Effective Supply: Supplier Alliances and Partnerships

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1.00 hour
Online Self Study


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About the Course

Supplier alliances and partnerships are crucial when sourcing in today’s economy. This course will aid the sourcing professional in understanding the best practices, tools, and techniques for both developing and maintaining successful supplier alliances.

Course Description

A primary responsibility of a sourcing professional is to foster supplier alliances and partnerships to secure the best value for the organization. It is important for the sourcing professional to understand the necessary tools and techniques for designing and implementing successful supplier relationships.

In this course, you will explore processes and techniques that you can use to design and implement supplier alliances that fit the type of purchasing transactions in which your company participates. You will also examine effective techniques for understanding and managing the supplier relationships, characteristics to consider when selecting suppliers and designing contractual requirements, and how to align the corporate strategic goals to the overall intent of the supplier alliance.

Learning Objectives

After completing this course, you should be able to:

  • Define supplier alliances and partnerships.
  • Explain the differences between various types of supplier alliances and partnerships.
  • Identify how supplier alliances align with the different types of purchases your organization makes.
  • Explain the critical success factors for sustaining successful supplier alliances, as well as the most effective ways to measure the success of the partnership.