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Classroom & Virtual
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overview
Course Overview
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.
Learning Outcomes
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
Curriculum
Module 1: Introduction to Strategic Sourcing
Module 2: Market Research and Supplier Evaluation
Module 3: Strategic Sourcing Planning and Execution
Module 4: Advanced Negotiation and Contract Management
Module 5: Supplier Relationship & Performance Management
Module 6: Cost Reduction and Value Optimization
Module 7: Digital Procurement and Technology Integration
Module 8: Implementation and Continuous Improvement
Module 1: Introduction to Strategic Sourcing
Defining strategic sourcing in modern procurement
The shift from tactical purchasing to value-based sourcing
The role of strategic sourcing in business profitability
Module 2: Market Research and Supplier Evaluation
Conducting industry analysis and supplier benchmarking
Developing supplier selection criteria and risk assessments
Ensuring supplier compliance with sustainability and ethical standards
Module 3: Strategic Sourcing Planning and Execution
Aligning sourcing strategies with business goals
Building a data-driven supplier selection and performance framework
Managing cost structures and total cost of ownership (TCO)
Module 4: Advanced Negotiation and Contract Management
Effective negotiation tactics to secure favorable procurement terms
Contract lifecycle management: drafting, execution, and compliance
Legal considerations and dispute resolution in sourcing agreements
Module 5: Supplier Relationship & Performance Management
Key principles of supplier collaboration and engagement
Performance measurement frameworks (KPIs, SLAs, and scorecards)
Conflict resolution and maintaining long-term supplier partnerships
Module 6: Cost Reduction and Value Optimization
Techniques for cost analysis and strategic cost-saving initiatives
Leveraging economies of scale for procurement efficiency
Case studies: cost optimization without compromising quality
Module 7: Digital Procurement and Technology Integration
The role of e-sourcing, AI, and blockchain in procurement
Using procurement analytics for strategic decision-making
Trends and innovations shaping the future of sourcing
Module 8: Implementation and Continuous Improvement
Developing a roadmap for strategic sourcing transformation
Measuring sourcing effectiveness and refining strategies
Case study presentations and action planning
who attends
Right For You
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.
Key Program Features
Training
The Strategic Sourcing training approach employs hands-on learning, which imparts the skills required for specific job roles.
Internship & Projects
The Strategic Sourcing course provides up to 4 months of internship while working on real work projects, which adds expertise and verifiable work references in the resident country.
Career Development
The Strategic Sourcing course assists participants in securing a job through the development of a professional profile and job prospecting.
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The P&F Experience
Piston & Fusion Business Academy empowers individuals and businesses to achieve their professional goals through a variety of innovative courses, programs, and career services.
course schedule
The Schedule For This Course
Piston and Fusion offer the Course as Classroom in Lagos and Virtual Online Class in other states in Nigeria. See dates and fees for classroom and virtual online class.
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What It Will Cost
Piston and Fusion offer the Course as Classroom in Lagos and Virtual Online Class in other states in Nigeria. See dates and fees for classroom and virtual online class.
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Ready to Join the Course?
This programme is designed for executives tasked with igniting innovation within their organisations, or who seek to create innovative solutions to a major challenge.
How to Apply:
- Check the website to select a course of choice and fee.
- Pay the registration fee and tuition to P&F account domiciled at First Bank
- DETAILS Account Name: Piston & Fusion Ltd Account Number: 2015242578 Bank: First Bank of Nigeria
- Send your name, phone no, email, training location, amount paid & proof of payment to fees@pistonandfusion.org
- Complete the enrollment form ONLY AFTER PAYMENT
- CASH PAYMENTS ARE NOT ALLOWED, ALL PAYMENTS MUST BE MADE TO THE COMPANY’S ACCOUNT.
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FAQs
Frequently Asked Questions
Strategic Sourcing is a proactive and data-driven approach to procurement, focusing on long-term supplier partnerships, cost optimization, and operational efficiency.
It helps businesses reduce costs, mitigate risks, improve supplier relationships, and ensure procurement aligns with organizational goals.
Professionals in procurement, supply chain management, operations, and finance who want to develop cost-effective and value-driven sourcing strategies.
Yes! Participants who successfully complete the program will be awarded a Certificate in Strategic Sourcing.