Creating a Sourcing Plan in Procurement and Supply

Introduction :

This course is introduced to you by the International Academy of Human Resources Development (IAHRD). Our courses are specially designed to meet your needs, explained to you by experts with a long experience in the field.

Excellent planning  is always the way to excellence in the field of business, it's all about good planning.Here , we are going to focus on sourcing plan in procurement and supply. This course will help you develop a plan for sourcing goods or services from external suppliers and what are the options you have. You will also learn how to assess the financial stability of your potential suppliers to enable you adopt the perfect plan that reaps mutual benefit.

Objectives :

After attending this course, participants will be able to:

1. Understand the users need for a product or service.
2. Understand the main options for sourcing of requirements from suppliers
3. Develop a plan for sourcing goods or services from external suppliers
4. Evaluate the financial stability of potential suppliers.
5. Apply the main processes in the sourcing of requirements from external suppliers.
6. Deal with the potential problems when sourcing from suppliers.

Content:

Module 1:

1. Important concepts in procurement and supply.
2. Thesourcing process in relation to procurement.
3. Business requirements for a product or service.

Module 2:

1. Identifying opportunities.
2. Components of the purchase requisitions.
3. Compare the main approaches to the sourcing of requirements from suppliers.

Module 3:

1. Development of selection criteria that can be commonly applied when sourcing requirements from external suppliers.
2. Development of award criteria that can be commonly applied when sourcing requirements from external suppliers.

Module 4:

1. Creating a balance of commercial and technical award criteria in the sourcing plan.
2. Potential problems that might occur in the sourcing process.
3. Overcoming the problems after they occur.
4. Identify the main sources of information on potential suppliers’ financial performance.
5. The main processes used for obtaining quotations and tenders.

Module 5:

1. Evaluating the criteria that can be commonly applied to the assessment of quotations or tenders.
2. Evaluations to consider.
3. Using Weighted Point evaluation system.
4. Case study.

Who Should Attend?

1. Procurement and supply chain professionals.
2. Graduates and undergraduates who are planning for their future careers.
3. Interested candidates in general.