About the course
Procurement organizations are often responsible for managing thousands of parts that can be purchased from hundreds of suppliers. The large number of parts and suppliers makes it nearly impossible to manage each individual part. This is why procurement organizations relay upon stratification methods and other sorting methodologies to provide insights into GROUPS of parts. Using this approach allows purchasing professionals to focus on the important few parts while not wasting time on the trivial many parts.
The Component Criticality Matrix is a tangible, analytic tool that helps all purchasing professionals quantifiably determine how critical a part is to the overall enterprise. Once this is accomplished, special attention can be applied to manage the critical parts, their inventory levels and their impact on customer service.
Using provided templates, participants will learn how to build a Component Criticality Matrix and will execute real-time analytics in group labs on items within their specific purchasing ecosystem.
Alan G. Dunn is a management expert whose clientele has included some of the world’s most recognizable brands, Fortune 100 companies across a variety of business sectors, and departments of the U.S. government. With 40 years of experience, he has established a reputation as a leader in his field,...
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Because of COVID-19, many providers are cancelling or postponing in-person programs or providing online participation options.
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