Strategic Supply Management
Author:Dr. George L. Harris
Credit: 2.0 CEUs
Testing Format: multiple choice
Your Price: $159.00
ISBN: 9780761213420
Format: Book
Overview
Become a best-in-class supply management organization!
Operating a world-class supply management department can improve your products and services, optimize the use of resources, and lower costs for your organization. Managing the entire supply chain to accomplish this is a complex challenge for today’s supply managers.
Strategic Supply Management lays out in practical detail everything you need to know to set the key strategic direction to achieve this goal and your own success as a procurement professional.
This self-study program represents the most up-to-date practices in the profession and presents the tools and knowledge necessary to manage supply chains and suppliers within any enterprise. It offers real experience with work assignments you can use to create a strategy, define resources, develop metrics, manage improvements in the supply chain, and utilize best-in-class processes.
This course offers step-by-step guidance on how you can build and measure your strategic supplier relationships and helps you understand the ramifications of global sourcing. Timely thinking on the role of e-business and an overview of the latest legal issues provide a current basis for the decision-making required of supply managers today..
Course Objective: Teach procurement professionals how to establish and operate a supply management department that achieves strategic objectives.
Selected Learning Objectives
• See things from the customer’s point of view
• Create and implement supply management strategy
• Measure and achieve effective total costs
• Hire, manage, and develop purchasing staff
• Integrate production and service plans
• Control inventory input and output
• Develop improvement plans with suppliers
• Use computer technology in supply management
• Establish and develop effective supply chains
• Understand the legal aspects of supply management
• Benchmark and become a best-in-class supply management organization
Testing Format
This course contains one multiple choice test valued at two Continuing Education Units (CEUs).
Table of Contents
About This Course
How to Take This Course
Pre-Test
1. Establishing a World-Class Supply Management Department 1
Setting Direction
Market Forces
Type of Supplier Relationships
Deployment of Technology
Creating and Managing the Right Metrics
Improvement in Organization’s Competitiveness
Core Competencies
Supplier Development
Taking Advantage of Market Opportunities
Recap
Review Questions
2. Organizing the Supply Management Function 21
Introduction
Organizational Structure
Types of Purchasing Organizations
Supply Management Roles and Responsibilities
Cross-Functional Relationships
Defining Your Supply Management Organization
Commodity Strategies
Recap
Review Questions
3. Hiring, Managing, and Developing Purchasing Staff 39
Introduction
Defining the Number and Type of Staff
Hiring Philosophy
Managing Staff
Initial Activities
Creating Development Plans
What Is a Development Plan?
Types of Development Activities
Recap
Review Questions
4. Supplier Strategy 53
Introduction
Benefits of the Supplier Strategy
Determining the Make-or-Buy Decision
Single-Source vs. Sole-Source Suppliers
Relationships
Recap
Review Questions
5. Global Sourcing 69
Introduction
Why Global Sourcing?
Supply Chain Differences
Key Issues in Global Sourcing
Language/Communication
Time/Timing
Culture
Financial/Payments
Customs/Duties
Transport and Handling
Recap
Review Questions
6. Analyzing for Cost and Price Competitiveness 83
Introduction
Development of a Supplier’s Cost Estimate
Price Analysis
Cost Analysis
Competency in Cost and Price Analysis
Target Costing
Total Costs
Recap
Review Questions
7. Inventory Management 99
Introduction
Controlling Inputs and Outputs
Policies and Procedures
Departmental Accountability for Results
Safety Stock
Ordering Levels
Service Level
Inventory Accuracy
Innovative Inventory Practices
Kanban
Lean Manufacturers
Supplier Consignment
VMI and VFI
Recap
Review Questions
8. Use of Computer Technology in Supply Management 113
Introduction
Transformation of a Function
Types of Computer Applications in Supply Management
What to Buy
Authority to Buy
How to Buy
How to Manage the Purchases
What Supply Management Desires in a Computer System
E-Business
E-Commerce Defined
Why Are Business-to-Business Solutions Being Adopted?
Linking E-Business Solutions to Purchases
E-Business Opportunities
An E-Business Model
Need for an E-Business Strategy
E-Business Realities
Consideration of E-Business Solutions
Recap
Review Questions
9. Legal Aspects for Supply Managers 133
Introduction
The Uniform Commercial Code Agency
Offer and Acceptance
Statute of Frauds
Warranties
Title/Risk of Loss
Price, Credit, Quantity, Delivery, Quality, Inspection, and Remedies
Dispute Resolution
Strategic Legal Issues
Recap
Review Questions
10. Supplier Performance Measurement 151
Introduction
Aligning Supplier Measures
Meaningful Measures
The Case against Purchase-Price Variance
Measures Should Be Few in Number
Measurement Data Should Be Carefully Managed and Discussed
Feedback Processes Should Be Constructive and Reasonable
Continuous Improvement Plans Should Be Developed and Tracked
Examples of Effective Supplier Measures
Recap
Review Questions
Glossary
Bibliography
Post-Test
Index