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Developing Excellence in Strategic Supply Management and Procurement

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Seminar #4201
April 16 - 18, 2012
Las Vegas, NV

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Overview

The development and implementation of carefully crafted strategies for the acquisition of all goods, equipment, materials, and services has become a critical issue in all organizations wishing to reduce operating cost while improving quality and productivity. This program explores key concepts forming the basis of strategic supply management and moves today's supply management organization from its typical tactical focus to the strategic focus needed to successfully implement the processes and methods needed to reach world-class performance.

Who Should Attend

Managers and Professionals in Supply Management, and Procurement; Materials, Contracts, Projects, Maintenance, Operations, and Financial Managers and; All other Managers and Professionals interested in lowering total cost and increasing productivity and profit contributions from better supply management operations

You Will Learn...
  • Four Stages to World Class Supply Management
  • Many increased skill sets in supply management
  • Three Categories for organizing the Spend Profile
  • Greater abilities in leading continuous improvement programs
  • Ways in dealing with economic uncertainties
  • 10 Questions for Internal and External surveys to enhance purchasing performance
  • How to develop a “Purchasing Coding System”
  • Six Steps in the development of a Composite Purchase Price Index
  • How to get more time to work on strategic issues
  • 12 critical steps in negotiation planning and strategies
  • Understand methods of Price and Cost Analysis
  • 30 Categories that should be included in a Purchased Materials/Services Strategic Plan Outline
You Will Earn...

21 continuing education hours
Course Outline
  1. Stages to world class supply management, change and becoming more strategic, supply management impact on the bottom line, supply management skill sets, defining supply management, new job descriptions for supply management, defining the supply management mission and vision
  2. Developing the spend profile, creating time to be strategic, the ABC (Pareto) analysis and what to do with it, material/services purchasing code development
  3. Elements of cost that make up the price, price indexes, requesting and evaluating suppliers cost and pricing data, developing "should cost"
  4. Dealing with economic uncertainties, when, where, and how to use "economic price adjustment clauses"
  5. Supplier/procurement categories, strategic alliances, how do suppliers evaluate us as a customer, bidder qualification and selection, internal surveys to improve purchasing performance, supplier performance measurement
  6. Total cost of ownership, reengineering the processes, cost containment methods, cost reductions and cost avoidance — can and should we have both, savings reporting procedure
  7. Developing Purchased Materials/Services Strategic plans, developing the purchase price index for your organization
  8. Our responsibilities as agents, ISM's standards of ethical practice, negotiation skill sets steps in negotiation preparation, positional negotiations, what does win/win really mean, final points before the negotiation

© Copyright ISM 2012

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Hotel Information

Hilton Garden Inn Las Vegas Strip South
7830 S. Las Vegas Blvd.
Las Vegas, NV 89123
702/453-7830

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In order to ensure maximum participation interaction and learning, enrollment is limited. Save $200 USD and ensure your spot in the classroom when you register 30 days or more prior to the program start date (not applicable to One-Day programs)

Seminar Hours:
2-Day Seminars
First Day: 8:30 a.m. - 4:30 p.m.
Second Day: 8:30 a.m. - 4:00 p.m.

3-Day Seminars
First Day: 8:30 a.m. - 4:30 p.m.
Second Day: 8:30 a.m. - 4:30 p.m.
Third Day: 8:30 a.m. - 4:00 p.m.

One-Day Seminars:       8:30 a.m. - 4:30 p.m.

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Seminar #4201 Regular Price Member Price
Cost: $1,899.00 $1,599.00
Total: $1,899.00 $1,599.00
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* Save USD $200 when you register 30 days or more prior to the program start date (not applicable to One-Day programs). Payment must be received at the time of registration in order to qualify for the early bird discount.