Learn the different savings type and get ready to market your effort.

Get acknowledged!

Create basic understanding about negotiation and learn the different type of negotiation.

Preparation is the Key to Success - Alexander Graham Bell

What are the things you need to prepare in advanced to negotiation?

Who should attend your negotiation?

What are the information you need to ensure successful negotiation?

The Psychological way to influence your opponent!

This is a webinar session in collaboration with The Society of Logistician of Malaysia (LogM). You may find the E-note and Q&A under Resources session.