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Course Overview

Global supply chains face increasing risks, from geopolitical tensions and trade restrictions to natural disasters and market volatility. Overdependence on limited suppliers or regions exposes organizations to severe vulnerabilities. Diversification in procurement and supplier networks has become a critical strategy for reducing risks, strengthening resilience, and ensuring business continuity.

This Diversification Strategies in Procurement & Supplier Networks Training Course provides participants with tools to evaluate supply risks, design diversification frameworks, and manage multiple suppliers effectively. Through case studies, simulations, and practical workshops, participants will learn how to balance cost efficiency with resilience, ensuring procurement delivers both value and security.

By the end of the course, participants will be able to design and implement diversification strategies that optimize sourcing decisions, enhance flexibility, and safeguard supply continuity.

Course Benefits

• Reduce risks through supplier diversification.

• Strengthen resilience of procurement operations.

• Optimize sourcing decisions across global networks.

• Enhance flexibility in responding to disruptions.

• Balance efficiency, cost, and resilience objectives.

Course Objectives

• Define diversification strategies in procurement and supplier networks.

• Conduct risk assessments to identify vulnerabilities.

• Apply tools for supplier segmentation and selection.

• Develop regional and multi-supplier sourcing models.

• Manage supplier relationships in diversified networks.

• Integrate resilience into procurement strategy.

• Build frameworks for sustainable diversification.

Training Methodology

The course uses expert-led lectures, procurement simulations, supplier diversification case studies, and group strategy workshops. Participants will develop practical frameworks to apply in their organizations.

Target Audience

• Procurement and sourcing professionals.

• Supplier relationship managers.

• Supply chain and risk management officers.

• Executives responsible for procurement strategy.

Target Competencies

• Supplier diversification strategy.

• Risk and resilience management.

• Multi-supplier relationship management.

• Strategic sourcing and optimization.

Course Outline

Unit 1: The Case for Diversification in Procurement

• Risks of overdependence on single suppliers.

• Global disruptions and lessons learned.

• Balancing efficiency with resilience.

• Case studies of supply chain failures and successes.

Unit 2: Assessing Risks in Supplier Networks

• Tools for risk identification and assessment.

• Mapping vulnerabilities in supplier networks.

• Financial, geopolitical, and operational risks.

• Practical exercise: supplier risk heat map.

Unit 3: Designing Diversification Frameworks

• Principles of supplier diversification.

• Regional sourcing strategies.

• Dual and multi-supplier models.

• Trade-offs between cost, quality, and resilience.

Unit 4: Supplier Segmentation and Selection

• Criteria for supplier selection in diversification.

• Supplier capability and performance evaluation.

• Balancing global vs. local supplier mix.

• Workshop: supplier portfolio design.

Unit 5: Implementing Diversification Strategies

• Steps for rolling out diversification initiatives.

• Integrating diversification into procurement policies.

• Technology tools for supplier management.

• Change management in procurement operations.

Unit 6: Managing Multi-Supplier Relationships

• Building collaborative partnerships across suppliers.

• Ensuring performance consistency in diverse networks.

• Conflict resolution in multi-supplier environments.

• Case study: managing regional supplier ecosystems.

Unit 7: Sustaining Diversification and Resilience

• Monitoring and reviewing supplier diversification performance.

• Embedding resilience into long-term procurement strategy.

• Continuous improvement and future-proofing networks.

• Personal action plan for diversification leadership.

Ready to build resilient and future-ready supply chains?
Join the Diversification Strategies in Procurement & Supplier Networks Training Course with EuroQuest International Training and strengthen your organization’s procurement resilience.