What You Will Learn:
*How to work with internal customers and clients
*How to engage in early supplier involvement and supplier development
*How to build supplier relationships through alliances and partnering
*The 3 questions of strategic supply planning
*How to conduct supplier surveys and supplier visits
*How to control all important quality standards
*How to perform supplier qualification and due diligence
*How to negotiate for supplier improvements on a win/win basis
*How to rate, assess, and evaluate suppliers through a performance report card or measurement system
*How to reduce, rationalize, and optimize the supply base and implement the process
*How to deal with sole sources and limited competition
*The criteria for evaluating third party service providers
*The use of internet technologies and the impact on the supply base
*How to establish and report a value-added cost savings/avoidance accrual methodology
*Define the 4 types of supplier relationships and the 5 categories of suppliers
*Apply the 10 phases of Value Analysis for cost reduction opportunities
*20 cost-reduction opportunities available to your organization
*Define the 6 ways to add purchase value instead of cost
*Achieve good supplier relationships through 10 better negotiating tips.
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