Globalization: Its Impact on Supply Management
Globalization demands that supply professionals more effectively manage a key aspect of supply management — avoiding disruptions to the continuity of supply. Discover how to reduce risk and enhance your organization's success in the global marketplace. Learn how to cope with today's challenges as well as what you should be doing now to take advantage of future global sourcing trends.
Who Should Attend
Supply professionals new to the global marketplace or those currently doing business globally. This program is for you if you are concerned with the risks and rewards of the international arena.
You Will Learn
- How to identify the major changes from globalization and the transition to a seller's market
- How to develop the tools and templates to effectively operate in a global environment
- Proven techniques in cost analysis and supplier measurements
- Techniques for improved supplier management and development
- The latest process developments in global supply management that can reduce risk and cost
- Strategic Value and Risks: Identification and qualification of risk; global scarcities as we transition from buyer's market to seller's market; impact of the basis factors of production and operation especially relationships and intellectual supply chains?
- Challenges of the Global Environment: Critical elements of global sourcing and the impact on the buyer, including supply risks and traditional buffers?
- Commerce Cycle – Information and Finance: The informational and financial aspects of the commerce cycle can often make the difference between a profitable or problematic relationship with global sources of supply?
- Constructive Cost Analysis – An Overview: Supplier Constructive Cost Analysis (CCA) – Benchmarking costs; financial documentation; and Should Cost & Target Cost Analyses – are most valuable tools to achieve sustainable cost reductions throughout the supply chain and should be part of Supply Professional toolkit?
- Supplier Segmentation and Certification: Differentiating the suppliers in the procurement processes into a differentiated set of strategies, tactics and managerial approaches goes far in linking effective procurement to the firm's overall corporate and product needs and competitive efforts?
- Scorecard Measuring Performance: How to effectively measure supply and supplier performance?
- Impact of Culture: Supply and procurement professionals must be knowledgeable of the customs and culture of global trading partners in order to effectively manage in that environment?
- Trends: What are the trends that will redefine procurement in the next ten years? What actions must be taken now to optimize those advantages and avoid the risk of future global sourcing?
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