Global Certificate in Sourcing: Driving New Product Development

Name: Global Certificate in Sourcing: Driving New Product Development
Price: 140 GBP
Availability: InStock

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The Global Certificate in Sourcing: Driving New Product Development is a comprehensive course designed to equip learners with essential skills for successful product development and supply chain management. This certification focuses on the importance of strategic sourcing, innovation, and cost management in today's rapidly changing global market.

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AboutThisCourse

With increasing industry demand for professionals who can effectively manage new product development, this course offers a unique opportunity to stay ahead of the competition. Learners will gain hands-on experience in identifying potential suppliers, evaluating their capabilities, and negotiating contracts. They will also master techniques to streamline procurement processes, minimize risks, and foster strong relationships with suppliers. By completing this course, learners will not only enhance their industry expertise but also develop a strong understanding of the latest trends and best practices in global sourcing. This certification will serve as a powerful tool for career advancement, providing learners with a distinct competitive edge in the job market.

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CourseDetails

• New Product Development (NPD): Understanding the NPD process, including opportunity identification, concept generation, product design and development, and launch planning.
• Global Sourcing Strategy: Developing a global sourcing strategy to support NPD, including supplier selection, evaluation, and management. Understanding the impact of globalization on product development and supply chain management.
• Innovation Management: Managing the innovation process in a global context, including ideation, prototyping, and commercialization. Understanding the role of intellectual property protection in NPD.
• Supplier Relationship Management: Building and managing effective supplier relationships to support NPD, including communication, collaboration, and risk management. Understanding the cultural and logistical challenges of working with global suppliers.
• Global Quality Standards: Understanding and applying global quality standards to NPD, including ISO, Six Sigma, and Lean. Ensuring compliance with regulatory requirements in different regions.
• Cost Management: Managing costs in a global NPD project, including material costs, labor costs, and logistics costs. Understanding the impact of currency fluctuations and tariffs on product costs.
• Sustainable Sourcing: Incorporating sustainability principles into NPD and global sourcing strategy, including reducing carbon footprint, minimizing waste, and promoting ethical labor practices. Understanding the role of circular economy in NPD.
• Project Management: Applying project management principles to NPD in a global context, including planning, execution, monitoring, and control. Understanding the role of virtual teams and cross-functional collaboration in NPD.

CareerPath

In the ever-evolving world of global product development, sourcing professionals play a crucial role in driving success. This 3D pie chart, featuring the latest data from the UK job market, highlights the growing demand for specialized sourcing skills. Product developers take the lead with 45% of the market share, emphasizing the need for professionals who can effectively manage the entire development process. Sourcing specialists follow closely with 30% of the market, demonstrating the value of expertise in finding and evaluating suppliers. Supply chain analysts and procurement managers make up the remaining 25%, with each role providing unique value to the product development lifecycle. Staying up-to-date with these job market trends will help you make informed career decisions and remain competitive in the global sourcing landscape.

EntryRequirements

BasicUnderstandingSubject
ProficiencyEnglish
ComputerInternetAccess
BasicComputerSkills
DedicationCompleteCourse

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FastTrack GBP £140

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AcceleratedLearningPath

ThreeFourHoursPerWeek
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StandardMode GBP £90

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FlexibleLearningPace

TwoThreeHoursPerWeek
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GLOBAL CERTIFICATE IN SOURCING: DRIVING NEW PRODUCT DEVELOPMENT

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London School of International Business (LSIB)

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05 May 2025

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