Global Procurement and Sourcing Training

Live Online & Classroom Enterprise Training

Covers strategic sourcing, supplier management, and cost optimization in global supply chain operations.

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What is Global Procurement and Sourcing Training about?

Global Procurement and Sourcing is critical for organizations to remain competitive in today’s interconnected economy. This course provides a comprehensive understanding of procurement strategies, supplier management, global sourcing challenges, and risk mitigation techniques. Learners will explore how to evaluate suppliers, manage contracts, and leverage technology to improve procurement efficiency. Real-world case studies highlight best practices for cost savings, sustainability, and ensuring supply chain resilience in dynamic markets.

What are the objectives of Global Procurement and Sourcing Training ?

Understand the principles and processes of procurement and sourcing.
Evaluate and select suppliers based on performance, risk, and compliance.
Manage contracts, negotiations, and supplier relationships effectively.
Apply global sourcing strategies to optimize cost and efficiency.
Integrate sustainability and ethical practices into procurement decisions.

Who is Global Procurement and Sourcing Training for?

Procurement and Supply Chain Professionals.
Sourcing Managers and Buyers.
Operations and Logistics Managers.
Business Leaders involved in supplier negotiations.
Students aspiring to enter global supply chain careers.

What are the prerequisites for Global Procurement and Sourcing Training?

Prerequisites:

Basic understanding of supply chain and business operations.
Familiarity with vendor management concepts (helpful but not required).
Analytical and negotiation skills.
Interest in global trade and supply chain optimization.
No strict technical prerequisites – open to beginners and professionals.

Learning Path:

Introduction to Global Procurement and Sourcing
Supplier Evaluation, Selection, and Relationship Management
Contract Management and Negotiation Strategies
Global Sourcing Challenges, Risks, and Mitigation
Procurement Technology, Ethics, and Sustainability Practices

Related Courses:

Supply Chain Management Fundamentals
Strategic Sourcing and Supplier Relationship Management
Logistics and Operations Management
Responsible Sourcing Practices

Available Training Modes

Live Online Training

2 Days

Course Outline Expand All

Expand All

Module 1- Procurement & Sourcing Introduction

Introduction

Ten Good Articles To Read

Module 2- Procurement Basics

Welcome & Procurement Definitions

Importance of Procurement

Procurement Processes

Directs vs. Indirects

Stakeholder Management

Module 3- Strategic Sourcing

Strategic Sourcing

Module 4 -Supplier Management

Welcome & Supplier Selection and Management

Contract Management

Risk Management

Ethics

Module 5 - Supply Market Analysis

Welcome & Macro Level

Industry Level

Supplier Level

Module 6 - Procurement Negotiation

Welcome & Negotiation Process

Develop a Plan

In The Negotiation

Post Negotiation

Module 7 - Strategic Procurement and Sourcing Conclusions

Welcome and Final Reading Assignments-A Strategic Perspective

Who is the instructor for this training?

The trainer for this Global Procurement and Sourcing Training has extensive experience in this domain, including years of experience training & mentoring professionals.

Reviews

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Mindtree