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Demand & Supply Chain Management Evolution


     
Course Detail

Supplier Relationship Management: Achieving Top and Bottom Line Results

 
 
 

Education Center: ISM - Institute for Supply Management
Date: 5 March 2019
City: Denver, CO



Duration: 2 days
 

Can you imagine the power of suppliers being key in your organizational success? This seminar will provide strategies and models to optimize the performance of your suppliers. Supplier Relationship Management (SRM) is the process by which an organization works with its suppliers to accomplish common goals or objectives. Through partnering with internal stakeholders to segment and manage supplier relationships, the supply management professional will identify and execute relationship strategies to improve overall efficiency, performance, accountability, compliance and value.

Who should attend

For new supply management professionals; experienced professionals wishing to refresh and update their skills; and personnel who interface with purchasers or suppliers.

You will earn 14 CEHs for this seminar

You will learn

  • Cultural and leadership benefits
  • Strategies for good relations
  • Facets of contract administration
  • Segment suppliers appropriately
  • Establish partnerships and alliances
  • Create supplier evaluations
  • Development of suppliers
  • Value of early supplier involvement
  • Supplier cost reduction
  • Optimize supply chain management
  • Benefits of technology

Course Outline

  1. Prepare your organization for SRM - Realize the benefits from SRM; Understand the need for cultural and leadership alignment; Discover strategies that create good relations
  2. Understand the principles of SRM - Learn the facets of contract administration; Analyze your supplier portfolio to segment appropriately; Acquire ways to establish partnerships and strategic alliances
  3. Reveal supplier innovation opportunities - Evaluate opportunities for supplier continuous improvement; Discover the value of early supplier involvement is your organization; Leverage organizational Innovation through supplier engagement; Review ways to reduce costs through Value Analysis / Value Engineering
  4. Discover supply base optimization - Understand supplier risk factors and ways to mitigate; Acquire knowledge of supply base management; Attain insight to optimize supply chain management; Discover the power of SRM technology

 

 



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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:


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

Contracting: Beyond the Basics

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

Developing Excellence in Strategic Supply Management and Procurement

Resisting Price Increases and Implementing Cost Improvement Initiatives