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Getting Started with Strategic Sourcing

Sourcing becomes a strategic advantage when requirements are clear and supplier selection is calculated. When it comes to sourcing, your organization must differentiate needs versus wants to be successful. This ISM VIrtual Learning sourcing course will show you how using a defined RFx strategy will give you an edge over the competition. In your role as a supply management professional, it is critical to have a plan to align specifications with supplier capabilities. Learn from your intructor how purchase timing can play a unique strategic role. This course will provide you with tools, templates and new sourcing skills to set the foundation for success and advancement in your career.

Member Price: $295.00

List Price: $395.00


Jun 17, 2021

Add To Calendar 6/17/2021 11:00:00 AM 6/17/2021 1:00:00 PM ET Getting Started with Strategic Sourcing Online


11 AM - 1 PM ET


Virtual Class
CEH Credits
Product Code

Additional Information


Rich Weissman, an experienced supply chain management practitioner and educator, works with businesses to build scalable and sustainable supply chain and customer service strategies. His focus includes sales and operations planning, strategic sourcing, process improvement, and sales and customer service management. Rich teaches operations and supply chain management, strategy and policy, small business management, leadership, marketing, negotiation, and managerial economics at the graduate and undergraduate levels, and writes and speaks extensively on issues impacting the global supply chain. Weissman earned an MS in Management from Lesley University and a BA in Economics from Rutgers University.


Course Objectives:

  1. Cycle of Sourcing:
    • Dive deep into the first part of the sourcing cycle to learn about recognition of need, specification of need, search strategies and analysis of supplier proposals.
  2. Recognize Needs:
    • Distinguish stakeholder needs versus wants to optimize the purchase.
  3. Specification Requirements:
    • Learn the three main types of a high-quality specification.
  4. Purchase Timing Options:
    • Identify and select an appropriate procurement strategy that considers when you need the sourced product or service.
  5. Potential Sources:
    • Gain insight into the various ways to discover sources and their capabilities.

Who should attend:

New procurement and supply management professionals, as well as more experienced professionals who want to refresh and update their skills. Also, any company employee who interacts with supply management and suppliers.

Terms And Conditions

Virtual Learning Transferals: Registrations are transferable without any charge to another ISM Virtual Learning Course occurring within 12 months of the original purchase. Transferring registrations to another party are subject to price variance or change based on membership status and an additional $50 fee will be incurred.

Cancellations Virtual Learning: Cancellations more than 5 weeks before the date of the course will incur an administrative charge of 50 percent. Cancellation within 5 weeks of the date of the event will be charged the full fee. You must notify ISM in writing of a cancellation.

Tax Deduction: The Internal Revenue Service may permit an income tax deduction to U.S. residents for expenses (including registration fees, travel costs, meals and lodging) incurred in pursuit of continuing professional education. Consult your tax adviser for details.

View full terms of service here.