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Strategic Sourcing
04:10

Strategic Sourcing Toolkit

The strategic sourcing toolkit provides a range of best-in-class, proven tools and straight forward techniques that are used in the strategic sourcing process to deliver cost and value benefits.

Course Includes:
  • 11 Modules
  • 11 Learning Activities
  • 38 Checkpoints
  • 9 Practice Points
  • 11 Quizzes
  • 4 Downloadable, Fillable Templates
  • 3 Downloadable, Completed Examples
  • 10 Downloadable, Practice Point Exercises
  • 2 Downloadable, Practice Point Module Answers

Module summary:

  • Explains Portfolio Analysis and key terminology
  • Shows how to map your categories on the Portfolio Analysis Matrix (Portfolio Mapping)
  • Shows how to use Portfolio Analysis to determine behaviors and techniques
  • Shows how to use Portfolio Analysis to develop your sourcing strategy

Module lesson titles:

  1. Supplier market analysis - Portfolio analysis

Module summary:

  • Explains the acronym STEEPLE and its relevance to your sourcing strategy
  • Describes the advantages and disadvantages of STEEPLE
  • Explains how each STEEPLE factor impacts your sourcing strategy
  • Shows how STEEPLE informs your category sourcing strategy

Module lesson titles:

  1. Supply market analysis – STEEPLE

Module summary:

  • Explain Supplier Preferencing and key terminology
  • Describes the logic behind the Supplier Preferencing model
  • Shows the uses and benefits of Supplier Preferencing
  • Shows how Supplier Preferencing informs your category sourcing strategy

Module lesson titles:

  1. Supplier preferencing

Module summary:

  • Explains opportunity analysis and key terminology
  • Shows how to calculate potential savings on all categories in your portfolio
  • Details how to prioritize cost reduction activity category-by-category
  • Shows how to conduct your own opportunity analysis

Module lesson titles:

  1. Opportunity analysis

Module summary:

  • Explains the reason for option generation and purchasing’s responsibilities
  • Details the option generation rules
  • Explains the different aids used in option generation
  • Shows how to evaluate and prioritize options

Module lesson titles:

  1. Option generation

Module summary:

  • Explains PACE and key terminology
  • Builds understanding of the evolution of price and cost management
  • Details the different approaches to price and cost management at each PACE phase
  • Shows how to use PACE when developing your sourcing strategy

Module lesson titles:

  1. Price and cost evolution (PACE)

Module summary:

  • Explains SWOT/TOWS Analysis and key terminology
  • Details the logic behind the SWOT/TOWS Analysis model
  • Shows the advantages and disadvantages of SWOT/TOWS Analysis
  • Shows how to apply SWOT/TOWS Analysis when developing your sourcing strategy

Module lesson titles:

  1. SWOT analysis

Module summary:

  • Defines the factors driving the competitiveness of a supply market
  • Describes each of Porter's 5 forces
  • Determines your power in the supply market using Porter’s 5 Forces
  • Shows how Porter’s model can be used to inform your sourcing strategy

Module lesson titles:

  1. Supply market analysis - Porter's 5 forces

Module summary:

  • Explains RACI and key terminology
  • Describes the uses and benefits of RACI Analysis
  • Details the RACI 5-step development process
  • Shows how to build your own sourcing team RACI matrix

Module lesson titles:

  1. RACI

Module summary:

  • Explains the need for force field analysis
  • Describes the driving and restraining forces that impact your sourcing strategy
  • Introduces the force field analysis process and template
  • Shows how to use force field analysis to evaluate sourcing strategies

Module lesson titles:

  1. Force field analysis

Module summary:

  • Explains the need for competition analysis
  • Shows how to create, build or use competition in different supply markets
  • Builds understanding of the principles underpinning competition analysis
  • Details the appropriate approaches and behaviors to create competition

Module lesson titles:

  1. Competition analysis

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The options available for this course are below:

2 Months - $70.00

4 Months - $112.00

6 Months - $140.00 (Best Value)

Strategic Sourcing Toolkit (Single Course)

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