Strategic Sourcing Seminar + Workshop 2015

Theme: Unlocking Value Through Strategic Sourcing & TCO

Bespoke, in proud partnership with the Chartered Institute of Procurement and Supply Africa (CIPS), presents the prestigious 2nd Annual Strategic Sourcing Seminar + Workshop 2015 scheduled to take place on 26 and 27 May 2015 in Midrand, Johannesburg.

Strategic Sourcing is the process of identifying, evaluating, negotiating and implementing the optimal mix of goods and services that best support the objectives of the business. Strategic Sourcing should aim to standardise the sourcing process within in an organization, place more spend under the prudent eye of procurement and ensure that savings opportunities are properly realised, implemented and reported on.

Total Cost of Ownership (TCO) is an estimate of the total costs of goods, services or construction works over the whole of their life. It is the combination of the purchase price plus all other costs incurred, less any income received. Part of good procurement is achieving the right price. Best value for money is the lowest life cycle cost. This involves identifying the initial purchase price and estimating all future costs and returns and determining the optimum procurement process to follow.

The most successful companies no longer rely exclusively on traditional competitive bidding to procure their strategic materials. By employing leading practices and strategic thinking in sourcing activities and supply network design, procurement and sourcing managers are able to gain stakeholder support for their sourcing activities and add maximum value to their organization.

During this one-day seminar and one day workshop you will hear from expert speakers and leading companies, sharing up-to-date knowledge and in-depth practical tips about Strategic Sourcing, Category Management and Total Cost of Ownership.

Seminar Day 1: Unlocking Value Through Strategic Sourcing & TCO

Topics in Focus

Positioning Enterprise Development in Long Term, Strategic Sourcing Activities
Analysing Spend & Applying Commodity Sourcing Strategies
Moving beyond Tactical Sourcing to True Strategic Planning
Using SRM to Close the Sourcing Gap with Suppliers
Re-Branding Procurement from "Cost Saver" to "Strategic Partner"
Engaging & Managing Stakeholders - a key Strategic Sourcing skill
Impact of Economic Transformation on TCO - Opportunities & Threats

Workshop Day 2: Enhancing Strategic Sourcing using TCO methodology

By attending this workshop you will discover how to enhance your Strategic Sourcing initiatives by applying Total Cost of Ownership methodologies, with the aim of effective quantification and measurement of costs and savings.

Specific areas of attention during this workshop include: TCO concepts & principles, understanding key issues that affect TCO, establishing the various cost elements and cost drivers, building a TCO-model based business case, practical TCO model applications, other applications of TCO (developing RFI/RFP and negotiation strategies based on TCO model), application of selected TCO methodologies in a case study.

Date: 26 May 2015 to 27 May 2015
Time: 08:00 - 16:30
Venue: Premier Hotel Midrand, Johannesburg
Cost: POA