Strategic Sourcing & Global Procurement Training Course

Introduction

The Strategic Sourcing & Global Procurement Training Course is a highly practical, globally relevant program designed for procurement, sourcing, and supply chain professionals who are responsible for driving value, reducing risk, and building competitive advantage through strategic supplier relationships. As global markets grow more interconnected and volatile, the ability to strategically source goods and services while managing costs and compliance is more critical than ever. This course provides expert insights and best practices for effective sourcing, supplier evaluation, contract negotiation, and procurement optimization.

In today’s fast-paced and technology-driven environment, procurement leaders must evolve beyond transactional buying and focus on strategic alignment, supplier collaboration, and sustainability. This course equips participants with modern tools and frameworks to conduct global supplier market analysis, mitigate sourcing risks, leverage digital procurement systems, and implement end-to-end sourcing strategies that align with organizational goals. Whether procuring raw materials, services, or finished goods, participants will gain the skills to enhance resilience, agility, and performance across the supply chain.

Target Audience

• Procurement and Sourcing Managers
• Supply Chain and Logistics Professionals
• Contract and Vendor Management Officers
• Category and Commodity Managers
• Operations and Purchasing Executives
• Strategic Planning Professionals
• Global Trade and Compliance Specialists

Duration

5 Days

Course Objectives

1. Understand the principles of strategic sourcing and procurement
2. Develop sourcing strategies aligned with business goals
3. Evaluate, select, and manage global suppliers effectively
4. Reduce procurement costs while enhancing value and quality
5. Negotiate contracts and manage supplier performance
6. Leverage digital tools and e-sourcing platforms
7. Mitigate sourcing risks and ensure regulatory compliance
8. Drive sustainable and ethical procurement practices

Course Content

Module 1: Introduction to Strategic Sourcing and Procurement

• Differences between tactical and strategic sourcing
• Global procurement trends and market dynamics
• Role of sourcing in organizational competitiveness
• Key elements of a strategic sourcing plan
• Procurement maturity models and best practices

Module 2: Supplier Market Analysis and Research

• Supplier segmentation and portfolio analysis
• Global supply market research tools
• Total cost of ownership (TCO) considerations
• Benchmarking suppliers and pricing models
• Risk-based sourcing decisions

Module 3: Supplier Selection and Evaluation

• Supplier prequalification and screening
• RFI, RFQ, and RFP development techniques
• Technical and commercial evaluation criteria
• Scorecards and decision-making frameworks
• Conducting supplier site visits and audits

Module 4: Contract Negotiation and Relationship Management

• Essentials of procurement contract management
• Negotiation planning, strategies, and tactics
• Building long-term supplier partnerships
• KPIs and performance-based contracts
• Conflict resolution and dispute handling

Module 5: E-Procurement and Digital Tools

• Introduction to procurement automation systems
• E-sourcing platforms and electronic bidding
• Integration with ERP and supply chain systems
• Data analytics and procurement dashboards
• Cybersecurity in procurement technology

Module 6: Global Sourcing and International Trade

• Benefits and challenges of global sourcing
• Managing international logistics and lead times
• Incoterms, tariffs, and trade agreements
• Supplier onboarding in different regions
• Currency, payment terms, and financial risks

Module 7: Risk Management and Procurement Compliance

• Identifying and managing procurement risks
• Supplier compliance with legal and ethical standards
• Anti-corruption, anti-bribery, and human rights policies
• Internal controls and procurement audits
• Supply chain transparency and reporting

Module 8: Sustainable and Ethical Procurement Strategy

• Green procurement and environmental sourcing
• Ethical labor and fair trade considerations
• Social responsibility in supplier selection
• Life-cycle assessment in sourcing decisions
• Aligning procurement with ESG goals

General remarks

• Customizable courses are available to address the specific needs of your organization.
• The participant must be conversant in English
• Participants who successfully complete this course will receive a certificate of completion from Lenol Development Center.
• The course fee for onsite training includes facilitation training materials, tea break and lunch.
• Accommodation and airport pick up are made upon request
• For any inquiries reach us through info@lenoldevelopmentcenter.com or +254 710 314 746
• Payment should be made to our bank