Strategic Sourcing has evolved over time to become much more than a cost savings vehicle. Supplier Management is a critical but often underutilized component of delivering this extended value to the organization. This webinar will provide you with a comprehensive understanding of how to optimize supplier relationships and establish a successful program for your organization. You will be able to develop a road map that provides you with the ability to capitalize on the benefits derived from a focused effort on supplier management. In this webinar, you will hear practitioner case studies from different spend categories and industries. You will be able to understand the drivers for creating SRM (Supplier Relationship Management) success, and ensure post-implementation value. There are varying factors to consider when developing the strategy – industry dynamics, key drivers, risks, and alignment with company objectives. You will also be able to recognize the impact to create a winning program for your organization.
Learning Objectives:
- Procurement Evolution
- The Value Mix
- Shifting Value Beyond Cost Reduction
- Creating “Next Level” Supplier Management
- Implementation:
- Success Factors
- Key Performance Indicators
- Analyzing Results
III. Benchmarking
- Case studies
- Key Learnings
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