Sourcing and Procurement Strategy

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Purchasing was a traditional function in many organizations. However, with the fact that in many OEMs as much as even 70-80% Cost of Goods Sold constitutes the outsourced components (including sub assemblies and assemblies) - purchasing is no longer a small function. Traditional purchasing made way to Procurement and now to Strategic Sourcing and Procurement. This program aims to focus on this important aspect of Sourcing and Procurement Strategy.


(Remark: 21st Feb to 23rd Feb 2024 - 3 days - 18 hours )

•    Understand the evolution of purchasing to procurement to strategic sourcing
•    Explain the major roles and functions in strategic procurement
•    Discuss the different types of relationships with suppliers - from transactional to long term
•    Analyse the role of strategic sourcing and procurement within the organization and across different organizations
•    Apply the learnings of strategic sourcing and procurement for a typical organization.

•    Role of strategic sourcing and procurement
•    Steps in sourcing strategy formulation
•    Strategies for sourcing different products - critical, bottleneck, leverage, and routine
•    Spend analysis
•    Supplier evaluation
•    Strategic cost management
•    Total cost of ownership
•    Collaborative cost management

Middle level managers in working in procurement or allied functions

Course Details

Venue Online
Duration 18 Hrs
Starts On Feb 21, 2024
Faculty Prof. Ravindra Gokhale / Prof. Rakesh Raut

Fees Details

Duration Professional Fee*(Per participant) GST(18%) Total Fees(Per Participant) Programme Code
18 Hrs 10,500.00 1,890.00 12,390.00 1 24 4 67
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