Supply Base Management (Online)

Eli Broad College of Business

Eli Broad College of Business

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Who should attend

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.

About the course

The way you choose to source the various products and services needed to support your business’ operations can have a significant impact on business performance, affecting quality, speed, and your business’ ability to innovate. In other words, sourcing has a great deal to do with the success or failure of your broader business strategy. 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.

Discover how to foster collaborative supplier relationships, develop the skills and knowledge base to optimize your supply base and effectively manage supply risks through this engaging Supply Base Management course, featuring:

  • Advanced supply base management applications
  • Newly enhanced course and video content
  • Expanded live sessions
  • Enhanced interaction in an online learning environment

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

Curriculum

8 Week Course

IIntroduction to Sourcing Strategy Development

  • Introduction to Sourcing Strategy Development
  • Assessing Value Potential
  • Analyzing the Supply Market: Supply Market Complexity
  • Analyzing the Supply Market
  • Selecting a Strategy
  • Market Dynamics: PEST Analysis

Introduction to Supply Base Management and Supplier Assessment

  • Importance of Supply Base
  • External Spend
  • Evolution of Purchasing Focus
  • Supplier Evaluation and Assessment
  • Potential Supplier Identification and On-Site Assessment
  • Supplier Evaluation and Assessment: Financial Health
  • Supplier Evaluation and Assessment Example: Financial Health

Supplier Assessment

  • Supplier Evaluation and Assessment: Bringing Multiple Criteria Together
  • Supplier Evaluation and Assessment: Current Suppliers

Building a World-Class Supply Base

  • Supply Base Optimization
  • Supplier Development
  • Supplier Relationships

Collaborative Supplier Relationships and Introduction to Cost/Price Management

  • Collaborative Supplier Relationships
  • Tools for Facilitating Collaborative Relationships
  • Principles of Cost/Price Management

Should Cost Modeling

  • Cost/Price Management Tools: Should Cost Models
  • Cost/Price Management Tools: Learning Curve Model
  • Cost/Price Management Tools: Parametric Cost Models

Supplier Involvement in NPD and Ethics in Supply Base Management

  • Supplier Involvement in New Product Development
  • Managing Supply Risk
  • Managing Supply Risk Tools and Techniques

Managing Supply Risk

  • Managing Supply Risk: Corporate Responsibility
  • Managing Supply Risk: Corporate Social Responsibility
  • Ethics in Supply Base Management
  • Supply Chain Finance
  • Digital Procurement

Supply Base Management (Online) at Eli Broad College of Business

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Disclaimer

Coursalytics is an independent platform to find, compare, and book executive courses. Coursalytics is not endorsed by, sponsored by, or otherwise affiliated with any business school or university.

Full disclaimer.

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