Creating Efficiency in the Supplier Management Process
Webinar Details $219
- Webinar Date: December 4, 2023
- Webinar Time: 2:00pm - 3:40pm EST live
- Webinar Length: 100 Minutes
- Guest Speaker: Kevin Giblin
- Topic: Purchasing
- Credit: ISM 1.5, ATAPU 1.5
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.
- Introduction 00:01:
- Kevin Giblin - Biography 00:01:43
- Today’s Agenda 00:02:31
- Today’s Learning Objectives 00:05:07
- Supplier Management Process 00:07:10
- Traditional Role - Supplier Management 00:07:46
- Functional Evolution - Supplier Management 00:09:02
- Supplier Management Process - Today’s Challenges 00:13:38
- Operational Challenges 00:14:19
- Management Challenges 00:15:13
- Efficiency Challenges 00:16:14
- Overcoming Challenges 00:20:21
- Supplier Management Process - Elements Of The Function 00:25:50
- Typical Supplier Management 00:24:04
- Segmentation 00:27:09
- Three-Dimensional Segmentation 00:29:56
- Three-Dimensional Segmentation 00:31:07
- Supplier Relationship Maturity 00:32:27
- Supplier Management Success Factors 00:35:45
- Supplier Management Process - Dimensions of Supplier Management 00:40:32
- Supplier Management = Risk Management 00:40:41
- The “Impact Tree” of Risk Mitigation 00:44:34
- Risk Due Diligence 01:45:47
- Technology-Related Risks 00:48:25
- Financial and Operational Risk 00:52:41
- Supplier Viability Risk 00:55:40
- Prioritizing Risk 00:57:55
- Supplier Management Process - Tools for Efficient and Effective Supplier Management 00:59:53
- The “Manage and Measure” Checklist 01:00:55
- “Forward-Looking” Performance Insight 01:03:09
- “Actionable” Measurement 01:08:10
- Supplier Management Process - Data-Driven Decisions 01:12:33
- Managing Data = Improved Supplier Management - Flow Chart 01:12:40
- Managing Data = Improved Supplier Management 01:16:50
- Data-Driven Supplier Management Approach 01:17:38
- Information Dashboard 01:18:57
- Supplier Management Process - The Bottom Line 01:22:14
- Key Elements of An Efficient Program 01:22:32
- Seizing The Moment 01:25:03
- Investing in Supplier Management 01:28:52
- Efficient Supplier Management Makes A Difference! 01:33:43
- Attendee Questions 01:35:21
- Presentation Closing 01:40:35
- Bankruptcy 00:14:34
- Chart of Accounts 01:15:30
- Commodity 00:24:27
- Contract 00:07:46, 00:17:45, 00:38:39, 00:57:17, 01:10:08
- Cost 00:42:52, 00:47:36
- Inventory 00:44:20
- Procurement 00:03:37, 00:09:19, 00:16:32, 00:20:40, 00:50:05, 01:26:00
- Request for Proposal (RFP) 00:10:30, 00:56:33
- Risk Mitigation 00:11:01, 00:40:47, 00:44:37, 01:31:17
- Supplier 00:02:45, 00:04:22, 00:11:16, 00:12:56, 00:16:25, 00:24:35, 00:27:42, 00:36:11, 00:41:44, 00:47:46, 00:56:19, 01:05:14, 01:23:33
- Supplier Segmentation 00:04:29, 00:24:09, 00:27:09, 00:46:06, 01:33:19
- Supply Chain 00:24:59, 01:25:41
- Supply Chain Intelligence 01:17:50
- Supplier Relationship Management 01:28:59
Bankruptcy: is a legal proceeding in which a debtor declares their inability to pay back their creditors.
Chart of Accounts: Chart of Accounts is the complete list of all the company’s accounts and balances. In QuickBooks, it represents and organizes the company's assets, liabilities, income, and expense. QuickBooks automatically creates your chart of accounts based on the industry and type of company you choose when creating your company file. If you just created your file, make sure to record the accounts' opening balances.
Commodity: A basic good used in commerce that is interchangeable with other goods of the same type.
Contract: A written or spoken agreement, especially one concerning employment, sales, or tenancy, that is intended to be enforceable by law.
Cost: The sum of the applicable expenditures and charges directly or indirectly incurred in bringing an article to its existing condition and location
Inventory: A company's inventory typically involves goods in three stages of production: raw goods, in-progress goods, and finished goods that are ready for sale. Inventory or stock refers to the goods and materials that a business holds for the ultimate goal of resale, production or utilization.
Procurement: Procurement is the process of finding and agreeing to terms, and acquiring goods, services, or works from an external source, often via a tendering or competitive bidding process. Procurement is used to ensure the buyer receives goods, services, or works at the best possible price when aspects such as quality, quantity, time, and location are compared.
Request for Proposal (RFP): A request for proposal (RFP) is a document that solicits proposal, often made through a bidding process, by an agency or company interested in procurement of a commodity, service, or valuable asset, to potential suppliers to submit business proposals.
Risk Mitigation: Risk mitigation involves taking action to reduce an organization's exposure to potential risks and reduce the likelihood that those risks will happen again.
Supplier: A supplier is an entity that supplies goods and services to another organization. A supplier is usually a manufacturer or a distributor. A distributor buys goods from multiple manufacturers and sells them to its customers. Similar Terms. A supplier is also known as a vendor.
Supplier Relationship Management (SRM) : Supplier relationship management is the discipline of strategically planning for, and managing, all interactions with third-party organizations that supply goods and/or services to an organization The objective of SRM is to maximize the value of those interactions.
Supplier Segmentation: The process of allocating suppliers into distinct groups so that limited resources can be allocated to manage them effectively.
Supply Chain: A supply chain is a network between a company and its suppliers to produce and distribute a specific product to the final buyer. The supply chain also represents the steps it takes to get the product or service from its original state to the customer.
Supply Chain Intelligence: Supply Chain Intelligence is an AI-based optimization and automation solution designed for organizations struggling to solve supply chain disruptions through traditional transformation.