Recognizing the critical elements for handling your supply chain effectively
can help procurement professionals add value to their organizations.
Identifying requirements, strategically sourcing supplier options, evaluating
potential suppliers against the business requirements, and selecting suppliers
that can meet the requirements are all tasks that procurement professionals
must perform to deliver the best value for their organization.
For acquiring goods or services from the supply base, you need to identify the
key elements and challenges within the supply chain during the acquisition
process. In this course, you will focus on the tools of supplier selection,
examine supplier measurement systems, and review the concept of developing and
partnering with suppliers in strategic relationships. You will also examine
key subjects such as alliances or partnerships in supplier relationship
management and the importance of negotiation skills when securing supply.
After completing this course, you should be able to:
Define the scope of effective supply.
Identify the elements for securing effective supply.
Describe the effective supply process.
Describe strategic alliances and supplier relationship management.
Identify the risks and benefits of effective supply.