What You Will Learn:
- The 4 Stages to world-class supply management
- An increased skill sets in supply management
- The 3 Categories for organizing the spend profile
- A greater ability in leading continuous improvement programs
- Ways to deal with economic uncertainties
- How to develop a “Hierarchical Purchasing Coding System”
- The 6 Steps in the development of a composite purchase price index
- How to get more time out of your day to be less tactical and work on strategic issues for high performance
- The 30 categories that should be included in a purchased materials/services strategic plan outline
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:
- The stages to world-class supply management
- Managing change and becoming more strategic
- The supply management impact on the organizational bottom line
- Supply management skill sets for high performing teams
- Examples of job descriptions for supply management
- How to define the supply management mission and vision
- Developing the spend profile
- How to create time to be strategic
- The ABC (Pareto) analysis and what to do with it
- Material/services procurement hierarchical code development
- Understanding where 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
Who Should Attend:?
The workshop is ideal for managers and professionals in supply management and procurement. Additionally, materials, contracts, projects, maintenance, operations, and financial managers with supply chain responsibilities will find this workshop valuable. Any manager or professional interested in lowering total cost and increasing productivity and profit contributions from better supply management operations will benefit from this supply management course.