Strategic sourcing and procurement play a critical role in strengthening an organization’s competitive position, agility, and operational efficiency, especially in a disruptive world. Recent VUCA (volatile, uncertain, complex, and ambiguous) events have cast a spotlight on how sourcing and procurement strategies are essential to address opportunities and threats in the external environment and ensure value creation in an organization.
This course will equip participants with the ability to identify, map out and address their organization’s procurement objectives and strategies, evaluation and selection processes, and sourcing management (including global sourcing), to align with their organization’s business and corporate strategies. This will enable participants to gain a broader appreciation of the strategic role sourcing and procurement plays in the evolving supply chain and how it helps to safeguard business continuity.
This course is part of:
- Graduate Certificate in Supply Chain Engineering
- FlexiMasters in Supply Chain Engineering
By the end of this course, participants will be able to:
• Identify and address the bottlenecks and critical gaps in procurement strategies and processes, to create value and improve their organization’s agility and continuity.
• Develop and recommend contextualized strategies and techniques to select and evaluate suppliers, aligned with the organization’s business strategies.
• Create and apply best practices to enhance an organization’s strategic capabilities and competitive advantages in strategic sourcing and procurement.
1. Strategic Alignment of Procurement
VUCA (volatile, uncertain, complex, ambiguous) framework, PESTEL (political, economic, socio-cultural, technological, environmental, legal) framework, Porter’s 5 forces, Strategic Capabilities and VRIO (valuable, rare, inimitable, organizational support) framework, and corporate and business level strategies.
2. Objectives and Processes of Procurement
Objectives of procurement, P2P (procure-to-pay) process, and factors affecting purchase situations and purchase decisions.
3. Procurement and Sourcing Strategies
Kraljic’s Portfolio Matrix (category management) and sourcing strategies.
4. Global Sourcing, Challenges and Risks
Global sourcing, challenges, risks, and mitigation
Working adults from the industry, professionals seeking mid-career change or fresh graduates with relevant background.
Standard Course Fee: S$2,592
SSG Funding Support
Course fee payable after SSG funding, if eligible under various schemes
Fee BEFORE funding & GST
Fee AFTER funding & 8% GST
Singapore Citizens (SCs) and Permanent Residents (PRs) (Up to 70% funding)
Enhanced Training Support for SMEs (ETSS)
SCs aged ≥ 40 years old
NTU/NIE alumni may utilise their $1,600 Alumni Course Credits. Click here for more information.
Ms Jeanette Ng
Jeanette Ng is a course developer, coordinator and instructor of online, hybrid and face-to-face courses related to business, strategy and logistics for undergraduate, postgraduate and senior executive development programmes for MNCs within the region. She is a Certified Specialist and Expert in Digital Teaching and Learning under Blackboard Academy™ and holds seven digital teaching certifications under Quality Matters™.
She is the recipient of six teaching awards and six commendation letters for teaching excellence and a designated Specialist Adult Educator (Facilitation) under Institute of Adult Learning. Her former roles include being the global head of strategy and the director of corporate development. She is currently serving as a mentor under Workforce Singapore’s Career Conversion Programme for mid-career professionals.
|COURSE TITLE||ACADEMIC UNIT|
|CET857 Warehousing Operations||1|
|CET858 Global Air Cargo||1|
|CET859 Multi-modal Transport and Sea Freight Management||1|
|CET860 Decision Making under Uncertainty||1|
|CET861 Optimization of Supply and Transportation Networks||1|
|CET862 Decision Analytics and Applications||1|
|CET863 Sales and Operations Planning||1|
|CET864 Resource and Capacity Planning||2|
|CET865 Introduction to Supply Chain Management||1|
|CET866 Supply Network Design & Inventory Management||1|
|CET867 Advanced Topics in Supply Chain Management||1|
|CET869 Effective Supplier Management & Development||1|
Listed courses are:
- Credit-bearing and stackable to Graduate Certificate in Supply Chain Engineering (total 9AUs) and FlexiMasters in Supply Chain Engineering (total 15AUs).
- SkillsFuture Credit approved.