A primary responsibility of a sourcing professional is to understand the overall strategic direction of his or her company, and to then design, implement and communicate options and techniques that will successfully carry out that strategy.
To accomplish this, it is necessary to understand the various processes, challenges, and techniques that can help identify appropriate options for supply selection and strategy execution. It is also necessary to know and execute effective techniques for understanding and managing competition, and to fully understand which characteristics need to be considered when selecting suppliers. Without knowing how to align the corporate strategic goals to the actions of the sourcing management process, an organization risks having some of its decisions work against its long-term goals.
The identification of appropriate sourcing techniques to execute a successful sourcing strategy is key in today's marketplace. The methods of identifying supply resources, strategies available, and possible options for execution are critical to understand from an end-to-end supply chain perspective.
After completing this course, you should be able to:
Identify the appropriate sourcing parameters to use when developing an execution plan for the sourcing strategy.
Describe the impact of competition and how to leverage competitive factors to your advantage.
Examine supplier selection techniques and considerations.
Identify the most appropriate sources of supply that fit your company’s overall sourcing strategy.