An Intensive 5-day Training Course
Next-Gen Strategic Sourcing
Leveraging Technology and Relationships for Success
CLASSROOM DATES
INTRODUCTION
The landscape of strategic sourcing has transformed significantly in recent years, driven by technological advancements, evolving business needs, and an increasing focus on building sustainable supplier relationships. Next-Gen Strategic Sourcing: Leveraging Technology and Relationships for Success explores how to integrate digital tools, data analytics, and strong supplier partnerships to drive procurement excellence.
Strategic sourcing today is about much more than reducing costs—it’s about creating value through innovative solutions, optimizing supplier performance, and navigating the complexities of global supply chains. This EuroMaTech training course equips professionals with the skills and knowledge to harness emerging technologies such as AI, blockchain, and E-procurement systems while simultaneously building collaborative, long-term relationships with suppliers.
Participants will learn how to leverage technology and supplier networks to achieve a competitive edge, manage risks effectively, and foster sustainable procurement practices in the rapidly changing global market.
TRAINING OBJECTIVES
Next-Gen Strategic Sourcing training aims to help participants achieve the following objectives:
- Understand how technology is reshaping the strategic sourcing landscape, including AI, automation, and blockchain.
- Explore building strong, long-term relationships with suppliers for mutual growth and success.
- Learn advanced sourcing strategies that incorporate digital tools and data-driven decision-making.
- Develop skills in supplier risk management, including sustainability, ethical sourcing, and carbon credit management.
- Gain expertise in negotiating strategic sourcing agreements using digital tools and smart contracts.
- Master performance measurement techniques and use analytics to continuously improve sourcing practices.
- Understand the importance of aligning sourcing strategies with organizational goals and business objectives.
WHO SHOULD ATTEND?
This training course is designed for procurement and supply chain professionals looking to stay ahead of the curve by incorporating modern technology and relationship management into their sourcing practices. It is particularly suited for:
- Procurement Managers and Officers
- Supply Chain Professionals
- Contracting Officers
- Sourcing Professionals
- Program and Project Managers
- Business Analysts
- Auditors
The course will also benefit those involved in the strategic planning, evaluation, and management of sourcing activities, tenders, and contracts, particularly for the acquisition of materials, services, and technology. By attending, participants will gain the knowledge and skills needed to lead sourcing initiatives that deliver value and ensure organizational success in an increasingly digital and interconnected world.
TRAINING METHODOLOGY
The Next-Gen Strategic Sourcing workshop is structured to maximize participant engagement and learning through the following methods:
- Workshop-Based Learning: Participants will work through practical exercises designed to explore key concepts in strategic sourcing. These hands-on sessions will cover the full spectrum of sourcing, from supplier selection to negotiation and performance measurement.
- Game-Based Learning: Through competitive team-based games, participants will be challenged to apply sourcing strategies, negotiate contracts, manage supplier relationships, and navigate sourcing risks. These interactive games will simulate real-world scenarios and foster collaboration and strategic thinking.
- Case Study Analysis: Participants will work on detailed case studies, analyzing sourcing challenges faced by organizations in various industries. The case studies will allow participants to apply theoretical knowledge to real-life situations, fostering critical thinking and problem-solving skills.
- Group Discussions and Team Assignments: Throughout the course, participants will engage in group discussions to share insights and solutions, helping to broaden their understanding of the key topics. Team assignments will encourage collaboration and peer learning.
- Competitive Exercises: In each session, teams will compete to solve sourcing challenges. These competitive exercises will simulate the decision-making process in sourcing and procurement, highlighting the importance of strategy, teamwork, and negotiation.
TRAINING OUTLINE
Day 1 - Introduction to Procurement and its Strategic Role
- Overview of Procurement in Modern Supply Chains
- The Role of Procurement and Strategic Sourcing in Value Creation and Competitive Advantage
- Lean and Agile Sourcing
- Procurement’s Integration with Other Business Functions (e.g., Finance, Operations, Marketing& Legal)
- The Strategic Importance of Procurement in the Organization’s Supply Chain
- Key Procurement Objectives: Cost Reduction, Quality, Delivery, and Risk Management
- Game-based learning and a workshop in Procurement and Sourcing
Day 2 - Sourcing Strategy and Procurement Planning
- Understanding Sourcing and Procurement Strategies
- Managing Procurement for Future Trends: Digitalization and AI in Procurement
- The Role of Organizational Structure in Sourcing Decisions
- Setting Mission, Vision, and Objectives for Procurement
- Strategic Sourcing Framework: Identifying and Selecting Suppliers
- Tools for Strategy Formulation and Implementation
- Zero Cost plan in managing suppliers
- Managing Organizational Conflicts and Stakeholder Engagement
- Workshop for managing complex sourcing
Day 3 - Supplier Relationship Management and Risk Mitigation
- Identifying and Evaluating Sources of Supply: Local vs. Global Sourcing
- Supplier Selection and Risk Assessment Models
- Carbon credits management for suppliers.
- Building Strong Supplier Relationships for Long-Term Success
- Make or Buy Decision Analysis and Total Cost of Ownership
- Ethical Sourcing and Sustainability in Procurement
- Risk Simulation & Advanced Case Study
- Risk Management in International Sourcing and Outsourcing Services
Day 4 - Effective Negotiation and Contract Management
- Key Negotiation Skills for Procurement Professionals
- Smart Contracts & Auditing Tools
- Advanced Negotiation Tactics and Techniques
- Understanding the Negotiation Process: Preparation, Bargaining, Closure
- Common Negotiation Pitfalls and How to Avoid Them
- Contract Management: Best Practices for Procurement Professionals
- Arbitration management in Strategic sourcing
- Post-negotiation review and Continuous Improvement
Day 5 - Measuring and Improving Sourcing Performance
- Key Performance Indicators (KPIs) for Sourcing and Procurement
- Methods for Measuring and Improving Sourcing Performance
- E-procurement and Sourcing for the future
- Performance Evaluation Tools: Supplier Scorecards, Dashboards, and Analytics
- Managing Supplier Risk and Performance Reviews
- EDI Vs API in Procurement and Sourcing Management
- Ethical Procurement and Sustainable Sourcing Practices
- Smart Dashboards and Reporting
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ACCREDITATION
EuroMaTech is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.NASBARegistry.org.
