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Logistics & Supply Chain Management
CISM – Certified International Sourcing Manager
- Overview
- Course Outline
- Association
Course Objectives
Upon completing this sourcing manager certification, participants will be able to:
- Develop and implement sourcing strategy
- Understand global procurement and sourcing practices
- Differentiate between various types of sourcing
- Locate and determine sources of supply
- Determine changing marketplace factors
- Manage productive supplier relationship
and ensure continuous process improvement
Target Competencies
- Understanding SCM vs. Procurement & Purchasing vs. Sourcing
- Strategic sourcing
- Supplier Management
- Global procurement and sourcing
- Sourcing best practices
- Supply chain sourcing
Course Outline
Module 1 – Sourcing in procurement and supply
- What is SCM
- What is procurement
- What is purchasing
- What sourcing is
- The differences between SCM, Procurement, Purchasing and Sourcing
Module 2 – Strategic Sourcing
- The Sourcing process
- Differentiating tactical and strategic sourcing
- Sources of information of potential suppliers
- Prioritizing sourcing exercise
- Cross-functional and cross-organizational involvement of stakeholders
- Importance of early supplier involvement
- Make/buy
Module 3 – Supplier Relationship Management
- Key aspects to managing supplier relationships
- Surveying the supply market
- Importance of analyzing markets
- Best practices – managing productive supplier relationships
- Supply market analysis tools
- Managing sourcing data
Module 4 – Selecting Suppliers and Measuring Performance
- Selecting supplier and awarding the contract
- Applying selection criteria
- Supplier evaluation – an ambiguous phrase
- Supplier evaluation criteria
- Supplier rating methods
- Supplier motivation
Module 5 – Contract Administration for Optimum Supplier Performance
- Contract Essentials
- Sequential source-to-contract cycle
- Letters of Intent
- Reviewing contracts for legal requirements
- Maintaining procurement documents and records
- Managing contract compliance
- Aligning practices with policies
- Implications of cost and time
- Handling supplier related deviations
Module 6 – Sourcing Best Practices
- Using emerging strategies to streamline supplier management system
- Need for strategic relationships
- Approaches to supplier relationship management
- Types of suppliers
- Supplier management solutions and strategies for better relationships
- Evolution of category management
- Building foundation of critical negotiations with critical suppliers
Module 7 – Ethical and Sustainable Supply Chain Sourcing
- How organizations can help to ensure an ethical supply chain
- Choose cost-efficient suppliers
- Maximize the value of relationship
- Building partnerships and relationships with suppliers
- Supplier relationship hierarchy
- Managing supply chain risk
- Generic types of software in SCM
Module 8 – International Sourcing
- Practical implications of sourcing from international suppliers
- Opportunities in international sourcing
- Key tools and techniques for developing international contracts
- Advantages & disadvantages of international sourcing
- Applicable laws and jurisdictions
- Role of Forex and Hedging
- Supply chain risks in international sourcing
IPSCMI, the International Purchasing and Supply Chain Management Institute is a globally reputed professional certification institute in the United States offering specialization course for Sourcing Manager throughout the world in all modes of instruction.
Blue Ocean Academy has an exclusive tie-up with the US-based International Purchasing and Supply Chain Management Institute (IPSCMI) to offer CISM in the UAE and other GCC countries. Upon course completion, students receive a Certificate from IPSCMI.
- Overview
Course Objectives
Upon completing this sourcing manager certification, participants will be able to:
- Develop and implement sourcing strategy
- Understand global procurement and sourcing practices
- Differentiate between various types of sourcing
- Locate and determine sources of supply
- Determine changing marketplace factors
- Manage productive supplier relationship
and ensure continuous process improvement
Target Competencies
- Understanding SCM vs. Procurement & Purchasing vs. Sourcing
- Strategic sourcing
- Supplier Management
- Global procurement and sourcing
- Sourcing best practices
- Supply chain sourcing
- Course Outline
Course Outline
Module 1 – Sourcing in procurement and supply
- What is SCM
- What is procurement
- What is purchasing
- What sourcing is
- The differences between SCM, Procurement, Purchasing and Sourcing
Module 2 – Strategic Sourcing
- The Sourcing process
- Differentiating tactical and strategic sourcing
- Sources of information of potential suppliers
- Prioritizing sourcing exercise
- Cross-functional and cross-organizational involvement of stakeholders
- Importance of early supplier involvement
- Make/buy
Module 3 – Supplier Relationship Management
- Key aspects to managing supplier relationships
- Surveying the supply market
- Importance of analyzing markets
- Best practices – managing productive supplier relationships
- Supply market analysis tools
- Managing sourcing data
Module 4 – Selecting Suppliers and Measuring Performance
- Selecting supplier and awarding the contract
- Applying selection criteria
- Supplier evaluation – an ambiguous phrase
- Supplier evaluation criteria
- Supplier rating methods
- Supplier motivation
Module 5 – Contract Administration for Optimum Supplier Performance
- Contract Essentials
- Sequential source-to-contract cycle
- Letters of Intent
- Reviewing contracts for legal requirements
- Maintaining procurement documents and records
- Managing contract compliance
- Aligning practices with policies
- Implications of cost and time
- Handling supplier related deviations
Module 6 – Sourcing Best Practices
- Using emerging strategies to streamline supplier management system
- Need for strategic relationships
- Approaches to supplier relationship management
- Types of suppliers
- Supplier management solutions and strategies for better relationships
- Evolution of category management
- Building foundation of critical negotiations with critical suppliers
Module 7 – Ethical and Sustainable Supply Chain Sourcing
- How organizations can help to ensure an ethical supply chain
- Choose cost-efficient suppliers
- Maximize the value of relationship
- Building partnerships and relationships with suppliers
- Supplier relationship hierarchy
- Managing supply chain risk
- Generic types of software in SCM
Module 8 – International Sourcing
- Practical implications of sourcing from international suppliers
- Opportunities in international sourcing
- Key tools and techniques for developing international contracts
- Advantages & disadvantages of international sourcing
- Applicable laws and jurisdictions
- Role of Forex and Hedging
- Supply chain risks in international sourcing
- Association
IPSCMI, the International Purchasing and Supply Chain Management Institute is a globally reputed professional certification institute in the United States offering specialization course for Sourcing Manager throughout the world in all modes of instruction.
Blue Ocean Academy has an exclusive tie-up with the US-based International Purchasing and Supply Chain Management Institute (IPSCMI) to offer CISM in the UAE and other GCC countries. Upon course completion, students receive a Certificate from IPSCMI.