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Sourcing Strategies
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Effective Supply: Evaluating Potential Suppliers #PEX205, Member: $99 Non-Member: $149 (2 CEHs)
The goal of evaluating potential suppliers is to identify sources of supply that can meet an organization's current and forecasted operational and strategic needs. The criteria on which potential suppliers are evaluated and the depth of the supplier analysis are critical components of the evaluation process. When suppliers are inadequately evaluated, the results can be costly for the buying organization in terms of total cost and risk of supply. The evaluation process can be contracted or expanded depending on the importance of the purchase to the organization and the risk associated with acquiring the purchase in the marketplace. |
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Effective Supply: Identifying Requirements #PEX203, Member: $79 Non-Member: $119 (1 CEH)
Throughout this course you will examine how to identify requirements in effective supply. The procurement and supply process starts with the identification of a needed requirement. The goal of identifying requirements is to describe the need in a way that will be meaningful to stakeholders and will result in the best value acquisition. Typically, about 70-80 percent of the total cost is influenced when requirements are identified. An accurate description of the requirement is critical, since this can be the greatest opportunity in the purchasing process to add value by reducing cost and improving quality. |
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Effective Supply: Sourcing #PEX204, Member: $79 Non-Member: $119 (1 CEH)
Sourcing is the process of identifying potential suppliers that could provide needed products or services for the acquiring organization. It is a key driver in a successful purchasing and supply management process. To make the "right" selection, the purchaser must first identify the "right" potential sources of supply. It is important to identify potential sources because too narrow a search may overlook the best supplier and too broad a search may result in higher costs with no benefit.
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Effective Supply: Supplier Selection #PEX206, Member: $79 Non-Member: $119 (1 CEH)
The supplier selection process occurs after the buyer or sourcing team has determined the decision criteria on which to base the decision and gathered data on each potential supplier. Supplier selection is the point at which the buyer or sourcing team decides how much volume to place with each specific supplier(s). The approach to the supplier selection process is driven primarily by the value of the purchase to the organization and the risk of acquiring the purchase in the marketplace. The higher the value and risk of the purchase, the more likely that cross-functional sourcing teams will make the supplier selection decision. If the logic behind the selection process is flawed, these errors can be costly for both the buying and selling organizations in terms of unacceptable supplier performance and a negative impact on operational and/or strategic capabilities. |
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Efficient Supply Systems: Development of Effective RFXs #PEX503, Member: $79 Non-Member: $119 (1.5 CEHs)
The RFX process includes Request for Information (RFI), Invitation for Bid (IFB), Request for Quote (RFQ), and Request for Proposal (RFP). Their purpose is to provide a vehicle for a purchaser to gather information from suppliers in various manners that will allow them to make educated decisions on whom to purchase from, which products or services to buy, and under what terms. |
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The Outsource Decision #PEX1004, Member: $99 Non-Member: $149 (2 CEHs)
Organizations must decide which activities they simply need to get done effectively, and which are the critical activities that drive value in their business. This is where the outsource decision, also known as the make-buy decision, comes into play. |
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