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Strategic Sourcing

In this global marketplace, it’s critical to have a disciplined approach to procurement and managing categories of spend. Even the organizational design of the procurement organization has become part of the overall corporate strategy to address global markets and economic shifts. The best models provide clear competitive differentiation in the marketplace.

There are two levels of strategic sourcing: 1) the approach taken to manage the organization’s entire portfolio of purchases, and 2) the approach used to develop specific category management strategies. In this course, we’ll review the considerations used to support both levels and create an effective strategic sourcing program.

This course is also available as a custom course on the Knoxville campus or at a location of your choice.

Related Courses

Key Benefits


Selecting the best strategic sourcing approach is dependent upon a variety of internal and external factors, and the maturity level of the current sourcing approach. This course examines the benefits of a more formal approach and explores various models used in industry today.

This program will invite your active involvement and encourage practice in class. You’ll be provided real examples in order to test the tools we’ll teach you.
Through this course, you will . . .
  • Evaluate strategic sourcing model designs to determine the best approach for your organization
  • Gain perspectives on the knowledge and expertise required to manage a strategic sourcing program
  • Explore a number of tools to determine and support strategic requirements
  • Be introduced to various types of analyses and see when and how to apply them in category strategy development
  • Review a proven process for developing category-specific strategies

Intended Audience


Business managers, supply management/procurement professionals, and other functional leaders who manage supply budgets or rely on procured supplies or services to support their work objectives.

Individuals who are responsible for organization and process design, those who have not had exposure to strategic sourcing, and those with experience who are interested in gaining a deeper understanding of the various tools available to improve overall approach and results will find this course valuable.

Duration/Dates


2 days

October 21—22, 2013

Faculty


Bonnie J. Keith, MSA—president of The Forefront Group, LLC, an international leader in Strategic Sourcing Transformation concepts. Bonnie has over 30 years of operations and supply management experience and has designed effective global procurement and supply management organizations.

Angela Easterwood, MBA—managing director of The Forefront Group, LLC. Angela has a proven track record in category strategy development, collaborative business process redesign, supplier identification and assessment, total cost analysis, and the implementation of solutions for procurement automation.

Cost


$2,500 ($2,400 for CSCM members; $2,125 for UT Supply Chain Forum members)  

$1,250 if repeating the course

Cost of the program includes . . .
  • Most meals
  • Single-room hotel lodging
  • On-campus transportation
  • Materials/simulations
  • Professional education credits, where applicable
Preferred pricing is available for multiple attendees from the same organization, current students and alumni of the Executive-Level MBA programs, and individuals who qualify for our General Services Agency (GSA) tuition rates. Note: if you qualify for GSA tuition rates, meals and lodging will be billed separately.

Visit our preferred pricing page or call +1 (865) 974-5001 for more information.