Co-hosted by sourcing experts Yulia and Sebastian at Zignify, the Complete Sourcing Best Practice Masterclass is designed to provide participants with a comprehensive understanding of sourcing strategies and methodologies. This masterclass covers key concepts and practical insights to optimize the sourcing process, ensuring efficiency and effectiveness in procurement.
Participants will delve into the intricacies of strategic sourcing, supplier evaluation, negotiation techniques, and risk management.
The course is structured to equip professionals with the necessary skills and knowledge to navigate the complexities of modern supply chain management and achieve sustainable competitive advantages through best practices in sourcing.
You Will Learn:
- Understand the key components of onshoring, nearshoring and offshoring.
- Learn how to find manufacturers and conduct thorough supplier evaluations to select partners that align with business objectives.
- Know why understanding local culture, traditions, and mindset is important to your success.
- Learn about challenges to be aware of when sourcing outside the USA
- Understand which product categories can be sourced in Europe, America, Latin America, Asia
- Develop negotiation skills to secure favorable terms and agreements with suppliers.
- Learn how to understand your true cost to ensure you are profitable
- Apply best practices for fostering strong supplier relationships and collaboration.
- Develop a comprehensive sourcing strategy that aligns with your business