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Implementing Strategic Purchasing Techniques

Understand the importance of implementing strategic purchasing and the numerous ways it can have a positive impact on your organization.

This topic will provide you a comprehensive understanding of the differences between tactical and strategic purchasing. You will be able to develop a road map that provides your organization with the ability to capitalize on the benefits derived from a strategic purchasing focus. You will hear practitioner case studies from different spend categories. This material will help you understand the importance of implementing strategic purchasing and the numerous ways it can have a positive effect for your team and 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 recognize these key decision levers to create a successful strategic purchasing approach for your organization.

Runtime: 89 minutes
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Why Lorman?

Over 33 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

Strategic Purchasing

  • Definition and Purpose
  • Techniques and Examples
  • Why Strategic Purchasing? What Are the Areas of Impact?

The Sourcing Process

  • How It Works
  • Steps Involved
  • Benefits

Benchmarking

  • Case Studies - Effectiveness
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More Program Information

Why Lorman?

Over 33 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 April 2, 2020.

Call 1-866-352-9540 for further credit information.

  • CPIM/CFPIM/CSCP 1.0
     
  • This program may qualify for 1.0 certification maintenance points toward the CSCP, CPIM and CLTD designations through The Association for Operations Management.
     
  • 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.

MP3 Download

This program does NOT qualify, nor meet the National Standard for NASBA accreditation.

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More Program Information

Why Lorman?

Over 33 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

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 33 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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Product ID: 407106
Published 2020
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