{"504701":{"#nid":"504701","#data":{"type":"event","title":"SCL Course: Defining and Implementing Effective Sourcing Strategies","body":[{"value":"\u003Ch4\u003ECOURSE DESCRIPTION\u003C\/h4\u003E\u003Cp\u003ELeading companies throughout the world are looking to formulate integrated supply strategies on both a local geographical and a global basis. This includes strategically sourcing materials and components worldwide and selecting global locations for key supply and distribution centers. The growth in global trade will continue to have a major impact on supply chains and requires firms to practice professional strategic supply management in order to help ensure continuity of supply and to contain and reduce costs.\u003C\/p\u003E\u003Cp\u003EStrategic sourcing enhances value, ultimately impacting the profitability of an entire organization. In this essential course, you\u2019ll learn how to develop and implement a sourcing strategy that aligns with overall competitive strategy. The course and the associated case studies, activities and discussions provide the context and a framework for making effective sourcing decisions including a comprehensive approach to strategic sourcing.\u003C\/p\u003E\u003Ch4\u003EHOW YOU WILL BENEFIT\u003C\/h4\u003E\u003Cp\u003E\u003Cstrong\u003EUpon completion of this course, you will be able to:\u003C\/strong\u003E\u003C\/p\u003E\u003Cul\u003E\u003Cli\u003ESelect the most appropriate sourcing strategy for a given commodity or service\u003C\/li\u003E\u003Cli\u003ECreate and execute effective sourcing strategies\u003C\/li\u003E\u003Cli\u003EOptimize sourcing initiatives\u003C\/li\u003E\u003Cli\u003EReduce sourcing costs\u003C\/li\u003E\u003Cli\u003EMake a significant contribution to overall organizational performance\u003C\/li\u003E\u003C\/ul\u003E\u003Ch4\u003EWHAT IS COVERED\u003C\/h4\u003E\u003Ch6 class=\u0022gt-ed-blue\u0022\u003EThe Role and Nature of Procurement and Supply Management in a Supply Chain Context\u003C\/h6\u003E\u003Cul\u003E\u003Cli\u003EOverview of the supply chain and the role of procurement in the supply chain\u003C\/li\u003E\u003Cli\u003EThe role of procurement process in linking members in the supply chain and assuring the quality of suppliers in the supply chain\u003C\/li\u003E\u003Cli\u003EEffective procurement of goods and services and its contribution to the competitive advantage of an organization\u003C\/li\u003E\u003Cli\u003EGlobal supply chains and opportunities and challenges for procurement\u003C\/li\u003E\u003C\/ul\u003E\u003Ch6 class=\u0022gt-ed-blue\u0022\u003ESupply Management and Strategy Development\u003C\/h6\u003E\u003Cul\u003E\u003Cli\u003EConcepts and definition of supply strategy\u003C\/li\u003E\u003Cli\u003EThe segmentation approach to supply strategy development\u003C\/li\u003E\u003Cli\u003EThe development of a spend analysis and categorization of purchases\u003C\/li\u003E\u003Cli\u003ESupply management goals and the supply management strategy development process\u003C\/li\u003E\u003Cli\u003ESelection of the appropriate strategy for a commodity purchase\u003C\/li\u003E\u003Cli\u003ETools and techniques for supply management\u003C\/li\u003E\u003Cli\u003ECase studies \u0026amp; best practical examples\u003C\/li\u003E\u003C\/ul\u003E\u003Ch6 class=\u0022gt-ed-blue\u0022\u003ETypes of Supply Strategies\u003C\/h6\u003E\u003Cul\u003E\u003Cli\u003EInsourcing vs. outsourcing\u003C\/li\u003E\u003Cli\u003EGlobal sourcing \u0026amp; risk management\u003C\/li\u003E\u003Cli\u003ESupplier optimization\u003C\/li\u003E\u003Cli\u003EEarly supplier involvement\u003C\/li\u003E\u003Cli\u003ESupplier