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“Purchasing has, according to the trends, become more strategically important for companies. The importance of suppliers and purchasing/sourcing increased significantly during the 1990s and was acknowledged by executive managers by the end of the decade.” (Trent, et al., 1998).

Sourcing the right suppliers can be a complex process. This Course presents ‘research-based’ logistics and sourcing principles. Leaders will be equipped to identify the best choices for hiring suppliers and service providers in the most practical, cost-effective way.


This Course will provide you with:

  • The tools for strategic procurement planning
  • Bid development processes
  • The ability to understand legal structures
  • The essentials for project cost estimations
  • The different methods for sourcing suppliers or services
  • The tools to analyze and select the best type of sourcing method
  • Proposal, quotation and tender request methods, including e-procurement
  • The knowledge and ability to use a variety of strategic procurement means and methods
  • Risk analysis and submission evaluation techniques
  • The skills to calculate the total cost of procurement
  • Methods of designing contractual terms and conditions

Who Should Attend

This valuable Course will benefit procurement and non-procurement professionals alike. Any person involved in the planning, creation, issue, receipt or evaluation of procurement functions, or who source goods, materials and services will find this program profitable. These include logistics and supply chain managers, procurement committee members and project managers.


Day One

  • Critical Supply Strategies
  • What is Supply Chain and Procurement
  • Stakeholder Analysis
  • Cost Analysis
  • Supply Market Analysis

Day Two

  • E-Sourcing
  • Sourcing Types
  • Selecting the right sourcing strategy
  • Developing Tender Evaluation Criteria 
• Shrinking the Supply Base

Day Three

  • The Negotiation Process
  • Communication Techniques
  • Price and Cost Differences
  • Negotiating Long Term Benefits

Day Four

  • Advanced Purchased Price Cost Analysis
  • Key Performance Indicators
  • Supplier Relationship Management
  • Risk Management

Fee Information

Course Fees vary based on location, topic and dates of the course. Please contact us to get details. Standard course fee includes:

  • tuition costs
  • certificate
  • study materials
  • meals (Lunch and refreshments)
  • a social program (only if more than five participants attend)

  • Course Fee does not cover
  • Visa
  • travel costs
  • any insurance
  • accommodation
  • personal expenses and other meals

  • Discounts may apply for groups, In-house training or destinations other than specified in the program. Please contact us with your requirements and we will provide you with a quotation.

    Important Notes

    General Notes:

  • As an open course, this program is offered in specific destinations. However, for groups and as an in-house training, it can be offered in many parts of the world. Please contact us for more details
  • This program can be integrated with any other program in the same category and the client will get a considerable discount.
  • Accordemy courses can be offered in other languages than English too. Please contact us for your needs.

  • What Participants Receive?
  • Certificate of course completion issued by Accord Worldwide, Inc. The USA.
  • Lifetime free access to online version of the course material.
  • Lifetime free membership in related online discussion groups.
  • Discounted fee for future courses.

  • Travel Management

    If you require support in managing your trip to the course destination, we can provide you with information or arrangement. Travel management will be done by third party service providers and any discount will not apply on travel expenses.

    2 reviews for Sourcing Strategies

    1. Maria Johnson

      I am delighted to attend this program and highly recommend it to all.

    2. Maria Graciq

      It is a wonderful learning opportunity. Participants received strong support from the instructor.

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