Supply Base Management
Overview
The way you choose to source the various products and services needed to support your business’ operations can have a significant impact on business performance, affecting quality, speed, and your business’ ability to innovate. In other words, sourcing has a great deal to do with the success or failure of your broader business strategy. If you’re not actively evaluating your suppliers, monitoring costs and metrics, expanding your supplier network, and vetting potential new opportunities and sources, you’re not creating the kind of sustainable competitive advantage that benefits your organization and your career.
Discover how to foster collaborative supplier relationships, develop the skills and knowledge base to optimize your supply base and effectively manage supply risks through this engaging Supply Base Management course, featuring:
- Advanced supply base management applications
- Newly enhanced course and video content
- Expanded live sessions
- Enhanced interaction in an online learning environment
Learn from Experts in the Field
Experience thought leadership in supply base management, design and optimization with Professor Anand Nair, Supply Base Management Course Instructor and graduate-level faculty in MSU’s top-ranked supply chain management program.
What You’ll Learn
Supply Base Design and Management
- Which supply base design best suits your needs
- How to identify, evaluate and enhance the performance of suppliers
- Ways to compare existing suppliers to potential suppliers
- The characteristics of effective assessment systems
- Ways to create resiliency and market responsiveness for your organization
Supplier Selection
- Best practices for locating and vetting potential suppliers
- How to link sourcing strategy to selection criteria
- What site visits and financial analysis can tell you about suppliers
- Why the right mix of suppliers opens the door to innovation
Supply Base Optimization
- How supply base optimization creates sustainable competitive advantage
- Different approaches and real-world examples of supply base optimization
- How to establish a supply base profile
Supplier Development and Relationship Management
- Reactive vs. proactive approaches
- How to determine the right type of relationship – portfolio approach
- Keys to collaborative supplier relationships
- How to improve supplier contributions and performance
Cost Management and Cost Modeling
- Ways to work with suppliers to drive the lowest cost solution
- Cost terminology and cost classification
- Supplier pricing and basic cost models
- Cost reduction and cost avoidance
- Ways to manage changes in your cost structure
- The strategic profit model
- Total cost of ownership/life cycle cost models
- Targeting cost and early supplier involvement
Supply Risk Management
- Which factors contribute to supply risk
- What to do about supply disruption
- How to manage cost/price volatility
- Ways to create supply chain security
- How to address sustainability and corporate social responsibility
Who Should Register?
Supply Base Management is ideal for procurement and sourcing professionals looking for new and innovative ways to positively impact every aspect of the supply base. It is open to anyone who wants to improve supplier relationships, optimize supply base design, and add resiliency and speed to market as competitive advantages. It is a required course for completing the Master Certificate in Advanced Procurement Management.
Curriculum
8 Week Course
Introduction to Sourcing Strategy Development
- Introduction to Sourcing Strategy Development
- Assessing Value Potential
- Analyzing the Supply Market: Supply Market Complexity
- Analyzing the Supply Market
- Selecting a Strategy
- Market Dynamics: PEST Analysis
Introduction to Supply Base Management and Supplier Assessment
- Importance of Supply Base
- External Spend
- Evolution of Purchasing Focus
- Supplier Evaluation and Assessment
- Potential Supplier Identification and On-Site Assessment
- Supplier Evaluation and Assessment: Financial Health
- Supplier Evaluation and Assessment Example: Financial Health
Supplier Assessment
- Supplier Evaluation and Assessment: Bringing Multiple Criteria Together
- Supplier Evaluation and Assessment: Current Suppliers
Building a World-Class Supply Base
- Supply Base Optimization
- Supplier Development
- Supplier Relationships
Collaborative Supplier Relationships and Introduction to Cost/Price Management
- Collaborative Supplier Relationships
- Tools for Facilitating Collaborative Relationships
- Principles of Cost/Price Management
Should Cost Modeling
- Cost/Price Management Tools: Should Cost Models
- Cost/Price Management Tools: Learning Curve Model
- Cost/Price Management Tools: Parametric Cost Models
Supplier Involvement in NPD and Ethics in Supply Base Management
- Supplier Involvement in New Product Development
- Managing Supply Risk
- Managing Supply Risk Tools and Techniques
Managing Supply Risk
- Managing Supply Risk: Corporate Responsibility
- Managing Supply Risk: Corporate Social Responsibility
- Ethics in Supply Base Management
- Supply Chain Finance
- Digital Procurement
If you’re going to pay by credit card, you can either get started with installment payments or pay in full. Just let your enrollment representative know the option that work best for you.
Corporate and Military Tuition Assistance
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Corporate and Military TA
Corporate tuition assistance is paid by your employer. You will need to provide appropriate forms for processing, prior to enrollment. Air Force tuition assistance is available for active-duty service members. You will need to provide a valid military tuition assistance voucher. Both TA options are subject to employer benefit policies.
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Deferred Corporate TA
Pay tuition now and have your employer reimburse you. Additional documentation will be needed to process this payment. Subject to employer benefit policies.
Military Benefits
Active Duty
Michigan State offers a 15% savings, per certificate course, to active-duty servicemembers, Guardsmen and Reservists (upon verification of military status).
Veterans
Michigan State offers a 15% savings, per certificate course to veterans (upon verification of military status).
Spouses and Family
Michigan State offers a 15% savings, per certificate course, to active-duty servicemembers, veterans, Guardsmen, Reservists and their spouses and dependents (upon verification of military status).
If you are interested in learning more about the steps you need to complete payment, please contact a Student Success Representative. This reduction is valid off the standard tuition fee rate of the listed courses offered by Michigan State University with online administration by Bisk. This reduction is not stackable with other reductions, and you may not use this reduction in conjunction with other reductions.
