Course description - This module builds upon the Introduction to Global Sourcing module by providing Strategic Sourcing and Supply Management professionals with a global sourcing process and tools to guide a global sourcing initiative.

ISM-ADR School of Supply Management credit of Continuing Education Hours – 2 hours.
This course should take approximately 120 minutes to complete.

Intended audience - Supply Management team professionals with category sourcing responsibilities who could benefit from a global sourcing process and sourcing tools.

Learning objectives - After completing this module, you will be able to:

• Apply a standard five-phase sourcing process adapted to the unique issues of global sourcing

• Adapt six key sourcing activities to global sourcing
• Identify business needs and opportunities
• Select an appropriate product or service for global sourcing
• Select global sourcing approach
• Identify potential global suppliers
• Evaluate suppliers
• Negotiate and reach agreement

Course outline:

• Global sourcing step-by-step approach
• 5-phase sourcing process

• Global sourcing activities
• Identify business needs and opportunities
• Determine the product/service to be sourced
• Determine the sourcing approach
• Search for and identify potential global suppliers
• Evaluate suppliers
• Negotiate and formalize agreements

• Global sourcing analysis
• When is global sourcing appropriate?
• Market Portfolio Analysis Model
• The PACE Model
• Porter 5-Forces Model

• Global sourcing example – Big Resorts & Hotels
• 20 Question Quiz