Program Overview
This practical program, delivered by a sourcing and supply chain expert with 25+ years of industry experience, helps professionals transition from reactive, price-driven sourcing to strategic vendor development and long-term supplier value creation. Through a blend of frameworks, risk/value mapping, and real-world case studies, participants will explore how to assess, segment, and nurture supplier bases, while reducing lead times and enhancing responsiveness. The program concludes with a simulation-based sourcing plan design, enabling participants to walk away with a customized 90-day roadmap to elevate their vendor ecosystem.
Features
- Understand the principles of strategic sourcing and vendor development
- Map supplier risk and value using segmentation and maturity tools
- Apply global best practices in supplier collaboration, audits, and innovation
- Design and implement a sourcing strategy for speed, flexibility, and compliance
Target audiences
- Quality & Operations Professionals
- Supply Chain Teams
Curriculum
- 3 Sections
- 10 Lessons
- 1 Day
Expand all sectionsCollapse all sections
- Vendor Development — From Transactional to Strategic4
- 1.1The role of vendor development in supply chain resilience
- 1.2Strategic sourcing vs. tactical buying
- 1.3Vendor Tiering, Supplier Scorecard, TCO (Total Cost of Ownership), Dual Sourcing, Supplier Innovation
- 1.4Example: How a fabric supplier co-developed with a brand to enable faster lead times and lower MOQ
- Sourcing Pain Points & Vendor Development Gaps2
- Best Practices in Vendor Development & Strategic Sourcing4
- 3.1Supplier segmentation: core, strategic, preferred, transactional
- 3.2Supplier capability building: quality, compliance, innovation, speed
- 3.3JVs, co-design, VMI (Vendor Managed Inventory), long-term contracts
- 3.4Simulation: Develop a strategic sourcing plan for a new product line needing shorter lead times and sustainable raw materials.
Instructor
