Sourcing And Procurement Strategy

by IIM Mumbai Claim Listing

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.

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Course Details

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.

 

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

  • Mumbai Branch

    Vihar Lake Road, Powai, Mumbai

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