Unlocking Value in Supplier Relationships
Overview
Welcome to our Rebate Management Training Program, designed exclusively for procurement professionals. Elevate your skills and enhance your ability to manage supplier relationships effectively through our comprehensive training modules.
Duration
1 day either face to face or broken into 3 x 90 minute modules
Suggested participants
Category managers, category specialists, sub-category managers and procurement professionals who are responsible for a significant level of spend.
What you will get
All course attendees will receive a complete suite of support resources – templates and reference material – to ensure a consistent approach to rebate management is embedded into your organisation.
Course Content
Objectives:
- Identify different rebate types for various commercial situations.
- Outline common terms, conditions, and key players in the rebate process.
- Describe the rebate lifecycle from offer creation to payment.
Teaching Focus:
- Define rebate types (cash, product, service, tiered) and introduce terms and conditions.
- Highlight benefits of rebates for consumers and businesses.
- Identify stakeholders, roles, and responsibilities through RASCI.
Objectives:
- Use rebates as a performance management tool linked to KPIs.
- Discuss common challenges and the role of technology in maximizing returns.
Teaching Focus:
- Define performance metrics crucial to success.
- Incorporate two-way KPIs for trust and commitment.
- Strategically manage rebates through a centralized repository.
- Utilize forecasting and reporting tools to maximize rebate value.
Objectives:
- Explain how rebates influence supplier and stakeholder behavior.
- Discuss integrating rebates into joint account planning for strategic goals.
Teaching Focus:
- Explore behavioural dynamics of rebates from both perspectives.
- Align rebate strategy with broader business goals.
- Collaborate on product/service roadmaps for mutual benefits.
How is it delivered?
Training is delivered through three key activities, to ensure students are engaged and they applying their learnings:
Workshop: Instructor-led 90 minute session in an interactive and engaging format (virtually or in-person).
Assignments: Students apply the module’s content to the job by completing a set of assignments, 1-2 hours to complete. This on-the-job activity should ideally be focused on a live supplier relationship to make the training relevant and bring its value to life.
Coaching: Throughout the assignment period, students get access to the course leader for 1:1 coaching support (30 minutes for each course module) to build on their understanding and ensure effective implementation.
What Sets Our Rebate Management Training Apart
- Expert-Led: Learn from industry experts with extensive experience in rebate management.
- Practical Focus: Gain actionable insights and strategies applicable to real-world scenarios.
- Interactive Learning: Engage in discussions, case studies, and practical exercises.
- Performance Enhancement: Link rebates to KPIs, maximizing value and minimizing disputes.
- Technology Integration: Explore tools to streamline rebate processes and minimize risks.
Leading global bank chooses State of Flux as a training partner
Training enhances stakeholder engagement and adds value to leading global bank.
Operating a complex and regulated environment, our client focuses on increasing value and managing risk in its supply chains through investing in SRM training.
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