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Supply Base Management

Create Long-Term Value With a Systematic, Dynamic Approach to Supply Base Management!
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

Supply Base Management

Create Long-Term Value With a Systematic, Dynamic Approach to Supply Base Management!
When it comes to supply base management, one size does not fit all. If you’re not actively evaluating your suppliers, monitoring costs and metrics, expanding your supplier network, and vetting potential new opportunities and sources, you’re not creating the kind of sustainable competitive advantage that benefits your organization and your career.

Develop the skills to continually optimize your supply base and confidently alter your strategies as your needs evolve. Discover how to foster collaborative supplier relationships and effectively manage supply risks with this comprehensive course.

What You’ll Learn
Supply Base Design and Management

Which supply base design best suit your needs
How to identify, evaluate and enhance the performance of suppliers
Ways to compare existing suppliers to potential suppliers
The characteristics of effective assessment systems
Ways to create resiliency and market responsiveness for your organization

Supplier Selection
Best practices for locating and vetting potential suppliers
How to link sourcing strategy to selection criteria
What site visits and financial analysis can tell you about suppliers
Why the right mix of suppliers opens the door to innovation

Supply Base Optimization
How supply base optimization creates sustainable competitive advantage
Different approaches and real-world examples of supply base optimization
How to establish a supply base profile

Supplier Development and Relationship Management
Reactive vs. proactive approaches
How to determine the right type of relationship – portfolio approach
Keys to collaborative supplier relationships
How to improve supplier contributions and performance

Cost Management and Cost Modeling
Ways to work with suppliers to drive the lowest cost solution
Cost terminology and cost classification
Supplier pricing and basic cost models
Cost reduction and cost avoidance
Ways to manage changes in your cost structure
The strategic profit model
Total cost of ownership/life cycle cost models
Targeting cost and early supplier involvement

Supply Risk Management
Which factors contribute to supply risk
What to do about supply disruption
How to manage cost/price volatility
Ways to create supply chain security
How to address sustainability and corporate social responsibility

 

Course eligibility

Who Should Register?
Supply Base Management is ideal for procurement and sourcing professionals looking for new and innovative ways to positively impact every aspect of the supply base. It is open to anyone who wants to improve supplier relationships, optimize supply base design, and add resiliency and speed to market as competitive advantages. It is a required course for completing the Master Certificate in Advanced Procurement Management.

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