Cost Reduction, Risk Mitigation, Souring Strategy and AI
What you'll learn
Learn Strategic Sourcing, Procurement 101
Learn to Manage and Negotiate Contracts, Suppliers and Stakeholders
Create a strategy to create cost savings, reduce risk
Learn to apply Gen AI to your Sourcing Plan
Requirements
No experience necessary, I teach all concept in simple terms with a linear course starting at the ground level.
Description
Instructor Chris Roy, MBA, with two decades in Sourcing & Procurement, will serve as the expert guide throughout this comprehensive course. Students will gain invaluable insights into the intricacies of the Strategic Sourcing and Procurement process, focusing on the entire Procure-to-Pay process with a goal of providing cost savings, mitigating risk & Streamlining contract negotiations.This course offers a deep dive into various critical aspects of Procurement and Strategic Sourcing Strategy. Students will learn how to navigate the complexities of contract negotiations and discover techniques to managing strategic sourcing Projects.Student gain a sneak peek into using Microsoft Application and AI tools to automate Procurement activities. Students will discover how automation and strategic sourcing can lead to substantial cost savings, mitigate risks, and create new opportunities for their organization. Instructor Chris Roy, MBA, with two decades in Sourcing & Procurement, will serve as the expert guide throughout this comprehensive course. Students will gain invaluable insights into the intricacies of the Sourcing and Procurement process, focusing on the entire Procure-to-Pay process with a goal of providing cost savings, mitigating risk & Streamlining contract negotiations.This course offers a deep dive into various critical aspects of Procurement and Strategic Sourcing Strategy. Students will learn how to navigate the complexities of contract negotiations and discover techniques to managing strategic sourcing Projects.Student gain a sneak peek into using Microsoft Application and AI tools to automate Procurement activities. Students will discover how automation and strategic sourcing can lead to substantial cost savings, mitigate risks, and create new opportunities for their organization.
Overview
Section 1: Introduction
Lecture 1 Introduction, Instructor Chris Roy
Lecture 2 Sourcing vs Purchasing
Lecture 3 Requirements - The Banana Demo
Lecture 4 Maximize Buying Power - The Banana Demo Cont.
Lecture 5 Forecast & Budgeting - The Banana Demo Cont.
Lecture 6 Solicitation & Contracting
Lecture 7 Needs Assessment
Lecture 8 Common Supplier Types & Terminology
Lecture 9 Sole vs Single Source Supplier
Lecture 10 Introduction to RFX- Requesting Information
Lecture 11 Introduction to RFX - Requesting Proposals
Lecture 12 Introduction to RFX - Requesting Quotes
Section 2: Contracts & Negotiations
Lecture 13 Common Contract Hierarchy
Lecture 14 Non-Disclosure Agreements
Lecture 15 Master Contracts & Statements of Work
Lecture 16 Change Orders & Amendments
Lecture 17 Termination Rights
Lecture 18 Renewal & In-Term Rights
Lecture 19 Concession Strategy
Lecture 20 Discount & Tiered Pricing Models
Lecture 21 Evaluating Multi Year Discounts
Section 3: Project Management & Business Applications
Lecture 22 Internal Team Building
Lecture 23 Approvals & RACI Matrix
Lecture 24 Building a Requisition Form & Management system
Lecture 25 Blueprint for Automated Reporting Concepts
Section 4: Using AI in Supply Chain (Live Use Case)
Lecture 26 Webinar ChatGPT for Procurement
Anyone interested in Procurement, Strategic Sourcing & Supply Chain. Anyone looking for an edge to obtain employment or if you are an employer this course can provide tips to reduce cost and risk in your supply chain.
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