This topic will provide you a comprehensive understanding of the differences between traditional purchasing and non-traditional services purchasing.
You will be able to define a comprehensive sourcing strategy that accounts for the unique and often complex business objectives associated with these non-traditional services. You will hear practitioner case studies from different spend categories. This material will help you be able to formulate a strategy for sourcing these non-traditional areas specific to your organization. There are varying factors to consider when developing the strategy - considering industry dynamics, key drivers, possible risks, and alignment with company objectives. This information will help you to recognize these key decision levers to create a successful procurement approach for your organization.
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Why Lorman?
Over 37 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.
Agenda
Non-Traditional Services Purchasing (NTSP)
- Definitions, Examples, Key Levers
- Preparing a Buy Strategy
- Establishing Bidding Framework
The Sourcing Process for NTSP
- Stakeholder Objectives
- Creating a Best Overall Strategic Value Model
- Analyzing Results
Benchmarking
- Case Studies and Research
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Why Lorman?
Over 37 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.
Credits
OnDemand Course
This course was last revised on August 8, 2019.
Call 1-866-352-9540 for further credit information.
- ISM 1.5
- Participants who successfully complete this program will receive 1.5 hours of continuing education. They may be applied toward ISM CPSM, CPSD or C.P.M. recertification. ISM's consent to approve hours for this educational event is not an endorsement of this program or its content by ISM.
This program does NOT qualify, nor meet the National Standard for NASBA accreditation.
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Why Lorman?
Over 37 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.
Faculty
Kevin Giblin
Chain IQ®
- Serves as the head of Americas Sourcing & Offshoring for Chain IQ®, an independent, global service company providing strategic, tactical and operational procurement for its clients
- Highly sought-after speaker on procurement best practices and thought leadership
- Ranked among the “Top 25 Procurement Thought Leaders” by Thinkers360
- Reengineered source-to-pay through lean agile project, resulting in measurable process improvements: faster speed to market (49% reduction in cycle time), and greater customer value (increased customer satisfaction 45% in six months)
- Overhauled travel program, setting sourcing strategy and authoring new policy for $50M spend
- Delivered savings of 20% on rental car spend, and $4M savings on preferred airlines and hotels program through strategic consolidation
- Drove market share to a select group of airlines and decreased average cost per ticket by 15%
- Provided sourcing leadership and governance on selection process for FAO, HRO, and ITO global partners (A/P, A/R, order-to-cash, RPO, HRMS, payroll, and information technology)
- Developed corporate responsibility and sustainability program, to drive shareholder value and cost reductions resulting in the 2011 Collaborate to Innovate award (IACCM)
- Can be contacted at 732-770-5083 or [email protected]
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Why Lorman?
Over 37 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.
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