SUPPLY CHAIN MANAGEMENT: STRATEGIC SOURCING
Thursday, Apr. 5, 2018
8:30 AM - 4:30 PM
621 Taylor Street
Bethlehem, PA 18015
Event Type: Workshop
A significant portion of organizational expenditures, often in excess of 50-60 percent of the cost of goods sold (COGS), is dedicated to suppliers who provide the critical materials, parts and services necessary for firms to produce products and services that meet customer needs and requirements. Strategic Sourcing is a critical supply chain management approach for formalizing the way information is gathered and used for leveraging purchasing power and finding value in the marketplace.
The purpose of this seminar is to provide you with the understanding, tools, and methods of the strategic sourcing process for improving firm performance. Elements of the strategic sourcing process discussed in this session include categorizing spend, analyzing supplier markets, developing supply strategy, analyzing prices, cost and total cost of ownership, developing bids, evaluating and selecting suppliers, negotiating agreements, and managing supplier relationships.