Strategic Sourcing and Prioritization
By External Provider
About this course
This course recommends a structured approach to market scanning, supplier prequalification, and analytical shortlisting that supports defensible sourcing decisions. You will progress from long-list generation through RFI-driven comparisons to weighted scoring and total-cost-of-ownership (TCO) evaluations. The curriculum combines quantitative approaches—such as weighted-score models and TCO construction—with practical selection workflows and documentation tactics that procurement teams use to convert market intelligence into shortlist recommendations. Focus areas include designing and executing market scans, conducting RFIs for comparative evaluation, applying scoring matrices that reflect organizational priorities, and performing TCO analyses to produce award recommendations that align cost, risk, and performance objectives.
What you will learn
- Apply a structured market-scan process to create a defensible long-list of potential suppliers.
- Use RFI methods to gather comparable supplier data for analytical evaluation.
- Build and apply a weighted-scoring model to rank and shortlist suppliers.
- Construct a TCO model to compare lifecycle costs and support an award recommendation.