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Demand & Supply Chain Management Evolution

Course Detail

Developing Excellence in Strategic Supply Management and Procurement

Information on this card refer to a past edition of the course.
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Education Center: ISM - Institute for Supply Management
Date: Please check (on your top-right) for a new edition
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

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