Creating Efficiency in the Supplier Management Process

OVERVIEW

Procurement teams face consistent pressure from their stakeholders to showcase value. Frequently, the broader challenges of ensuring post-contract efficiency from the supply base are underestimated. In this webinar, we will delve into best practices for managing supplier relationships, aiming to establish a robust foundation for Supplier Relationship Management and foster a collaborative process that adds significant value.

Participating in this webinar provides a distinct opportunity to stay ahead in the dynamic field of supplier management. Attendees will acquire practical knowledge with the potential to make a positive impact on their organization's performance.

WHY SHOULD YOU ATTEND?

Your Benefits of Attending:

• Understand the elements of supplier management
• Learn about metrics that matter and how to use them
• Gain insight into the "7-steps" of supplier management that optimize resources and minimize effort
• Hear case studies on measures of success
   

One size does not fit all! You will leave this webinar knowing how to more efficiently and effectively manage suppliers based on critical importance and areas of impact.

AREAS COVERED

• Supplier Management Process
• Traditional Role - Supplier Management 
• Functional Evolution - Supplier Management
• Supplier Management Process - Today’s Challenges
• Operational Challenges
• Management Challenges
• Efficiency Challenges
• Overcoming Challenges
• Supplier Management Process - Elements Of The Function
• Typical Supplier Management
• Segmentation
• Three-Dimensional Segmentation
• Three-Dimensional Segmentation
• Supplier Relationship Maturity
• Supplier Management Success Factors
• Supplier Management Process - Dimensions of Supplier Management
• Supplier Management = Risk Management
• The “Impact Tree” of Risk Mitigation
• Risk Due Diligence
• Technology-Related Risks
• Financial and Operational Risk
• Supplier Viability Risk
• Prioritizing Risk
• Supplier Management Process - Tools for Efficient and Effective Supplier Management
• The “Manage and Measure” Checklist
• “Forward-Looking” Performance Insight
• “Actionable” Measurement
• Supplier Management Process - Data-Driven Decisions
• Managing Data = Improved Supplier Management - Flow Chart
• Managing Data = Improved Supplier Management
• Data-Driven Supplier Management Approach
• Information Dashboard
• Supplier Management Process - The Bottom Line
• Key Elements of An Efficient Program
• Seizing The Moment
• Investing in Supplier Management
• Efficient Supplier Management Makes A Difference!
• Q&A

TOPIC BACKGROUND

Effective supplier management is a critical component of organizational success, influencing factors such as cost, quality, and overall supply chain resilience. In today's competitive business landscape, organizations are increasingly recognizing the need to optimize and streamline their supplier management processes to enhance efficiency, reduce risks, and foster stronger supplier relationships.