Modern Supplier Management, Development & Optimization Event, 11.May.2025

Course Description

This comprehensive 5-day course equips procurement professionals with advanced strategies and tools for effective supplier management, development, and optimization. Participants will learn to create value-driven supplier relationships, implement performance evaluation systems, mitigate risks, and drive innovation across the supply chain.

Learning Objectives

• Develop and implement strategic supplier relationship management (SRM) programs
• Master techniques for supplier segmentation, performance evaluation, and risk management
• Learn to foster innovation and continuous improvement in supplier partnerships
• Understand how to align supplier management with organizational goals and create measurable value
• Acquire skills to navigate complex negotiations and resolve conflicts in supplier relationships

Course Modules

Day 1: Foundations of Modern Supplier Management

• Evolution of supplier management in the digital age
• Strategic importance of effective supplier relationships
• Supplier segmentation and portfolio management
• Aligning supplier management with organizational objectives

Day 2: Supplier Relationship Management (SRM) Strategies

• Designing and implementing SRM programs
• Collaborative planning and goal-setting with key suppliers
• Effective communication and stakeholder management
• Building trust and long-term partnerships

Day 3: Supplier Performance Evaluation and Development

• Key Performance Indicators (KPIs) for supplier evaluation
• Implementing supplier scorecards and performance dashboards
• Continuous improvement and capability development programs
• Managing underperforming suppliers

Day 4: Risk Management and Compliance in Supply Chains

• Identifying and assessing supplier risks
• Developing risk mitigation strategies
• Ensuring regulatory compliance and ethical sourcing
• Crisis management and business continuity planning

Day 5: Innovation and Value Creation through Supplier Partnerships

• Fostering innovation in supplier relationships
• Joint value creation initiatives and cost reduction programs
• Leveraging technology for supplier collaboration and visibility
• Measuring and communicating the value of supplier management

Practical Wins for Participants

• Ability to design and implement a strategic SRM program tailored to organizational needs
• Skills to develop comprehensive supplier performance evaluation systems
• Techniques for identifying and mitigating supply chain risks effectively
• Strategies to drive innovation and create measurable value through supplier partnerships