Key Performance Indicators (KPIs) for Sourcing

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The Sourcing Certificate Course focuses on Key Performance Indicators (KPIs), critical metrics that measure the success of sourcing strategies in supply chain management. This course highlights the importance of data-driven decision-making and performance evaluation in procurement.

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About this course

In today's industry, there is a high demand for professionals who can effectively manage sourcing activities and understand KPIs. By mastering these skills, learners will be well-equipped to drive cost savings, improve supplier relationships, and reduce risks in their organizations. Through this course, learners will gain a solid understanding of essential KPIs such as cost savings, cycle time, quality, delivery, and fill rate. They will also learn how to use these KPIs to monitor and improve sourcing performance, making them more attractive candidates for career advancement in procurement and supply chain management.

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Course details

Understanding KPIs for Sourcing: Defining key performance indicators (KPIs) and their importance in sourcing
Setting up Sourcing KPIs: Identifying relevant KPIs and establishing a strong foundation
Quantitative Sourcing KPIs: Exploring metrics like spend under management, cost savings, and procurement cycle time
Qualitative Sourcing KPIs: Delving into supplier relationship quality, risk management, and sustainability
Sourcing Data Analysis: Interpreting data to optimize sourcing strategies and decision-making
Sourcing Tools & Technology: Utilizing advanced solutions to track and analyze KPIs
Continuous Improvement: Regularly reviewing and refining KPIs to maximize sourcing performance
Collaboration & Communication: Ensuring cross-functional alignment on KPIs and reporting structures
Balancing Short & Long-term Goals: Striking the right balance between immediate gains and long-term success

Career path

Entry requirements

  • Basic understanding of the subject matter
  • Proficiency in English language
  • Computer and internet access
  • Basic computer skills
  • Dedication to complete the course

No prior formal qualifications required. Course designed for accessibility.

Course status

This course provides practical knowledge and skills for professional development. It is:

  • Not accredited by a recognized body
  • Not regulated by an authorized institution
  • Complementary to formal qualifications

You'll receive a certificate of completion upon successfully finishing the course.

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Earn a career certificate

Sample Certificate Background
KEY PERFORMANCE INDICATORS (KPIS) FOR SOURCING
is awarded to
Learner Name
who has completed a programme at
London School of Planning and Management (LSPM)
Awarded on
05 May 2025
Blockchain Id: s-1-a-2-m-3-p-4-l-5-e
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