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1 year access to Standardization Methods - PEX 1005

Non-Member Price:$159
Member Price:$79

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You are registering for one year of access to this Knowledge Center course, starting the date of purchase.

1 CEH - Standardization is the fullest practical use of the same managerial procedures, purchased items, and/or services by all operating units in an organization. It can facilitate significant increases in purchasing leverage while simultaneously reducing or eliminating internal costs. This 1-hour Online Self-Study defines the concept of standardization, describes how a standardization strategy may be effectively integrated, and discusses key issues surrounding measurement and reporting of the contribution.

The following topics are included in this module:
Introduction
What Is Standardization
Implementing Standardization
Measuring Value of Standardization
Conclusion

Activities are integrated into the module to aid the learning process. An assessment at the end of the module enables the learner to measure progress.

Contribution is increasingly defined by how well the right things are done, and less defined by how efficiently things are done. In essence, effectiveness is valued more than efficiency with the key objective being overall success of the organization. Supply managers must get the transactional issues under sufficient control, so they have time to focus on contributing more directly to the organization’s strategic needs. All of this leads supply managers to seek more effective ways to leverage value.

A standardization strategy is one such tool. Standardization is the fullest practical use of the same managerial procedures, purchased items, and/or services by all operating units in an organization. Effectively applied, it can facilitate significant increases in purchasing leverage while simultaneously reducing or eliminating internal costs. While standardization is not a new concept, it is recognized as an essential tool for leveraging value through the supply chain.

This one-hour Online Self-study defines the concept of standardization, describes how a standardization strategy may be effectively integrated into a supply chain, and discusses key issues surrounding measurement and reporting of contribution resulting from standardization.

Remember: All Knowledge Center courses are active for one year from the date of purchase.

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