Strategic Sourcing

Created by: Flevy
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Last Updated 01/2017
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Amendment 42-24 Authorized for use 1 January 2025 / Mandatory 1 January 2026

Description

This is a 15-slide PowerPoint.

Strategic Sourcing (also known as Sourcing Strategy or Procurement Strategy) allows an organization to realize significant savings by evaluating its procurement costs across a number of spend categories. This document details a 4-phase framework to Strategic Sourcing, outlining time frames, activities, and outputs.

The approach adopted includes the following phases:
1. Assessment Snapshot
2. Spend Analysis
3. Category Sourcing
4. Implementation

Each phase is explained in detail, including a breakdown of sub processes and activities. This framework can be applied to both Commodity and Specialty spend categories.

Strategic Sourcing

Strategic Sourcing
Strategic Sourcing

This is a 15-slide PowerPoint.

Strategic Sourcing (also known as Sourcing Strategy or Procurement Strategy) allows an organization to realize significant savings by evaluating its procurement costs across a number of spend categories. This document details a 4-phase framework to Strategic Sourcing, outlining time frames, activities, and outputs.

The approach adopted includes the following phases:
1. Assessment Snapshot
2. Spend Analysis
3. Category Sourcing
4. Implementation

Each phase is explained in detail, including a breakdown of sub processes and activities. This framework can be applied to both Commodity and Specialty spend categories.

Attachments:

Strategic Sourcing   (400 KB)
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Frequently Asked Questions

This course is designed for employees who need to complete Strategic Sourcing training

Yes. This course is designed to meet applicable federal requirements and commonly mandated state standards. Always confirm specific state or industry requirements with your local regulations.

The course takes approximately 15 minutes to complete and can be paused and resumed at any time.

No. This course does not include a certificate of completion.

Yes. You can assign this course to individuals or groups using Coggno’s LMS, or purchase multiple seats for your team.

Yes. This course can be exported for delivery in most learning management systems (SCORM compatible).

Yes. The course is fully self-paced and available 24/7.

Yes. This course includes a knowledge check to reinforce learning and verify completion.

Learners have lifetime access from the date of purchase.

Yes. A preview is available so you can review the course format and content before purchasing.

Yes. Content is reviewed and updated as regulations and best practices change.

No. This course is not included with the Prime Subscription and must be purchased separately.

Yes. Refund requests can be submitted within 30 days of purchase.

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