Advanced concepts and techniques in E-Sourcing

Trainer:
Procurement League
Publish Date:
09-08-2021
Number of people purchased:
25

Requirements

  • Shankar has over two decades of professional experience, majorly focused on delivering Sourcing SaaS solutions to customers. Shankar has always been passionate about eSourcing. He has managed eSourcing programs for some of the best-managed companies in Asia. He now wishes to share his knowledge of best practices with the sourcing community.
  • July 2018 - Present - Formed Krinati Solutions in July 2018 to address ‘unmet’ eSourcing needs of the Asian market
  • 2015-2017 - Coupa Inc, Country Head – India
  • 2004-2015 - Ariba (now SAP Ariba) - Headed the Partner Ecosystem for SAP Ariba across the Asia Pacific & Japan region
  • 2000-2004 - Management Consultant at Siemens Information Systems Limited, trained on TOC

Course Description

Description
eSourcing is adopted as a Procurement best practice globally by several companies, irrespective of size, industry, or geography.
It allows for above-average cost savings and faster cycle times, in addition to a standardized vendor management process. However, not all companies are successful with the use of eSourcing. The problem lies in the approach and a lack of understanding of how online auctions should be utilized as a Procurement best practice. How are the categories identified, the limitations of online auctions, and how should suppliers be managed?
In this class, we accomplish learning about online auctions & setting the Right KPIs for complex negotiation and RFXs

  • Understand various online auction terms - Lots & Line Items, Ceiling Price, Bid Decrement, Dutch Auctions, etc. - their definitions and use cases
  • How to strategize & execute a successful online auction?
  • Learn the best practices in managing suppliers to maximize their participation.
  • Define savings accurately. Understand the need to ensure savings hit the bottom line.
  • Establish a successful program management structure – define goals & KPIs. (this closing session is usually participated by department heads, CFOs, and CEOs).

Downloadable Support files.

Advance Concepts and technique in E-sourcing.pdf

Resources

  • 0 Chapter
  • 1 Lecture

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Course Reviews

Procure Class is one of the best platforms to enhance your professional knowledge. I have come across several new ideas, tricks, and techniques after attending Procure Online classes. They have professional Mentors from across the globe, which is another way to know what is going on worldwide in Procurement. Will be waiting for more such classes. Thank you!

Confidential Reviewer
Superb

Jagadish Venkatesh
Each and every class is filled with knowledge and best of information and experiences.

Confidential Reviewer
Procure Class is one of the best platforms to enhance your professional knowledge. I have come across several new ideas, tricks, and techniques after attending Procure Online classes. They have professional Mentors from across the globe, which is another way to know what is going on worldwide in Procurement. Will be waiting for more such classes. Thank you!

Confidential Reviewer
Superb

Jagadish Venkatesh
Each and every class is filled with knowledge and best of information and experiences.

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Training Modules

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