Introduction to Effective Supply

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1.00 hour
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About the Course

Recognizing the critical elements for handling your supply chain effectively can help procurement professionals add value to their organizations.

Course Description

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.

Learning Objectives

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.