Strategic Sourcing

The old saying “a penny saved is a penny earned” (Benjamin Franklin) is as relevant as ever. The increasing value percentage of purchased goods, the further opening up of global markets, highly volatile raw material prices, and the ever-growing necessity to collaborate with suppliers right from the early phases of new product development underline the enormous leverage effect of supply management on overall company success. Supply management has thus become a key element for achieving competitive advantages.

This course will provide you with in-depth knowledge on supply management essentials and selected concepts from this field, e.g. strategic aspects of supply management and recent developments. You will be able to manage the triangle of “cost out, value in, managing risk” from a purchasing perspective – this is also useful for you if you are pursuing a career e.g. in marketing as you understand the “other side”; furthermore, consultants, financial advisors and general managers will be able to appreciate the enormous impact of purchasing on company results.

  • Gain an appreciation of the strategic role of sourcing/supply management in a global economy
  • Acquire in-depth knowledge about the main theories, concepts, and tools needed for successful global sourcing/supply management
  • Receive a set of concepts and practical tools to use in support of your supply management decision making
  • Be able to apply these sourcing concepts and tools to specific cases

Yvonne Krack

Marketing Manager Executive Education



2019-06-30 / 2019-06-30
2019-07-06 / 2019-07-07
Place Düsseldorf
Language English
Price 2.195 €