Strategic Sourcing in Supply Chain: Elevating Procurement for Business Success

Strategic sourcing and procurement are keys to business success and value creation.
Highlights
📈 Understand how to capture value through negotiations and cost analysis.
🤝 Build strong partnerships with suppliers through contingency planning and risk assessment.
💻 Leverage digitization and AI to optimize and automate procurement processes.
📊 Track and measure key performance indicators (KPIs) to ensure continuous improvement.
🤝 Integrate procurement strategies and operations with the overall business objectives.
Summary: Supply chains are getting more and more complex with growing customer needs and constantly evolving macro-economic impacts. For Procurement professionals, this means a higher number of SKUs, suppliers, stakeholders, and contracts to manage. With increasing complexity, how mature does a company's Procurement function need to be to run efficiently, meet financial goals, and be a strategic partner to the business?
In this live event, Course leads Paulo Sousa Jr. and Miguel Rodriguez Garcia host Niranjini Kumar, Management Consultant at McKinsey & Company, review different maturity levels of Procurement organizations, review the end-to-end sourcing process, dive into common leakages in the process in both strategic and transactional procurement, and discuss actions that can be taken by Procurement professionals to capture value.
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[@sergantkoreiner2730]

At first I don't get what she say. I read book, browse the internet, try to see a bigger picture and listen to her presentation again make me understand procurement holistically. Thank you mum.

[@janealam2991]

It is an excellent demonstration on procurement process. It helped me a lot to be familiar with the total activities in an organization in this area.

[@xuhan1454]

so verdammt gut, danke

[@abrarahmed5648]

This was extremely insightful, thank you :)

[@MITCTL]

We're glad you enjoyed it 😄 thanks for watching!

[@chinesecultureinessence1534]

do u have phD for supply chain management?

[@MITCTL]

Hello! You can find info about our PhD opportunities here: scm.mit.edu/mit-phd-opportunities-in-logistics-and-supply-chain/

[@chinesecultureinessence1534]

@@MITCTL Thank you that is very helpful

[@hopemaritime3896]

@@chinesecultureinessence1534 Great presentation. Many thanks !