Product Details
Learning Solutions Testing Product
TEST PRODUCT Supplier Relationship Management (SRM) is the process by which an organization works with its suppliers to accomplish common goals or objectives. SRM is vital to the success of your organization’s top and bottom line. As a supply management professional, you play an essential role in the success of these relationships. And, the more skilled you are at navigating and managing these relationships, the more valuable you will be to your organization. This course will provide you with impactful strategies and models to optimize the performance of your suppliers. You’ll learn how to effectively partner with internal stakeholders to segment and manage your supplier relationships. Gain knowledge and skills to identify and execute relationship strategies to improve overall efficiency, performance, accountability, compliance and value.
Member Price: $0.00
Date
May 28-29, 2025
Location
Additional Information
Description
TEST PRODUCT What You Will Learn:
- Cultural and leadership benefits
- Strategies for good relations
- Facets of contract administration
- Segment suppliers appropriately
- Establish partnerships and alliances
- Create supplier evaluations
- Development of suppliers
- Value of early supplier involvement
- Supplier cost reduction
- Optimize supply chain management
- Benefits of technology
Virtual Class Schedule:
Day 1 - 10:00 am ET - 1:30 pm ET / 7:00 am PT - 10:30 am PT (3.5 hours), Break for Lunch
Day 1 - 2:30 pm ET - 6:00 pm ET / 11:30 am PT - 3:00 pm PT (3.5 hours)
Day 2 - 10:00 am ET - 1:30 pm ET / 7:00 am PT - 10:30 am PT (3.5 hours), Break for Lunch
Day 2 - 2:30 pm ET - 6:00 pm ET / 11:30 am PT - 3:00 pm PT (3.5 hours)
Course Overview & Goals:
- Prepare your organization for SRM:
- Realize the benefits from SRM
- Understand the need for cultural and leadership alignment
- Discover strategies that create good relations
- Understand the principles of SRM:
- Learn the facets of contract administration
- Analyze your supplier portfolio to segment appropriately
- Acquire ways to establish partnerships and strategic alliances
- Reveal supplier innovation opportunities:
- Evaluate opportunities for supplier continuous improvement
- Discover the value of early supplier involvement is your organization
- Leverage organizational Innovation through supplier engagement
- Review ways to reduce costs through value analysis/value engineering
- Discover supply base optimization:
- Understand supplier risk factors and ways to mitigate
- Acquire knowledge of supply base management
- Attain insight to optimize supply chain management
- Discover the power of SRM technology
Who Should Attend:
Any new supply management professionals will find this course highly valuable. Additionally, experienced professionals wishing to refresh and update their skills can greatly benefit from the information in this course. Finally, any personnel within the organization who interface with purchasers or suppliers will gain important information to help them navigate supplier relationships. Please bring a calculator to this supply management training.