Innovations Roadmap: Development – Sourcing

Sourcing and the supply chain are critical to remaining profitable and understanding the financial importance of sound sourcing strategy can make a significant impact on the bottom line. Responsible sourcing should be a significant consideration for every company. This is true for everything from raw production materials to packaging to partnerships.  Responsible sourcing can have a variety of meanings. It incorporates elements of sustainability (development which meets the needs of the current generation without compromising the ability of future generations to meet their own needs) but can also involve fair trade, labour relations and other elements that may vary from industry to industry.

The Innovations Roadmap is an online program designed to equip senior management executives with the inspiration and skills needed for the successful adoption of innovation. There are 29 modules divided into 3 sections: Front-End, Development, and Commercialization.

Here you gain access to one of the ten modules included in Section Two: Development – Click Here for the Full Innovations Roadmap

Section Two: Development – Module Eight – Sourcing Includes:

Learning Objectives

• Understand the role of Sourcing in an innovation process
• Be able to develop a Sourcing plan for an innovation initiative
• Understand the basic themes and processes involved in managing Sourcing for an innovation initiative
• Know the best strategies for managing Sourcing

Course Outline & Major Topics

• Introduction
  • Why Sourcing is important
  • Why do you need a plan to manage your logistics plan
• Get Started
  • The Supply Chain
  • Logistics Management
  • Strategic, Tactical and Operational Levels
  • Third Party Outsourcing
• Learn
  • Channel Design Decisions
  • Increasing importance of logistics
  • Manufacturer-Retailer/Distributor preferences
• Practice
  • Fundamentals of lean logistics planning
  • Transportation of fresh produce
• Apply
  • Logistics for a new product sample
  • Worksheet Template

Who Should Take This Course?

• Innovators
• Team Members & Leaders
• Small Business Owners

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