Commodity Sourcing

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Commodity Sourcing

Commodity sourcing is the process of identifying, selecting, and procuring raw materials or goods needed for production or resale. It involves finding reliable suppliers, negotiating favorable terms, and ensuring quality standards while keeping costs low.

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Course Includes
Industry Case Studies & Best Practices
Hands-on Procurement Simulation

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Course Content

3 sections • 1 lectures •

	Definition and importance of commodity sourcing Understand what commodity sourcing is and why it is critical in business operations.		0:17min

Requirements

No Prior knowledge required

Description

Course Overview:

This course provides a comprehensive guide to commodity sourcing, equipping participants with the knowledge and skills to identify, evaluate, and manage suppliers effectively. Whether you're in manufacturing, retail, or trading, this course will help you optimize procurement strategies, reduce costs, and ensure supply chain efficiency.

Target Audience:

Procurement Officers
Supply Chain Managers
Business Owners
Commodity Traders
Entrepreneurs & Startups

Course Duration:

4 Weeks (Self-paced or Instructor-led)

Learning Objectives:

By the end of this course, participants will:
✅ Understand key principles of commodity sourcing and procurement.
✅ Learn how to conduct market research to identify supply trends.
✅ Develop strategies for evaluating and selecting reliable suppliers.
✅ Master negotiation tactics for cost-effective procurement.
✅ Gain insights into logistics, quality control, and supplier management.
✅ Optimize sourcing strategies for long-term business success.