Defining Sourcing Options

Evaluate and select the optimal sourcing strategy for different procurement categories and organisational needs.

What is this course about?

Not every procurement should be approached the same way. The sourcing strategy that works well for a critical, single-source technology contract will be entirely wrong for a commoditised, low-risk spend category – and applying the wrong approach wastes time, creates unnecessary risk and leaves value on the table.

This course teaches you how to evaluate and select the right sourcing strategy for different procurement categories and market conditions. It explores the full range of sourcing options – single versus multiple suppliers, framework agreements, consortia purchasing, insourcing versus outsourcing – and gives you the tools to match each approach to organisational needs and market realities. You will leave with a structured decision-making framework for defining the most appropriate sourcing approach in any procurement context.

This course is part of our full range of procurement training courses – explore the complete programme to find the right development for you and your team.

Who is this course for?

This course is designed for procurement professionals responsible for developing and implementing sourcing strategies. It is also suitable for:

Category managers and buyers who need to make evidence-based sourcing decisions
Procurement leaders who want a more consistent, structured approach to sourcing strategy across their team
Finance professionals who advise on or approve sourcing decisions and want a deeper understanding of the options
Anyone involved in procurement who wants to evaluate sourcing approaches more rigorously

What you'll gain from this course

By the end of this session, delegates will be able to:

Evaluate the advantages, risks and appropriate use cases for different sourcing strategies
Apply a structured framework to select the most appropriate sourcing approach for a given category
Assess make-or-buy decisions using a rigorous, evidence-based methodology
Evaluate single-source, multi-source, framework and consortium options against organisational requirements
Match sourcing strategies to supply market conditions and category risk profiles
Communicate sourcing strategy recommendations clearly to stakeholders and senior decision-makers

This course sits within our broader procurement training courses – browse the full range to build a complete development pathway for your organisation.
Remember, all sessions include:

4 weeks of follow-up email refreshers to further embed the learning
CPD points as an independently accredited Provider of Training Excellence

Course Reviews

The frameworks and tools have completely changed how we approach category management. We are already seeing better value and stronger supplier relationships.

Rachel, Procurement Manager, Birmingham

Outstanding course. The instructor's real-world examples and practical approach gave us confidence to identify and manage risks we had previously overlooked.

Tom, Contract Manager, Leeds

Why Choose Us?

Experienced procurement practitioners

All our procurement training courses are delivered by qualified procurement professionals who have held senior positions in procurement, contract management and commercial roles – people who have negotiated major contracts and delivered measurable savings.

Practical, not just procedural

We focus on what actually works in real procurement environments, not just theoretical best practice. Our courses provide practical tools, templates and techniques you can use immediately, alongside the judgement to know when to apply them.

Follow-up support

All sessions include 4 weeks of follow-up email refreshers to further embed the learning.

Trusted by industry experts

Book this course

Ready to define and select the right sourcing strategies with Finance Training Academy? We’re here to help you make smarter, better-evidenced sourcing decisions. Book this course today to get started.