This topic will provide you a comprehensive understanding of the differences between traditional purchasing and non-traditional services purchasing.
You will be able to define a comprehensive sourcing strategy that accounts for the unique and often complex business objectives associated with these non-traditional services. You will hear practitioner case studies from different spend categories. This material will help you be able to formulate a strategy for sourcing these non-traditional areas specific to your organization. There are varying factors to consider when developing the strategy - considering industry dynamics, key drivers, possible risks, and alignment with company objectives. This information will help you to recognize these key decision levers to create a successful procurement approach for your organization.
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Why Lorman?
Over 37 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.
Agenda
Non-Traditional Services Purchasing (NTSP)
- Definitions, Examples, Key Levers
- Preparing a Buy Strategy
- Establishing Bidding Framework
The Sourcing Process for NTSP
- Stakeholder Objectives
- Creating a Best Overall Strategic Value Model
- Analyzing Results
Benchmarking
- Case Studies and Research
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Why Lorman?
Over 37 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.
Credits
OnDemand Course
This course was last revised on August 8, 2019.
Call 1-866-352-9540 for further credit information.
This program does NOT qualify, nor meet the National Standard for NASBA accreditation.
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Why Lorman?
Over 37 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.
Faculty
Kevin Giblin
Chain IQ®
- Serves as the head of Americas Sourcing & Offshoring for Chain IQ®, an independent, global service company providing strategic, tactical and operational procurement for its clients
- Highly sought-after speaker on procurement best practices and thought leadership
- Ranked among the “Top 25 Procurement Thought Leaders” by Thinkers360
- Reengineered source-to-pay through lean agile project, resulting in measurable process improvements: faster speed to market (49% reduction in cycle time), and greater customer value (increased customer satisfaction 45% in six months)
- Overhauled travel program, setting sourcing strategy and authoring new policy for $50M spend
- Delivered savings of 20% on rental car spend, and $4M savings on preferred airlines and hotels program through strategic consolidation
- Drove market share to a select group of airlines and decreased average cost per ticket by 15%
- Provided sourcing leadership and governance on selection process for FAO, HRO, and ITO global partners (A/P, A/R, order-to-cash, RPO, HRMS, payroll, and information technology)
- Developed corporate responsibility and sustainability program, to drive shareholder value and cost reductions resulting in the 2011 Collaborate to Innovate award (IACCM)
- Can be contacted at 732-770-5083 or [email protected]
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Why Lorman?
Over 37 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.
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