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Training course overview
Supply Chain Intelligence focuses on empowering businesses to effectively track their entire supply chain, gain real-time performance insights, and achieve full visibility throughout the process. It integrates three key elements: user needs, business goals, and technology solutions to drive optimization. By leveraging category management, this strategic approach to procurement can deliver value beyond traditional sourcing methods.This training course will evaluate the importance of Supply Chain Intelligence in business strategy.
Business partnering, a modern term for Supplier Relationship Management, emphasizes the importance of negotiating and concluding winning deals. This core competency is essential for aligning with stakeholder requirements and developing long-term strategies for managing expenditures.
This Coventry Academy training course will feature:
- Identification of New Supply Opportunities
- Improving Strategic Sourcing Activities
- Understanding Stakeholder Priorities
- Managing Supplier Performance
- Demonstrating Negotiation Skills
What are the goals?
By the end of this Coventry Academy training course, participants will be able to:
- Relate People, Process and Technology in Supply Chain Intelligence
- Evaluate the importance of Supply Chain Intelligence in business strategy
- Analyze the importance of category management in supplier management
- Employ the various strategies in negotiation skills to a Better Alternative to Negotiated Agreement
- Discover the challenges in business partnering with “new normal” operations
Who is this training course for?
This Coventry Academy training course is aimed at supply chain management, operations and professionals who want to learn about new trends and technologies that will benefit organization’s growth.
This Coventry Academy training course is suitable to a wide range of professionals but will greatly benefit:
- Procurement, buyers and purchasing professionals in disciplines such as ICT, operations, marketing, finance, who wish to learn more about supply chain intelligence and procurement management.
- Those who need to maximize value from procurement and the supply chain
- Those who need an understanding of the relationships between risk, cost and service in supply chains
How will this training course be presented?
This Coventry Academy training course will utilise Gagne’s nine steps of instructions, a proven adult learning technique to ensure maximum understanding, comprehension and retention of the information presented. The training course is highly interactive and will prompt delegates to reflect on current practices and on their team goals. The tutor will guide and facilitate learning using a wide variety of methods including direct input, discussions, and case studies.
Course Outline
Day One: Analyzing Supply Chain Intelligence
- Interpret Supply Chain management mission and vision
- Interpret Supply Chain Models and Types
- Relate Blockchain Application in the Industrial Revolution 4.0
- Apply The Internet of Things (IOT) in supply chain Models
- Interpret Risks in the Supply Chain
- Compare current application of Blockchain in the different industries and its benefits
Day Two: Employing the Key Tools for Managing Strategic Procurement through Categorization
- Show the stages to effective Purchasing through Procurement
- Discover the importance of Category Management in Procurement
- Practice Supplier Positioning for effective performance
- Use Categorization for efficient Supplier Management
- Apply the appropriate criteria for Supplier Selection
- Use Cost Reduction Initiatives to improve the bottom line of the organization
Day Three: Maximizing Value through Negotiations in effective contracts (Deals)
- Prepare the steps in Negotiation
- Interpret the different strategies in Negotiation
- Apply Better Alternatives to Negotiated Agreements to conclude effective contracts
- Relate collaborative supplier management
- Apply important contractual terms in pre-negotiations
- Develop a Supplier Category Management through negotiation in Procurement
Day Four: Setting the Strategic Direction in Sourcing
- Discover how strategic sourcing impacts Procurement
- Apply the steps in strategic Sourcing to improve Supplier selection
- Categorise the Purchasing Department Strategic Plan
- Analyze Total Cost Modelling of the Supply Chain
- Interpret Key Performance Indicators (KPIs) for Procurement
- Discover how supplier involvement enhances productivity
Day Five: Supplier Relationship Management through Business Partnering
- Discover the hierarchy of Suppliers in the supply Channel
- Relate the suppliers risk management in business partnering
- Preparing the cost of product for market data gathering
- Relate RFI and RFP in gathering supplier market information
- Formulate a supplier partnership relations Management
- Develop a plan for effective partnership
The certificate
- Coventry Academy Certificate of Attendance will be provided to delegates who attend and complete the course