In today's fiercely competitive business environment, mastering strategic sourcing and procurement is essential for businesses to thrive. 

At IIPD Global, we recognize the pivotal role that strategic sourcing and procurement play in the success of enterprises in Riyadh, KSA. Our comprehensive course is meticulously designed to equip professionals with the expertise and knowledge required to excel in these critical areas.

Course Highlights:

• Supply Market Analysis: Master the art of analyzing the supply market, a key first step to successful sourcing and negotiation.
• Competitive Advantage: Develop the skills to identify and leverage industry data, understand cost structures, and evaluate key players to gain a competitive edge.
• Expert Negotiation Techniques: Learn proven negotiation strategies to secure the best possible deals for your business.
• Strategic Sourcing Best Practices: Discover and implement effective sourcing methods for optimal results.

Who Should Attend?

This course is designed for professionals in Riyadh involved in procurement and sourcing, including:

• Procurement Managers
• Purchasing Agents
• Supply Chain Specialists
• Anyone looking to improve their sourcing and negotiation skills

Course outlines

Get ready to dive deep into it!  This comprehensive course outline gives you a sneak peek at everything you'll learn.

The strategic importance of Sourcing

• Supplier Relationship management
• Supplier Portfolio Management
• Supplier Partnership
• Procurement and Supplier Contracting
• Types of Contracts

Supply Market Overview

• Identify key objectives
• Obtain industry data
• Identify industry codes
• Understand the industry cost structure
• Identify key players
• Obtain company information 

Evaluation of Major Players

• Types of analysis for financial health
• Reading financial statements
• Ratio analysis
• Trend analysis
• Overall financial health evaluation
• SWOT analysis  

Evaluation of Industry Trends and Forces

• Using indices
• Analyzing price drivers
• Market Meter
• Market Force Analysis (MFA)
• Country risk analysis  
• Presentation of Analysis report

Price and Cost Analysis

• Differences in applying Price and Cost Analysis
• Techniques of Price Analysis
• Methods of Cost Analysis
• The Total Cost of Ownership Concept
• Case study on TCO analysis 

Conclusion

IIPD Global's Strategic Sourcing & Procurement Course equips you with the skills and expertise to navigate the competitive sourcing landscape in Riyadh.  This intensive program provides a comprehensive understanding of key concepts and practical techniques, empowering you to make informed decisions, negotiate effectively, and drive significant cost savings for your organization.

By enrolling in this course, you'll gain the knowledge and tools to optimize your sourcing strategies, secure better deals, and significantly reduce costs for your Riyadh-based business.