Sourcing strategy is a concept of defining the most suitable set of suppliers to fulfil the project/program needs. Sourcing strategy is usually run at the beginning of an NPD program with the cross-functional team consisting of procurement, R&D, manufacturing as the core functions also supported by the Supplier quality assistance.
- Objectives/Key learning points
- Understand the role of suppliers in projects
- Understand how to sub-classify suppliers according to different parameters (capability, strategic importance, category, capability etc.)
- The role of purchasing in defining supplier base
- Trade –offs between project view on supplier vs. purchasing view
- How to define what we require from a supplier?
- How to audit a supplier?
- How to design supplier involvement in a project (specifically New product Development)?
- Teaching methodology
- Power point and exercises
- Implementation methodology
- Run the workshop on a real project and make instant value by helping the project team to source the suppliers for that project based on consolidated knowledge about the suppliers and their capabilities to support that project/program, not based on general knowledge/perceptions.