About Our Strategic Sourcing Course

Time Training Center’s 5-day, 30-hour Strategic Sourcing Course equips you with the knowledge and skills to implement strategic sourcing as a core driver of business value and operational efficiency. 

Organizations seeking to establish world-class procurement functions require the capabilities to effectively implement strategic sourcing, driving value across the supply chain from suppliers to customers. This course delves into how strategic sourcing not only influences procurement decisions but also serves as a strategic lever that can directly impact profitability, innovation, and competitive advantage.

Strategic sourcing extends far beyond traditional procurement practices. It is a comprehensive, multi-functional activity that involves a rigorous analysis of the supply market, detailed planning, and the execution of long-term strategies. This course will help participants understand the critical elements that underpin strategic sourcing, the transition from tactical sourcing, and the role of e-Procurement in supporting sourcing strategies. By the end of this course, participants will be able to design and implement strategic sourcing frameworks that align with organizational goals and enhance overall procurement performance.

Strategic Sourcing Course Objectives

Upon successful completion of this Strategic Sourcing Course, participants will be able to:

• Develop a comprehensive strategic sourcing strategy that delivers measurable cost savings and strengthens supplier relationships
• Implement strategic sourcing strategies to maximize value across the entire supply chain, focusing on total cost of ownership and supplier performance
• Assess, prioritize, and leverage sourcing opportunities to drive long-term savings and operational improvements
• Establish processes to evaluate and manage the performance of sourcing contracts, ensuring continuous optimization and value delivery
• Apply industry best practices and lessons learned to refine strategic sourcing strategies and avoid common pitfalls
• Understand the core components of strategic sourcing and how they contribute to broader organizational goals
• Analyze the role of e-Procurement and digital tools in enhancing strategic sourcing effectiveness and efficiency
• Evaluate and understand market trends and their impact on supplier selection, negotiation strategies, and overall sourcing decisions
• Develop strategies for managing the sourcing of critical commodities and mitigating risks associated with supply chain disruptions

Who Should Attend Our Strategic Sourcing Course?

This course is highly beneficial for professionals involved in the strategic management of procurement, sourcing, and supply chain activities, including:

• Procurement Officers
• Contracting Officers
• Supply Chain Professionals
• Program Managers
• Procurement Analysts
• Project Managers
• Professionals involved in the planning, evaluation, preparation, and management of purchasing, tenders, and contracts related to the acquisition of materials, equipment, and services

Strategic Sourcing Course Training Methodology

We employ a comprehensive and applied learning strategy, integrating theory with real-world implementation:

• 30% Conceptual Learning: Expert-led sessions on catalytic theory and engineering principles
• 20% Interactive Workshops: Group exercises, presentations, and technical discussion forums
• 30% Case-Based Learning: Industry-specific examples and troubleshooting scenarios
• 20% Technology Integration: Digital tools, simulations, and catalyst modeling applications

Note: Instructors may adjust the training approach to fit technical requirements or participant engagement levels.

Strategic Sourcing Course Instructor

Our courses are delivered by highly qualified instructors with extensive experience in both industry and academia. With decades of hands-on expertise across a wide range of technical disciplines, our instructors are dedicated to providing high-quality, impactful training that equips participants with practical knowledge and skills they can immediately apply. Full instructor profiles are available upon request.

Strategic Sourcing Course Fees

The course fee includes the following:

• Course Materials: Comprehensive participant materials, including lecture notes, slides, and case study documents. (Tablet or IPAD)
• Coffee/Tea: Provided on arrival and during morning and afternoon breaks to keep participants refreshed.
• Buffet Lunch: Served daily to ensure participants have an opportunity to network and recharge during lunch breaks.

Strategic Sourcing Course Outline

Module 1: Strategic Sourcing Fundamentals and Procurement Excellence

• Pre-test assessment of existing knowledge
• Understanding the principles and objectives of strategic sourcing
• Differentiating tactical sourcing from strategic sourcing
• Identifying the benefits of transitioning to a strategic sourcing model
• Defining procurement excellence and aligning sourcing strategies with business goals
• Exploring the role of strategic sourcing within supply chain integration

Module 2: Strategic Sourcing Process and Commodity Strategy Development

• Structuring the strategic sourcing process: steps, stakeholders, and success factors
• Developing strategic sourcing plans aligned with corporate priorities
• Conducting supply market analysis and supplier landscape evaluation
• Prioritizing commodities and identifying sourcing opportunities
• Creating commodity-specific strategies to drive competitive advantage
• Planning the transition from existing sourcing methods to strategic models

Module 3: Sourcing Pathways, Supplier Development, and Negotiation Strategies

• Selecting sourcing paths: competitive bidding vs. collaborative partnerships
• Identifying and qualifying preferred suppliers
• Designing supplier development programs to enhance performance and innovation
• Managing supplier onboarding and capacity building
• Formulating negotiation strategies aligned with long-term value creation
• Evaluating proposals and aligning supplier capabilities with organizational objectives

Module 4: Advanced Tools for Cost and Value Optimization

• Applying procurement analytics and spend classification
• Utilizing strategic cost management techniques in sourcing decisions
• Understanding total cost of ownership (TCO) and lifecycle costing
• Implementing cost and value analysis to assess sourcing options
• Leveraging sourcing tools and technology for decision support
• Developing KPIs for performance evaluation and sourcing effectiveness

Module 5: Supplier Performance, Quality Assurance, and Global Integration

• Establishing supplier performance measurement frameworks
• Managing supplier relationships and ensuring compliance with SLAs
• Incorporating quality management systems into sourcing activities
• Integrating strategic sourcing with global supply base development
• Driving continuous improvement through supplier innovation and collaboration
• Building a resilient and agile sourcing strategy for global operations

Module 6: Capstone and Assessment

• Review of Core Topics and Key Learnings
• Final Group Discussion and Q&A
• Post-Test Evaluation
• Certificate Presentation

Course Completion Certificate

Upon successfully completing the Strategic Sourcing Course at Time Training Center, participants will receive an official Course Completion Certificate. This certificate recognizes their expertise in strategic sourcing, supplier management, and procurement optimization.