Global Standard for Procurement and Supply

Current segment

Level: Professional

Theme: Sourcing

Segment 6.9 Developing Global Sourcing

Segment 6.9 Developing Global Sourcing

Knowledge: Will know and understand Capabilities: Will be able to

Creating competitive advantage such as reduced costs, improved quality, time to market and product and service differentiation through global sourcing and low cost country sourcing

Evaluate opportunities for global and low cost country sourcing to contribute to the creation of competitive advantage for the organisation

Identifying value added activities and the value chain in global sourcing through:

  • Reducing costs
  • Improved quality
  • Delivery reliability
  • Innovation
  • Sustainability

Analyse potential global supply chains to ensure that external organisations contribute added value

Assessing supply chain risks in global sourcing such as:  

  • country risk
  • STEEPLED factors
  • export and import controls and sanctions
  • bribery and corruption
  • fraud
  • counterfeiting
  • disruptive technologies
  • cyber attack

Monitor potential risks across global sources to develop and implement risk assessment and risk mitigation strategies for global sourcing, taking actions to exploit market opportunities

Positioning in local, regional and global supply chains

Create and implement plans to achieve any applicable requirements between local, regional and global sourcing taking into account stakeholder feedback

Sourcing decisions in supply chains and the sourcing of rare earth commodities and other bottleneck items

Develop appropriate sourcing strategies for categories of procurements including the mitigation of potential supply chain risks

The co-ordination of commitments with different suppliers to balance supply chain risks across the global supply chain

Establish plans that co-ordinate and share allocations of expenditures across different suppliers when relevant

Sustainability in global sourcing including fair pricing and payment terms and recognising relevant labour standards in global sourcing

Create and implement plans for the use of responsible procurement

Legal and regulatory requirements  for successful  International trading relationships

Advise colleagues and internal stakeholders of changes in international trading, legal issues and regulations

Standards that apply to human rights and ethical/responsible sourcing such as;

  • the United Nations (UN) Trafficking Protocol
  • the International Labour Organisation (ILO)
  • the Ethical Trading Initiative (ETI)
  • Social Accountability International Standard SA8000

Monitor compliance with human rights and ethical practices and standards taking appropriate actions in the event of any breaches

Knowledge: Will know and understand

Creating competitive advantage such as reduced costs, improved quality, time to market and product and service differentiation through global sourcing and low cost country sourcing

Capabilities: Will be able to

Evaluate opportunities for global and low cost country sourcing to contribute to the creation of competitive advantage for the organisation

Knowledge: Will know and understand

Identifying value added activities and the value chain in global sourcing through:

  • Reducing costs
  • Improved quality
  • Delivery reliability
  • Innovation
  • Sustainability
Capabilities: Will be able to

Analyse potential global supply chains to ensure that external organisations contribute added value

Knowledge: Will know and understand

Assessing supply chain risks in global sourcing such as:  

  • country risk
  • STEEPLED factors
  • export and import controls and sanctions
  • bribery and corruption
  • fraud
  • counterfeiting
  • disruptive technologies
  • cyber attack
Capabilities: Will be able to

Monitor potential risks across global sources to develop and implement risk assessment and risk mitigation strategies for global sourcing, taking actions to exploit market opportunities

Knowledge: Will know and understand

Positioning in local, regional and global supply chains

Capabilities: Will be able to

Create and implement plans to achieve any applicable requirements between local, regional and global sourcing taking into account stakeholder feedback

Knowledge: Will know and understand

Sourcing decisions in supply chains and the sourcing of rare earth commodities and other bottleneck items

Capabilities: Will be able to

Develop appropriate sourcing strategies for categories of procurements including the mitigation of potential supply chain risks

Knowledge: Will know and understand

The co-ordination of commitments with different suppliers to balance supply chain risks across the global supply chain

Capabilities: Will be able to

Establish plans that co-ordinate and share allocations of expenditures across different suppliers when relevant

Knowledge: Will know and understand

Sustainability in global sourcing including fair pricing and payment terms and recognising relevant labour standards in global sourcing

Capabilities: Will be able to

Create and implement plans for the use of responsible procurement

Knowledge: Will know and understand

Legal and regulatory requirements  for successful  International trading relationships

Capabilities: Will be able to

Advise colleagues and internal stakeholders of changes in international trading, legal issues and regulations

Knowledge: Will know and understand

Standards that apply to human rights and ethical/responsible sourcing such as;

  • the United Nations (UN) Trafficking Protocol
  • the International Labour Organisation (ILO)
  • the Ethical Trading Initiative (ETI)
  • Social Accountability International Standard SA8000
Capabilities: Will be able to

Monitor compliance with human rights and ethical practices and standards taking appropriate actions in the event of any breaches

This segment was last updated on: 3rd April 2017

The Global Standard for Procurement and Supply structure

Released in 2014 the Standard is a competency framework of procurement and supply skills, knowledge and capabilities that can be used by individuals and organisations to identity training and professional development needs at varying levels of competency.

The Global Standard for Procurement and Supply structure
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