Sourcing Strategies for Business Development Course Overview

Sourcing Strategies for Business Development Course Overview

The "Sourcing Strategies for Business Development" course is a comprehensive program designed to equip learners with the knowledge and skills required to effectively develop and implement sourcing strategies that align with a company's business goals. The course covers a broad range of topics from an introduction to different types of sourcing strategies, understanding supply chain management, market analysis, negotiation, risk management, and adapting to global markets.

Through the course, learners will be able to analyze market trends, identify opportunities, develop negotiation strategies, and manage supplier relationships. The curriculum addresses the challenges and benefits of sourcing, and provides insights into different industry practices, including strategies for startups, global, and emerging markets. Additionally, the course delves into how digital transformation influences sourcing strategies. By mastering these areas, participants will be able to leverage sourcing strategies to drive business development and gain a competitive edge in their respective industries.

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  • Live Online Training (Duration : 24 Hours)
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  • Live Online Training (Duration : 24 Hours)
  • Per Participant

♱ Excluding VAT/GST

Classroom Training price is on request

You can request classroom training in any city on any date by Requesting More Information

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  • 6 Months Access to Videos
  • Access via Laptop, Tab, Mobile, and Smart TV
  • Certificate of Completion
  • Official Coursebook
  • 10+ Tests Questions (Qubits)



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Course Prerequisites

To ensure that participants can successfully engage with and benefit from our Sourcing Strategies for Business Development course, the following minimum prerequisites are recommended:

  • Basic understanding of business operations and organizational structures.
  • Familiarity with supply chain concepts and the role of sourcing within it.
  • Some experience or fundamental knowledge in procurement, purchasing, or supply chain management.
  • Ability to conduct research and analyze data to inform decision-making processes.
  • Basic negotiation skills or understanding of negotiation principles.
  • General awareness of global economic and market trends.
  • Competency in using standard office software for communication and analysis (e.g., Microsoft Office Suite).
  • Willingness to learn and adapt to new concepts, strategies, and technologies related to sourcing and supply chain management.

These prerequisites are designed to provide a foundation upon which the course material can build. They are not intended to be barriers to entry but rather to ensure a cohesive learning experience for all participants.

Target Audience for Sourcing Strategies for Business Development

  1. The "Sourcing Strategies for Business Development" course is tailored for professionals seeking to enhance their strategic sourcing and supply chain skills.

  • Supply Chain Managers
  • Procurement Managers
  • Sourcing Specialists
  • Business Development Managers
  • Operations Managers
  • Purchasing Officers
  • Supplier Relationship Managers
  • Logistics Coordinators
  • Risk Management Officers
  • Compliance Officers
  • Contract Managers
  • Strategic Planners
  • Category Managers
  • Entrepreneurs and Startup Founders
  • Project Managers involved in supply chain or sourcing projects
  • IT Managers overseeing digital transformation related to sourcing
  • Management Consultants advising on sourcing efficiency
  • Financial Analysts focusing on cost savings and supply chain optimization
  • Business Analysts working on market analysis and sourcing strategies
  • International Trade and Global Sourcing Professionals
  • Quality Assurance Managers
  • Innovation Managers looking for emerging market opportunities

Learning Objectives - What you will Learn in this Sourcing Strategies for Business Development?

Introduction to the Course's Learning Outcomes and Concepts:

This course equips learners with comprehensive strategies for sourcing and supply chain management, emphasizing global and digital transformation approaches to business development.

Learning Objectives and Outcomes:

  • Gain an understanding of various sourcing strategies and their applicability across different industries and market conditions.
  • Analyze and improve supply chain performance using strategic sourcing principles.
  • Develop robust sourcing strategies that align with company objectives and market opportunities.
  • Assess and mitigate supplier risk to maintain supply chain integrity and continuity.
  • Master negotiation techniques and contract management to secure advantageous terms and foster strong supplier relationships.
  • Leverage technology to enhance supply chain efficiency and implement cutting-edge sourcing strategies.
  • Implement and measure the success of sourcing strategies to ensure they contribute to business development and cost savings.
  • Understand and manage the complexities of global sourcing, including cultural differences, legal considerations, and international market dynamics.
  • Formulate risk management and compliance frameworks to protect against sourcing-related vulnerabilities.
  • Explore digital transformation initiatives and how they can be supported through strategic sourcing and supplier partnerships.