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.
DurationPurchasing 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.
Objectives
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.
Coverage
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
For Whom
Middle level managers in working in procurement or allied functions
IIM Mumbai erstwhile known as NITIE was established by the Government of India in 1963 with the assistance of the United Nations Development Programme (UNDP) and the International Labor Organization (ILO).
IIM Mumbai has been consistently ranked among the top B-schools in India. IIM Mumbai is ranked 6th in the National Institutional Ranking Framework (NIRF) rankings for 2024 among Management Institutes across India.
IIM Mumbai is committed to creating skilled professionals in diverse functional areas like Operations Management, Analytics, Finance, Marketing, Project Management, HR, Information Technology, and Sustainability Management.
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IIM Mumbai offers Post Graduate Diplomas in Industrial Management, Industrial Engineering, and Sustainability Management. IIM Mumbai, in collaboration with IIT Delhi, also provides Post Graduate Diploma to executives currently working in the Industry via the Visionary Leaders for Manufacturing Programme (PGPEx-VLFM).
IIM Mumbai also offers the General Management Programme (GMP) for Defense Officers. All the courses offered at IIM Mumbai are Full-Time residential courses with rigorous academic and industry-oriented inputs.
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IIM Mumbai has established The Centre of Excellence in Logistics and Supply Chain Management. The center aims to conduct cutting-edge research, knowledge creation, and capacity-building programs to develop India's logistics sector through applied research and industry outreach to tackle real-time business scenarios.
IIM Mumbai also has a vibrant Student Exchange Programme with several partner universities across North America, South America, Europe, and South-East Asia.
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