Euromatech is a Knowledge & Human Development Authority (KHDA) approved training institute in Dubai, licensed and approved to deliver training courses in the UAE.
The KHDA is the regulatory authority in the UAE, that oversees administering, approving, supervising, and controlling the activities of various education providers in the UAE. We are proud of our commitment to ensuring quality training courses and status as a KHDA-approved training provider.
FAQ
What makes EuroMaTech a leader in professional training?
EuroMaTech stands out as a leader in training and professional development due to:
- 30+ years of experience delivering high-impact training courses across industries.
- Accreditations from leading institutions, ensuring top-tier course quality and recognition.
- A portfolio of thousands of training courses, serving professionals at every level.
- A focus on innovation and future-ready learning models, including blended and digital training.
- Long-term partnerships with organizations globally, ensuring sustained success through talent development.
How can I register for a EuroMaTech training course?
To register for a training course, you can:
- Visit the EuroMaTech website, browse the available courses, and follow the online registration process.
- Contact EuroMaTech’s support team for assistance with course selection or inquiries about corporate training solutions.
Does EuroMaTech offer international training courses?
Yes, EuroMaTech delivers training courses in major cities worldwide, including locations across Europe, Asia, Africa, and the Middle East, in addition to its extensive presence in Dubai.
Where are EuroMaTech’s training courses held?
EuroMaTech conducts its training courses at prestigious venues across Dubai and other major international cities. Additionally, virtual training options are available, allowing participants to join courses remotely from anywhere in the world.
What ISO training courses does EuroMaTech offer?
EuroMaTech provides a range of ISO certification and compliance training courses, including:
- ISO 9001 – Quality Management Systems Training
- ISO 45001 – Occupational Health & Safety Management Training
- ISO 14001 – Environmental Management Systems Training
These courses help organizations adopt internationally recognized standards and improve their overall performance.
How does EuroMaTech ensure the quality of its training courses?
EuroMaTech ensures the highest standards by:
- Partnering with globally recognized accrediting bodies such as ILM, CPD, PMI, NEBOSH, and HRCI.
- Designing training courses with a focus on practical, real-world applications.
- Using experienced instructors with industry expertise.
- Continuously updating course content to reflect current trends and best practices.
Does EuroMaTech provide customized corporate training courses?
Yes, EuroMaTech specializes in tailored corporate training courses designed to meet the unique needs of organizations. These customized courses are ideal for businesses seeking to upskill teams across different departments or regions.
How many professionals have attended EuroMaTech’s training courses?
EuroMaTech has successfully delivered thousands of training courses, with thousands of professionals from over 50 countries attending annually.
What industries does EuroMaTech serve through its training courses?
EuroMaTech provides specialized training courses for a wide range of industries, including:
- Oil & Gas
- Energy & Power
- Construction & Infrastructure
- Banking & Finance
- Healthcare
- Telecommunications
- Logistics & Supply Chain
- Aviation & Aerospace
- Government & Public Sector
- Hospitality & Tourism
- Information Technology & Cybersecurity
- Human Resources & Talent Management
Are EuroMaTech’s training courses accredited?
Yes, EuroMaTech’s training courses are accredited by globally recognized institutions, ensuring high-quality, internationally respected certifications. Key accreditations include:
- ILM (Institute of Leadership & Management)
- CPD (Continuing Professional Development Certification Service)
- PMI (Project Management Institute)
- NEBOSH (National Examination Board in Occupational Safety and Health)
- HRCI (Human Resource Certification Institute)
What types of training courses does EuroMaTech offer?
EuroMaTech offers a diverse portfolio of training courses designed to meet the needs of professionals at all levels. These include:
- Leadership & Management Development Training
- Technical & Engineering Training Courses
- Project & Risk Management Training
- Health, Safety & Environmental (HSE) Training
- Finance & Accounting Training Courses
- ISO Compliance & Certification Training
- Human Resources & Talent Management Training
- Soft Skills & Communication Training Courses
Do you provide assistance with hotel accommodation?
Yes, we can assist you with the following:
- Corporate Discount: If available, we can extend our corporate discount for your stay at selected hotels.
- Hotel Suggestions: We can provide recommendations for nearby hotels based on your preferences and budget.
Feel free to explore online booking platforms for the most cost-effective options.
Do you offer customized training for organizations?
Yes, we provide tailored training solutions designed to meet the specific needs of your organization. Customized courses can be delivered either in-person or online, and you can select the dates and duration that best fit your schedule. For more details, please contact us at inhouse@euromatech.com
What types of training formats do you offer?
We provide two flexible training formats to suit your preferences:
- Classroom Training: Experience in-person learning with expert instructors. Engage in interactive discussions, hands-on activities, and benefit from face-to-face networking.
- Online Training: Join live online sessions from anywhere, offering flexibility for those with busy schedules or who prefer remote learning.
- In-House Training: We can bring our training directly to your organization, allowing for tailored sessions that address your specific needs and objectives.
Can you assist with visa arrangements?
Yes, we can help by issuing an official Letter of Invitation once you’ve confirmed your training registration, which can assist in your visa application process.
Who will be the senior consultant leading the training?
We are happy to share the profiles of our expert instructors. To learn more about their qualifications and experience, please contact us info@euromatech.com
