CILT Endorsed Supply Chain Risk Management
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CILT Endorsed Supply Chain Risk Management Course
Introduction:
Welcome to the Category Management course, where we will explore a new approach that maximizes value from procurement by combining traditional techniques with newer tools, techniques, and approaches. In this course, you will gain a comprehensive understanding of the Category Management methodology and learn how it can be effectively applied in World Class companies.
Category management originated in the retail industry as a method to manage inventory based on profitability and customer segmentation. Over time, its value has been recognized across various industries as a powerful tool for organizing and managing suppliers and products. By leveraging category management principles, organizations can optimize their procurement processes and enhance overall performance.
Throughout this course, we will delve into the key concepts and strategies of category management. You will learn how to effectively analyze and segment your procurement spend into categories based on common characteristics and objectives. This segmentation enables you to develop tailored strategies and approaches for each category, maximizing value and driving better outcomes.
We will explore various techniques and tools used in category management, including supplier relationship management, demand forecasting, strategic sourcing, and performance measurement. By applying these techniques, you will be able to establish strong relationships with suppliers, anticipate demand, optimize sourcing decisions, and measure supplier performance effectively.
Additionally, this course will provide you with real-world examples and case studies from World Class companies that have successfully implemented category management. These examples will illustrate the practical application and benefits of category management in different industries, further enhancing your understanding and providing you with valuable insights.
By the end of this course, you will have the necessary working knowledge to implement category management in your organization. You will understand how to effectively organize and manage suppliers and products through the application of category management principles. This knowledge will enable you to optimize procurement processes, increase efficiency, and drive value for your organization.
Whether you are a procurement professional, supply chain manager, or involved in procurement operations, this course will equip you with the skills and knowledge to excel in category management. Join us on this transformative journey to unlock the full potential of category management and revolutionize your procurement practices.
Course Objectives:
Upon the successful completion of this course, participants will be able to:-
- Apply a thorough understanding of category management in procurement.
- Identify, analyze and evaluate procurement opportunities.
- Understand the keys aspects in category management.
- Use tools and techniques to improve organization’s competitiveness.
- Apply the knowledge in procurement and supply chain in organizational improvements.
Who Should Attend?
This training course is suitable for a wide range of professionals but will greatly benefit:
- Procurement, Buyers and Purchasing Professionals
- Those Who Need to Maximize Value from Procurement and the Supply Chain
- Those Who Need an Understanding of the Relationships Between Risk, Cost, and Service in Supply Chains
Course Outlines:
Understanding Procurement and Category Management
- Procurement and purchasing definitions
- Category Management definitions
- The evolution of Category Management
- Category grouping overview
- The aspects to be considered in category groups
- Category Management structures
Maximizing Value and Procurement Excellence using Varied Routes
- The procurement excellence roadmap
- Why should we use Category Management in procurement?
- Evolution of category management
- How category management improves the value
- The outcomes to maximize value from procurement
- The value opportunities that come from using Category Management
Understanding the Supplier Sourcing and Selection Routes
- Traditional purchasing revisited
- Value and risk analysis
- The model in identifying inventory classification
- The Category management and value opportunities
- Best price evaluation
- Understanding collaborative supplier management\
Recognizing and Overcoming the Barriers to Category Management
- Common barriers and challenges
- Overcoming such barriers
- Best Practice in the implementation of new ideas
- Managing price-sensitive products
- Economic Order Quantity
- Criticality Analysis
Category Management and Rethinking the Supply Chain
- Supply chain futures, predictions and what needs to done
- The improvements for re-engineering end to end supply chains
- Supply chain excellence and shareholder value
- The steps to supply chain excellence
- Developing the supply chain strategy
- Supply chain strategy best practice