Course description - This introductory module is designed to help Strategic Sourcing and Supply Management professionals understand the concepts of global sourcing and associated risks and opportunities.

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 seeking a better understanding of global sourcing concepts , risks/opportunities, and whether appropriate for a particular category of spend.

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

• Explain the concepts of Global Sourcing
• List Global Sourcing competency levels for buyers and suppliers
• Identify motivations for Global Sourcing
• Explain the challenges associated with Global Sourcing
• Identify both risks and risk management strategies associated with Global Sourcing
• Explain total cost of ownership and Global Sourcing cost drivers

Course outline:

• Introduction to Global Sourcing

• Global Sourcing competency
• Buyer focus
• A core competency for many companies
• Supplier competency in Global Sourcing

• Motivations for Global Sourcing
• Motivations for engaging in Global Sourcing
• The allure of Global Sourcing

• Challenges associated with Global Sourcing
• Micro challenges
• Macro challenges

• Risks and complexities
• Risks and complexities of an extended global supply chain
• The evolving global supply market
• Actions to control and mitigate risks

• Global Sourcing Total Cost of Ownership and cost drivers
• 20 Question Quiz