SCL Course: Leveraging Supply Management Tools and Techniques to Improve Performance

Event Details
Contact

EMAIL: info@scl.gatech.edu or CALL: (404) 385-3501 between 9:00a.m. and 4:00p.m., Eastern time.

Summaries

Summary Sentence: Learn about the latest tools and techniques for identifying areas for cost reduction and for improving procurement performance.

Full Summary: In today's competitive business environment firms worldwide are realizing the need for cost effectiveness in all facets of business. The proportion of total costs, which flow to a firm's suppliers, is significant. In some instances procured goods and services account for up to 80% of a firm's revenue. Procurement, therefore, plays a vital role in helping to ensure a firm's continued survival and growth. In order to accomplish this survival and growth, for their firms, procurement professionals require an in-depth understanding of a range of tools and techniques that can be used to improve procurement performance. This course focuses on how to ensure that procurement expenditure is fully under control and all savings opportunities are realized. The latest tools and techniques for identifying areas for cost reduction and for improving procurement performance are covered.

Course Description

In today's competitive business environment firms worldwide are realizing the need for cost effectiveness in all facets of business. The proportion of total costs, which flow to a firm's suppliers, is significant. In some instances procured goods and services account for up to 80% of a firm's revenue. Procurement, therefore, plays a vital role in helping to ensure a firm's continued survival and growth. In order to accomplish this survival and growth, for their firms, procurement professionals require an in-depth understanding of a range of tools and techniques that can be used to improve procurement performance. This course focuses on how to ensure that procurement expenditure is fully under control and all savings opportunities are realized. The latest tools and techniques for identifying areas for cost reduction and for improving procurement performance are covered.

Who Should Attend

Sourcing and procurement managers, supply chain managers, logistics and supply chain planners, leaders/individuals involved in supply chain cost reduction initiatives.

How You Will Benefit

  • Identify best practice in different aspects of the procurement function.
  • Assess current levels of performance and compare this against best practice.
  • Use appropriate tools and techniques to identify areas for performance improvement.
  • Improve their problem solving abilities.
  • Set metrics and benchmarks that will define opportunities for improvement in sourcing.
  • Reduce supply related costs and improve efficiency.
  • Make a significant contribution to overall organizational performance.

What Is Covered

Strategic Cost Management
  • Structured approach to cost reduction
  • External sources of price and cost data
  • Price analysis tools and techniques
  • Cost analysis tools and techniques
  • Quantity discount analysis
  • Total cost of ownership (TCO) and using a TCO model
  • Collaborative approaches to cost management
Purchasing Analysis Tools and Techniques
  • Process mapping tools and techniques
  • Value analysis/value engineering
  • Learning curve analysis
  • Problem solving tools and techniques and application to the Procurement function
Lean Supply Chain Management
  • Understanding the various forms of supply chain inventory
  • Inventory costs
  • Assessing inventory investment
  • Approaches for managing inventory investment
  • Lean tools and techniques
  • Fulfillment-delivering the perfect customer order
Performance Measurement and Evaluation
  • Procurement performance evaluation and measurement
  • Procurement performance measurement categories
  • Developing a performance evaluation and measurement system
  • Benchmarking and performing benchmarking
  • Strategies for performance improvement

Related Links

Additional Information

In Campus Calendar
No
Groups

H. Milton Stewart School of Industrial and Systems Engineering (ISYE), The Supply Chain and Logistics Institute (SCL)

Invited Audience
Undergraduate students, Faculty/Staff, Public, Graduate students
Categories
Career/Professional development
Keywords
GTSCL course
Status
  • Created By: Andy Haleblian
  • Workflow Status: Draft
  • Created On: Oct 6, 2015 - 8:07am
  • Last Updated: Apr 13, 2017 - 5:18pm