development\/quality management\u003C\/li\u003E\u003Cli\u003ESupplier relationship management\u003C\/li\u003E\u003Cli\u003ETotal cost of ownership\u003C\/li\u003E\u003C\/ul\u003E\u003Ch6 class=\u0022gt-ed-blue\u0022\u003EProcurement Analysis and Classification\u003C\/h6\u003E\u003Cul\u003E\u003Cli\u003EThe key demand drivers and the assessment of specifications\/requirements for purchased items\/services\u003C\/li\u003E\u003Cli\u003EIdentification and elimination of waste in purchasing\u003C\/li\u003E\u003Cli\u003EOutline of process and tools for specification gap analysis\u003C\/li\u003E\u003Cli\u003EIdentification of cost drivers\u003C\/li\u003E\u003Cli\u003EProcess for evaluation of current procurement process and procedures\u003C\/li\u003E\u003Cli\u003EIdentifying process cost savings opportunities\u003C\/li\u003E\u003Cli\u003EProcess for determining total costs\u003C\/li\u003E\u003Cli\u003EBenchmarking review\u003C\/li\u003E\u003C\/ul\u003E\u003Ch6 class=\u0022gt-ed-blue\u0022\u003EAssessing Supply Markets\u003C\/h6\u003E\u003Cul\u003E\u003Cli\u003EThe process for identifying potential suppliers including current, alternative and non-traditional suppliers\u003C\/li\u003E\u003Cli\u003EProcess for purchasing research including evaluation of key commodity markets and market trends and influences\u003C\/li\u003E\u003Cli\u003ESourcing from international markets\u003C\/li\u003E\u003Cli\u003EMinority and woman owned business enterprises\u003C\/li\u003E\u003Cli\u003EOrganizing and performing supplier analysis\u003C\/li\u003E\u003Cli\u003EStrategies for effective supplier\/vendor evaluation, comparison and selection\u003C\/li\u003E\u003C\/ul\u003E\u003Ch6 class=\u0022gt-ed-blue\u0022\u003EDeveloping a Sourcing Strategy\u003C\/h6\u003E\u003Cul\u003E\u003Cli\u003EObjectives \u0026amp; desired outcomes from strategy\u003C\/li\u003E\u003Cli\u003EDeveloping the sourcing strategy based on positioning of items into categories\u003C\/li\u003E\u003Cli\u003EDeveloping alternative approaches to suppliers based on sourcing strategy\u003C\/li\u003E\u003Cli\u003EProcedures for developing and communicating sourcing strategies\u003C\/li\u003E\u003Cli\u003EAligning purchasing and supply operations with the strategic sourcing plan\u003C\/li\u003E\u003Cli\u003ESupply chain strategies and sourcing\u003C\/li\u003E\u003C\/ul\u003E\u003Ch6 class=\u0022gt-ed-blue\u0022\u003EImplementing the Strategy\u003C\/h6\u003E\u003Cul\u003E\u003Cli\u003ESupplier solicitation strategy development\u003C\/li\u003E\u003Cli\u003EThe RFP process\u003C\/li\u003E\u003Cli\u003EOverview of negotiation for purchasing\u003C\/li\u003E\u003Cli\u003ESupplier relationship strategy formulation and agreement\u003C\/li\u003E\u003Cli\u003EConverting the sourcing strategy into practice\u003C\/li\u003E\u003Cli\u003EContracting and contract price agreement processes and procedures\u003C\/li\u003E\u003Cli\u003ETransition plan-timeline-tools for implementation\u003C\/li\u003E\u003C\/ul\u003E\u003Ch6 class=\u0022gt-ed-blue\u0022\u003EInstitutionalizing the Strategy\u003C\/h6\u003E\u003Cul\u003E\u003Cli\u003EOngoing supplier evaluation\u003C\/li\u003E\u003Cli\u003EOperating the procurement function\u003C\/li\u003E\u003Cli\u003EMethods for controlling procurement function, including monitoring and performance review procedures\u003C\/li\u003E\u003Cli\u003EPeriodic contract price adjustment processes and procedures\u003C\/li\u003E\u003Cli\u003EPost implementation audit and development of action plans to correct deviations\u003C\/li\u003E\u003C\/ul\u003E\u003Ch6 class=\u0022gt-ed-blue\u0022\u003ETrends \u0026amp; Future Directions in