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Demand & Supply Chain Management Evolution


     
Course Detail

Developing Excellence in Strategic Supply Management and Procurement

 
 
 

Education Center: ISM - Institute for Supply Management
Date: 29 October 2019
City: Chicago, IL



Duration: 2 days
 

The development and implementation of carefully crafted strategies for the acquisition of all goods, equipment, materials, and services have become a critical issue in all organizations wishing to reduce operating cost while improving quality and productivity.  This program explores key concepts forming the basis of strategic supply management and moves today’s supply management organization from its typical tactical focus to the strategic focus needed to successfully implement the processes and methods needed to reach world-class performance.

This meeting will run from 8:30AM until 4:30pm daily.

Who should attend

  • Managers and Professionals in Supply Management and Procurement
  • 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.

You will learn

  • 4 Stages to World Class Supply Management
  • Many increased skill sets in supply management
  • 3 Categories for organizing the Spend Profile
  • Greater abilities in leading continuous improvement programs
  • Ways in dealing with economic uncertainties
  • How to develop a “Hierarchical Purchasing Coding System”
  • 6 Steps in the development of a Composite Purchase Price Index
  • How to get more time to work on strategic issues
  • 30 Categories that should be included in a Purchased Materials/Services Strategic Plan Outline

You will earn 14 CE hours.

Course Outline

  • Stages to world-class supply management, change and becoming more strategic, supply management impact on the bottom line,
  • Supply management skill sets, examples of job descriptions for supply management, defining the supply management mission and vision
  • Developing the spend profile, creating time to be strategic, the ABC (Pareto) analysis and what to do with it, material/services procurement hierarchical code development, where do you rank as a customer
  • Dealing with economic uncertainties, Using Market Indexes, when, where, and how to use “economic price adjustment clauses”
  • Total cost of ownership, reengineering the processes, developing the purchase price index for your organization
  • Developing Purchased Materials/Services Strategic plans, supplier segmentation model, supplier risk analysis

© Copyright ISM 2019

 

 

 

 

 





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Other editions of this course
in United States:


At this time there are no other editions available

 


Other Education Programs of
ISM - INSTITUTE FOR SUPPLY MANAGEMENT in United States:


Administering Contracts: From Award to Completion

Analytics for Supply Management 1: Fundamental Concepts & Techniques (formerly Business Analytics for Procurement)

Analytics for Supply Management 1: Fundamental Concepts & Techniques S&OP WEEK

Big Data Applications and Analytics in Supply Chain Management

Category Management: Analyze the Data, Strategize your Plan, Deliver Big Results

Construction Law Contracting

Contract and Procurement Fraud

Contracting: Beyond the Basics

Contracting: What all the T's C's Mean

Contracting: What all the T's C's Mean LEGAL WEEK

Fundamentals of Purchasing: The Building Blocks of World-Class Professionalism

Fundamentals of Strategic Sourcing

Legal Foundations of Supply Management: The Basics You Need to Succeed

Negotiation Fundamentals: Principled Techniques, Exceptional Outcomes (formerly Principled Negotiations)

Performance-Based Statements of Work (SOWs): Maximize Supplier Performance

Resisting Price Increases and Implementing Cost Improvement Initiatives

Supplier Relationship Management for Collaboration, Impact and Business Success

Transitions from Supply Chain Management, Sales and Operations Planning to Integrated Business Solutions


Threat to a Global Supply Chain


Supply Chain Logistics: Inventory Management, Warehousing and Transportation