India

Strategic Supply Management

In this course, you’ll investigate best practices for achieving long-term value in supply management through exemplar industry trends.
Michigan State University 220 Trowbridge Rd East Lansing,, MI 48824, USA
(517) 3558332

Course at a Glance

Mode of learning : Online - Self Paced

Domain / Subject : Business & Management

Function : Sales

Duration : 8 Weeks

Difficulty : Advanced

Strategic Supply Management

Create Sustainable Competitive Advantage For Your Organization and Career!
Examine advanced supply management theory and practices from both academic and real-world perspectives. Gain the skills to assess and create new opportunities, relationships and supply channels, while exploring the entire domain of supply and the ways supply management can deliver sustainable competitive advantage.

In this course, you’ll investigate best practices for achieving long-term value in supply management through exemplar industry trends. Plus, you’ll discover ways to enhance buyer-supplier relationships, overcome supply management challenges and provide the strategic positioning and risk management your organization needs.

What You’ll Learn

  • Introduction to Strategic Supply Management
  • Supply management terminology, trends, and themes
  • Ways to evaluate new opportunities and overcome challenges
  • The difference between tactical and strategic efforts
  • How to transition from leveraging volume to leveraging ideas
  • Strategies for creating lasting value and sustainable competitive advantage

Relationships
The keys to exceptional supplier relationship management
Ways to evaluate and enhance supplier performance
How to integrate continuous improvement
Why loyalty matters and how to measure it
Game Theory implications for strategic supply management
Empathy and right brain thinking in building relationships
Deliverables and outcomes of trust

Scope and Metrics
Cost concerns and total cost of ownership
The evolution and purpose of supply management metrics
Ways to use different metrics and perspectives to optimize your supply base
The most important (and often neglected) supply management concerns

Process Map
Definition, scope and elements of supplier base management
Overview of the sourcing strategy process
How market characteristics frame the strategy
Formal supply management strategy methodology
Six strategic outcomes of supplier base management and their implications
Ways to assess, identify and prioritize opportunities for various goods and services

Implementing and Measuring Supply Management Strategy
How to identify the type of supplier relationship needed to support the strategy
Ways to develop a shared commitment with intended sources
Methods for monitoring supplier-based risk on a continuous basis
Ways to evaluate suppliers and sources and complete agreements with them

Robust Cost Knowledge
Why robust cost knowledge is a game-changer
How traditional supply chains have evolved into integrated supply networks
How routine strategy positioning limits opportunity
Cost modeling, cost drivers and cost elimination

Risk and Sustainability
Multiple dimensions of supply chain risk
Supply management’s role in corporate social responsibility and sustainability
The three dimensions of the “triple bottom line”
Sustainable procurement metrics
How to build resiliency, innovation and speed to market into your supply chain

 

Course eligibility

Credit & Tuition
Register today and earn 3.5 CEUs for $2,480.

Who Should Register?
The Strategic Supply Management course is designed for professionals who want to gain a greater understanding of the scope, costs, metrics and processes associated with supply management and leverage that knowledge to create sustainable competitive advantage. The course is open to individuals who want to excel in purchasing, sourcing and supply management roles. It is a required course for completing the Master Certificate in Advanced Procurement Management.

I would like to be contacted regarding this course

Strategic Supply Management | Syllabus

  • Lecture #    Subject Title
  • Lecture Faculty:    Joe Sandor
  • Facilitating Faculty:    Joe Sandor
  • Week 1:    Introduction to Strategic Supply Management

1    Setting - What’s in a Name?
2    Interlocking Themes
3    Trends and Opportunities
4    Network vs. Function / Firm Optimization
5    The Talent Factor
Week 2    Relationships
6    Expectations
7    Outside
8    Inside
9    Game Theory
10    Integration
Week 3:    Scope and Metrics
11    Metrics vs. Measurement
12    Total Cost of Ownership - Areas and Weights
13    Strategic Profit Model
14    Strategic vs. Tactical (Table Stakes vs. Winning)
15    Payment Terms Example
16    Prevention, Savings & Avoidances
Week 4:    Process Map
17    Overview
18    Assessment
19    Profile Spend Category
20    Supply Market Analysis
21    Developing Strategy
22    Implementing Strategy
23    Managing Performance and Driving Continuous Improvement
Week 5:    Supply Base Design Considerations
24    Network Value Creation
25    “Outsource the Rest”
26    Deming’s Advice
27    Risk Mitigation
Week 6:    Robust Cost Knowledge
28    Holistic Perspective
29    Back to the Past - Value Analysis and Continuous Process Engagement
30    Cost Elimination and Breakthrough Examples Part 1
31    Cost Elimination and Breakthrough Examples Part 2
Week 7:    Category Analysis Example
32    Requirements and Internal Engagement
33    Market Knowledge and Supplier Selection
34    Cost Drivers and Price Trends
35    Cost Models
36    Strategy Implementation
Week 8:    Summary and Perspective
37    Talent and SRM
38    Sustainable Competitive Advantage
39    Earned Preferential Treatment
40    Cost Elimination, Asset Productivity and Revenue Growth
41    Future of Supply Management

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