Sourcing\u003C\/h6\u003E\u003Cul\u003E\u003Cli\u003EFuture trends in supply chain management and the impact on sourcing\u003C\/li\u003E\u003Cli\u003EThe role and application of technology in the sourcing process\u003C\/li\u003E\u003C\/ul\u003E\u003Ch4\u003EON-CAMPUS COURSE MATERIALS\u003C\/h4\u003E\u003Cp\u003ERequired\u003C\/p\u003E\u003Cul\u003E\u003Cli\u003ELaptop\u003C\/li\u003E\u003Cli\u003ECalculator\u003C\/li\u003E\u003C\/ul\u003E\u003Cp\u003EProvided\u003C\/p\u003E\u003Cul\u003E\u003Cli\u003EMemory stick\u003C\/li\u003E\u003Cli\u003EBook:\u0026nbsp;\u003Cem\u003EStrategic Supply Management\u003C\/em\u003E\u0026nbsp;by Dr. Robert Trent\u003C\/li\u003E\u003C\/ul\u003E\u003Ch4\u003ECOURSE PREREQUISITES\u003C\/h4\u003E\u003Cp\u003ENone.\u003C\/p\u003E\u003Ch4\u003ECERTIFICATE INFORMATION\u003C\/h4\u003E\u003Cp\u003ENo prerequisites. This course is part of the\u0026nbsp;\u003Ca href=\u0022https:\/\/www.scl.gatech.edu\/education\/professional-education\/courses#SCM\u0022\u003ESupply Chain Management (SCM) Certificate\u003C\/a\u003E.\u003C\/p\u003E","summary":null,"format":"limited_html"}],"field_subtitle":"","field_summary":[{"value":"\u003Cp\u003ELeading companies throughout the world are looking to formulate integrated supply strategies on both a local geographical and a global basis. This includes strategically sourcing materials and components worldwide and selecting global locations for key supply and distribution centers. The growth in global trade will continue to have a major impact on supply chains and requires firms to practice professional strategic supply management in order to help ensure continuity of supply and to contain and reduce costs.\u003C\/p\u003E","format":"limited_html"}],"field_summary_sentence":[{"value":"How to go about formulating an integrated supply strategy while taking into consideration both local geographical and global issues."}],"uid":"27233","created_gmt":"2016-02-22 16:11:32","changed_gmt":"2016-10-08 02:16:37","author":"Andy Haleblian","boilerplate_text":"","field_publication":"","field_article_url":"","field_event_time":{"event_time_start":"2016-06-21T09:00:00-04:00","event_time_end":"2016-06-23T18:00:00-04:00","event_time_end_last":"2016-06-23T18:00:00-04:00","gmt_time_start":"2016-06-21 13:00:00","gmt_time_end":"2016-06-23 22:00:00","gmt_time_end_last":"2016-06-23 22:00:00","rrule":null,"timezone":"America\/New_York"},"extras":[],"related_links":[{"url":"https:\/\/www.scl.gatech.edu\/education\/professional-education\/course\/diess","title":"Course webpage within the SCL website"},{"url":"https:\/\/pe.gatech.edu\/courses\/defining-and-implementing-effective-sourcing-strategies","title":"Course registration page"},{"url":"https:\/\/www.scl.gatech.edu\/sites\/default\/files\/downloads\/gtscl-diessbrochure.pdf","title":"Course flyer"}],"groups":[{"id":"1242","name":"School of Industrial and Systems Engineering (ISYE)"},{"id":"1243","name":"The Supply Chain and Logistics Institute (SCL)"},{"id":"56347","name":"EMIL"}],"categories":[],"keywords":[],"core_research_areas":[],"news_room_topics":[],"event_categories":[{"id":"10377","name":"Career\/Professional development"}],"invited_audience":[{"id":"78771","name":"Public"}],"affiliations":[],"classification":[],"areas_of_expertise":[],"news_and_recent_appearances":[],"phone":[],"contact":[{"value":"\u003Cp\u003EEMAIL: \u003Ca href=\u0022mailto:info@scl.gatech.edu\u0022\u003Einfo@scl.gatech.edu\u003C\/a\u003E or CALL: (404) 385-3501 between 9:00a.m. and 4:00p.m., Eastern time.\u003C\/p\u003E","format":"limited_html"}],"email":[],"slides":[],"orientation":[],"userdata":""}}}