What You Will Learn:
- How to gather data sources and analyze supplier price and cost
- To understand supply market analyses and how to apply them
- How to analyze spend data and gauge improvement opportunities
- To identify and engage key stakeholders with whom analyses need to be shared
Virtual Class Schedule:
Day 1 - 10:00 am ET - 1:30 pm ET / 7:00 am PT - 10:30 am PT (3.5 hours), Break for Lunch
Day 1 - 2:30 pm ET - 6:00 pm ET / 11:30 am PT - 3:00 pm PT (3.5 hours)
Day 2 - 10:00 am ET - 1:30 pm ET / 7:00 am PT - 10:30 am PT (3.5 hours), Break for Lunch
Day 2 - 2:30 pm ET - 6:00 pm ET / 11:30 am PT - 3:00 pm PT (3.5 hours)
Course Overview & Goals::
- Mega trends in procurement and supply chain - what trends impact business the most, how procurement should respond, supply management's strategic value
- Price/Cost Analysis - price and cost stages
- Supplier portfolio matrix - strategic, leverage, bottleneck, and routine
- Business requirements analysis - needs vs. wants, challenging the wants, determining the requirements
- Conditioning – roles, active & responsive conditioning
- Supplier Pricing – how suppliers set prices, analyzing pricing methods
- Cost Analysis - methods of cost analysis, total cost of ownership (TCO), average total cost and marginal cost
- Supplier market analysis – basic & advanced market analysis, Porter’s 5 forces, STEEP, SWOT, where to find data
- Supplier financial analysis – where to find the data, ratio analysis
- Opportunity analysis – essential concepts & best practices
- Supplier strategies on spend – opportunity matrix, spend analysis & Pareto, opportunity examples
- Stakeholder Identification – analyzing who the stakeholders are
- Action Planning – action planning templates, setting goals
Who Should Attend:
Supply chain and procurement professionals and managers; materials, contracts, projects, maintenance, operations, and financial managers. Also, any manager or practitioner interested in lowering total cost, and increasing productivity and profit contributions through improved supply management operations and strategies.