Effective procurement goes beyond cost-cutting—it’s about building a resilient, high-value supply chain that supports business success. Strategic Sourcing: Optimizing Procurement for Business Growth equips procurement and supply chain professionals with tools to enhance supplier relationships, optimize costs, and implement data-driven sourcing strategies.

This program covers market analysis, supplier risk management, contract negotiations, and digital procurement technologies. Through expert-led discussions, real-world case studies, and interactive exercises, participants will learn to create a strategic sourcing framework that aligns with business objectives, delivers long-term value, and sustains a competitive advantage.

By the end of this course, participants will be able to:

• Develop and implement a comprehensive strategic sourcing plan
• Conduct market research and supplier risk assessments
• Evaluate supplier performance using key procurement metrics
• Apply advanced negotiation techniques to secure value-driven contracts
• Reduce procurement costs without compromising quality
• Manage supplier relationships to drive long-term collaboration
• Utilize technology and data analytics to optimize sourcing decisions

Participants enrolling in this program should have a minimum of 3 years’ professional experience in procurement, supply chain, or related fields.

Requirements:

• Procurement directors and managers looking to refine their sourcing strategies
• Supply chain professionals and buyers aiming to optimize supplier performance
• Strategic sourcing specialists seeking advanced negotiation and contract management skills
• Operations and business leaders focused on cost reduction and supplier relationship management

Applicants who do not meet this criterion but are eager to advance their sourcing expertise are encouraged to speak with a Career Advisor to discuss eligibility options.