Strategic Sourcing

ABOUT THE COURSE: The course on Strategic Sourcing describes and offers insights on the transformation from functional sourcing or purchasing to strategic sourcing. It will be useful for particiapants to understand:• Dramatic change of purchasing into world class supply management• Various strategic decisions for outsourcing, supplier selection, evaluation and development.• To understand the role of pricing, cost management and contracts with suppliers• The role of communications, electronic exchanges, global markets and Internet in sourcing process designINTENDED AUDIENCE: MBA studentsINDUSTRY SUPPORT: All companies dealing with procurement or sourcing related activities

Week 1: Introduction, Imperatives and Evolution of Strategic SourcingWeek 2:Supply process and Need IdentificationWeek 3:Strategic Sourcing Framework: Spend AnalysisWeek 4:Devising Sourcing StrategyWeek 5:Technology in Sourcing, Reverse Auctions and biddingWeek 6:Strategic Cost Management- Total Cost Ownership and Price AnalysisWeek 7:Strategic Cost Management- Cost AnalysisWeek 8:NegotiationWeek 9:Contracts and Compensation ArrangementsWeek 10:Supply selection and evaluation processWeek 11:Multi-Criteria-Decision-Making- supplier evaluationWeek 12:Global supply management and Supply Risk