Effective procurement goes beyond cost-cutting—it’s about building a resilient, high-value supply chain that supports business success. Strategic Sourcing: Optimizing Procurement for Business Growth equips procurement and supply chain professionals with tools to enhance supplier relationships, optimize costs, and implement data-driven sourcing strategies.
This program covers market analysis, supplier risk management, contract negotiations, and digital procurement technologies. Through expert-led discussions, real-world case studies, and interactive exercises, participants will learn to create a strategic sourcing framework that aligns with business objectives, delivers long-term value, and sustains a competitive advantage.
By the end of this course, participants will be able to:
Module 1: Introduction to Strategic Sourcing
Defining strategic sourcing in modern procurement
The shift from tactical purchasing to value-based sourcing
The role of strategic sourcing in business profitability
Module 2: Market Research and Supplier Evaluation
Conducting industry analysis and supplier benchmarking
Developing supplier selection criteria and risk assessments
Ensuring supplier compliance with sustainability and ethical standards
Module 3: Strategic Sourcing Planning and Execution
Aligning sourcing strategies with business goals
Building a data-driven supplier selection and performance framework
Managing cost structures and total cost of ownership (TCO)
Module 4: Advanced Negotiation and Contract Management
Effective negotiation tactics to secure favorable procurement terms
Contract lifecycle management: drafting, execution, and compliance
Legal considerations and dispute resolution in sourcing agreements
Module 5: Supplier Relationship & Performance Management
Key principles of supplier collaboration and engagement
Performance measurement frameworks (KPIs, SLAs, and scorecards)
Conflict resolution and maintaining long-term supplier partnerships
Module 6: Cost Reduction and Value Optimization
Techniques for cost analysis and strategic cost-saving initiatives
Leveraging economies of scale for procurement efficiency
Case studies: cost optimization without compromising quality
Module 7: Digital Procurement and Technology Integration
The role of e-sourcing, AI, and blockchain in procurement
Using procurement analytics for strategic decision-making
Trends and innovations shaping the future of sourcing
Module 8: Implementation and Continuous Improvement
Developing a roadmap for strategic sourcing transformation
Measuring sourcing effectiveness and refining strategies
Case study presentations and action planning
Participants enrolling in this program should have a minimum of 3 years’ professional experience in procurement, supply chain, or related fields.
Requirements:
Applicants who do not meet this criterion but are eager to advance their sourcing expertise are encouraged to speak with a Career Advisor to discuss eligibility options.
Facilitator at Piston and Fusion Business Academy • Nigeria
Master's degree in Procurement and Supply Chain Management; Bachelor's degree in Marine Engineering; Diploma in Marine Engineering; (FIMC, IMC); (MCIPS, CIPS); (ANIMN, NIMN)
Fadola Johnson is a supply chain guru, seasoned leader, and passionate mentor with a Master's in Procurement and Supply Chain Management, a Bachelor's in Marine Engineering, and an Associate Diploma in Marine Engineering. His expertise spans various supply chain domains, including vendor management, procurement, warehouse and inventory management, logistics, strategy, quality management, and business leadership. With experience as Head of Supply Chain & Business Development at Apical International Energy and Resources Ltd, Fadola combines practical industry insights with a passion for education. As a sought-after trainer at Piston and Fusion Business Academy, he bridges the gap between theory and practice, equipping learners with the skills needed to excel in the dynamic supply chain field.
Piston and Fusion offer the Course as Classroom in Lagos and Virtual Online Class in other states in Nigeria. See dates and fees for classroom and virtual online class.
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Piston and Fusion offer the Course as Classroom in Lagos and Virtual Online Class in other states in Nigeria. See dates and fees for classroom and virtual online class.
This programme is designed for executives tasked with igniting innovation within their organisations, or who seek to create innovative solutions to a major challenge.
Are you a corporate client looking to upskill your team?
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Let’s elevate your team's skills together!
https://www.pistonandfusion.org/enrol-now?type=corporate&course=strategic-sourcingWe help you decide if this course is a good match for your career. We can also help you plan and develop a career path.
We help you decide if this course is a good match for your career. We can also help you plan and develop a career path.