First step to becoming a sourcing specialist.

What differentiate a good buyer from an excellent buyer is the understanding of (and capability to drive) the basic sourcing process.

In the book "Profit from Procurement - Add 30% to your Bottom line by Breaking down silos", written by there founders of Efficio, the leading Procurement Management consultancy firm in the world, sourcing execution is the engine of a procurement department. Knowing how to successfully manage a sourcing event, including managing stakeholders is a key capability of a professional buyer. The learning objectives of this course is to create an understanding of a modern sourcing process and provide insight in the basic steps needed to conduct a successful sourcing event. This course is the first of three.

Course presentation

Course Level: 

Basic level course . Part 1 of a Three-Part Series. Approx: 15 -20 minutes.


Course Description:

This course is designed to empower procurement professionals with the skills needed to effectively manage sourcing events. Sourcing execution is often considered the driving force behind a successful procurement department, and this course focuses on developing a thorough understanding of a modern sourcing process, including stakeholder management, which is crucial for any professional buyer.


Learning Objectives:

  • Understand a modern sourcing process and conduct successful sourcing events: Learn the basic steps and strategies essential for executing effective sourcing events.
  • Master Stakeholder Management: Develop skills to manage and engage stakeholders effectively throughout the sourcing process.


Who Should Enroll:

This course is ideal for procurement professionals, buyers, and supply chain managers seeking to deepen their understanding of modern sourcing processes. It is also beneficial for those new to procurement or looking to transition into a tactical buyer role.


Why This Course:

Participating in this course will not only provide you with foundational knowledge but also prepare you for the next stages in our comprehensive three-part series on mastering procurement. You'll leave with actionable insights and techniques to significantly contribute to your organization's procurement success.

The Sourcing Process part 1 (of 3)

Curriculum

    1. The operative role need input from tactical role to create a PO.

    1. Download the Slides shown in the course

    2. Introducing the Sourcing Process.

    1. Introducing the 8 steps of a modern sourcing process.

    1. Questions to help you verify that you meet the Learning Objectives.

    1. Summery of the course

    2. Reflection after the course

    3. Blogposts

    4. Case Study: The Pricing Predicament

About this course

  • €20,00
  • 10 lessons
  • Basic course - Tactical buyer role
  • 15-20 min + reading
  • Quizz and Certificate

Instructor is Fredrik Axelsson

Senior instructor. Fredrik Axelsson

Meet Fredrik, a seasoned procurement professional from Gothenburg, Sweden, with a Master's in Economics from Gothenburg University and an Executive MBA from Stockholm Business School. With roles at LM Ericsson, Solectron Sweden AB, Axelson Purchasing Resources AB, Saab AB, and Alstom/GE, Fredrik has amassed expertise in sourcing and procurement. In 2017, he launched Sourcing Partner, a procurement consultancy firm how also own and manage Learn How to Source. Fredrik's diverse experience spans from Operative Buyer to Sourcing Director and roles like Commodity Manager and Business Development, in line organizations and projects, including industries like banking and manufacturing. Fredrik's story is one of continuous growth, learning, and adaptation, making him a well-rounded professional with a wealth of knowledge to offer.

Sourcing Process 2a - preparation.

Suggested Next Step

This is the second of three courses around the sourcing process. Building the baseline including team, schedule, detailed spend understanding, sourcing tactics, market characteristics and more are essential parts of preparing for RFQ send out. Thorough preparation build your negotiation power. Preparation build your BATNA (Best Alternative To a Negotiated Agreement) and knowing how to prepare a RFQ is the key skillset for a professional buyer.

Course included in following bundles

  • €180,00

    The sourcing engine room - a modern sourcing process

    If you're looking to improve your procurement skills and take your career to the next level, our online course on the sourcing process is just what you need! The sourcing process is critical for businesses of all sizes and industries, as it involves identifying, selecting, and managing suppliers to ensure that the organization has the right products and services at the right price and quality. Our online course will teach you the skills and strategies needed to excel in the sourcing process, from finding the best suppliers to negotiating contracts and managing risk. Our course is designed to be accessible and engaging, with interactive lessons that allow you to learn at your own pace and test your knowledge along the way. You'll have access to industry experts and real-world case studies that will help you understand the sourcing process in depth and apply your new knowledge to your own work. Whether you're a procurement professional looking to advance your career, a business owner looking to improve your sourcing processes, or a student interested in pursuing a career in procurement, our online course is perfect for you. You'll learn practical skills that will make you a more effective and efficient sourcer, and give you a competitive edge in today's fast-paced business world. Don't wait any longer to take your career to the next level. Sign up for our online course on the sourcing process today and start your journey towards procurement success!
    Buy Now
  • €350,00

    Sourcing basics - get started as Tactical buyer

    Are you looking to enhance your skills and expertise as a tactical buyer? Look no further! Our comprehensive online course covers all the essential knowledge and skills needed to excel in a tactical buyer role. Designed by industry experts, this course offers a perfect blend of theoretical knowledge and practical application, empowering you to thrive in the dynamic world of procurement. This course is perfect for any one in any type or size of organization who wants to learn more about how to contract material and services in a professional way. Some experience in operative procurement is recommended. It is ideal for operative buyers, general managers, small business owners, corporate procurement staff, sales teams, and anyone who wants better understand the activities driving sourcing and sourcing decisions. We understand that balancing work and personal commitments can be challenging. That's why our tactical buyer online course is designed to fit your schedule, with self-paced modules and 24/7 access to the learning platform. Study at your own pace and complete the course on your terms. Upon successful completion of the course, you'll receive a certification that demonstrates your expertise and commitment to professional development. Showcase your new skills on your resume and LinkedIn profile, and set yourself apart in the competitive job market. Don't miss out on this opportunity to elevate your tactical buyer skills and take your career to new heights. Enroll in our online course today and unlock the knowledge you need to succeed in the ever-evolving world of procurement. Invest in your future and become the tactical buyer every organization needs – your journey to success starts here!
    Buy Now

About Learn How to Source

Learn How to Source is an online platform based in Sweden, offering a range of procurement courses accessible globally. It serves as a community where procurement experts share their knowledge through online courses, designed for various experience levels from introductory to expert. Courses are concise, about 30 minutes each, and cover different aspects of procurement, tailored for different buyer roles. The courses focus on practical knowledge, presented by seasoned professionals, and include quizzes and certificates. They can be accessed from any device, emphasizing microlearning for flexibility and efficiency.