World-class performance is the objective of every supply management organization. This program explores vital concepts forming the basis of strategic supply management. It moves today’s procurement organization from its typical tactical focus to the strategic focus needed to implement the processes and methods to reach world-class performance successfully.
• Managers and Professionals in Purchasing, Procurement, and Supply Management
• Materials, Contracts, Projects, Maintenance, Operations, and Financial Managers and,
• All other Managers and Professionals interested in lowering total cost and increasing productivity and profit contributions from better supply management operations.
Participants will gain from a combination of instructional methods, including lectures by an experienced practitioner and consultant, exercises, group discussions covering current practices and their relationship to the implementation of concepts and techniques discussed.
The organization will benefit by:
Attendees will gain by participation in this program as a result of:
Session 1: Setting World-Class Expectations
As most professionals in Supply Management are aware, procurement operations can range from simple tactical support competencies to world-class expertise.
Session 2: Spend Analysis
An essential process to reduce total costs and improve operational performance in Supply Management is aggregating, classifying, and leveraging spend data.
Session 3: Segmentation of the Spend
It has long been considered that a best practice in sourcing is to classify suppliers (or materials and services) into meaningful categories based on their sourcing risk and the impact on the organization if procurement needs are not met when required.
Session 4: Increasing Supply Management Skill Sets
It is the responsibility of professionals in supply management to ensure a fair and reasonable price in accordance with procurement best practices.
Session 5: Total Cost of Ownership and Strategic Sourcing Plans
An often cited best practice in supply management is the development of formal short and long-range Strategic Sourcing Plans for spending categories.