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Strategic Sourcing and Commodity Management

Course Description:

Strategic sourcing allows businesses to consolidate their procurement power to achieve the competitive total cost of ownership and minimise risk to the supply chain. The approach is a long-term process that is dependent on a continuous re-evaluation of the business’ sourcing activities, analysis of the market and aligning business goals and requirements with those of the suppliers. There is a need for a systematic and fact‐based approach to optimizing an organization’s supply base and improving the overall value proposition.

Target Audience:

Procurement Staff and Managers, Sales and Marketing Managers, and Business Development Staff.

Course Duration:

Two Days

Importance of the Course:

Strategic Sourcing and Commodity Management helps an organization build long-term relationships with its suppliers. By reinforcing the focus on the core capabilities of the suppliers and assuring the right suppliers for the right sourcing objective, strategic sourcing helps create a synergy between organizations and its suppliers. This course would help you to develop a good sourcing strategy and give you understanding on the need for relationship management.

Course Facilitator:

Simon Annan is a doctoral student at Cranfield University, UK and a Fellow of the Chartered Institute of Procurement and Supply (CIPS), UK. .  He is a Supply Chain Management and Operation Specialist with over fourteen years of experience in banking, telecommunication, construction, manufacturing and services sectors. He has held several senior management positions as Head of Procurement and Supply Chain Management with organisations such as Standard Chartered Bank Ghana, Ecobank Group, AGAMS holdings, Ghana National Household Registry under the Ministry of Gender Children and Social Protection (World Bank Financed Project) and Heritage Bank. Simon is the procurement consultant for the Public Financial Management Reform Project (PFMRP) under the Ministry of Finance (World Bank Financed Project) with the overall responsibility of developing and managing the end-to-end procurement and contract management for the project.

As a Procurement Expert; Simon Annan consults for many organizations and serves on Entity Tender Committees for several Public and Private Organizations as a Procurement and Supply Management as Technical Advisor. Simon has developed and presented over 120 topics in Procurement and Supply Chain Management at Training Workshops and Conferences organized by CIPS Africa, GIPS, Harley Reed Ghana and Universities. He holds an MBA in Strategic and Project Management from the Paris Graduate School of Management, France and professional diplomas in Procurement and Supply Chain  Management from the Chartered Institute of Procurement and Supply and Chartered Institute of Logistics and Transport (CMILT) all in UK. A certified project management consultant and a fellow from the Institute of project management, Ghana and has attained Fellow Status of Ghana Institute of Procurement and Supply.

Simon is currently the President of the Ghana Institute of Procurement and Supply (GIPS), a member of the Faculty Advisory Board of Koforidua Technical University, Business School, Director at the Institute of Project Management Professionals (IPMP), Board Member of KENT International School, Accra, Board Chair of Optimal Change Partnership (NGO) and Vice President for African Institute of Supply Chain Research (AISCR), West African Region.

Course Content:

  • Definition of Sourcing Strategy
  • Defining Procurement Excellence
  • Tactical vs. Strategic Sourcing
  • Strategic Sourcing Benefits
  • The Strategic Sourcing Process
  • Develop a Strategic Sourcing Plan
  • Developing and Maintaining Long-term Supplier Relationships
  • Analyze The Supply Market
  • Develop The Acquisition Strategy
  • Develop a Transition PlanDevelop a strategic sourcing strategy that achieves tangible results
  • Implement the strategic sourcing strategy to maximize total cost savings
  • Assess and prioritize opportunities for savings
  • Establish processes to manage the performance of the strategic sourcing contract
  • Apply best practices and lessons learned in strategic sourcing efforts
  • Develop a practical strategic sourcing plan

Training methodology

The course will be offered online.

Course Costing

$199

Course Dates

03-05 April 2024

10-12 June 2024

09-11 October 2024

Course Registration

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Established in 2019, the African Institute for Supply Chain Research (AISCR) provides supply chain research, education, outreach, and networking solutions for a better Africa.

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