“Advanced SRM: Unlocking strategic supplier value”
Overview
This off-the-shelf training solution can be used as-is or tailored based on the key development opportunities identified in a capability assessment, equipping your team with the necessary skills to deliver value from strategic relationships.
Great importance is placed on creating a learning experience that is engaging, relevant, and transferrable to the job – using your organisations own supplier relationships as case studies and apply everything taught to those supplier relationships.
Suggested participants
Supplier managers who are responsible for oversight and management of key suppliers in the supply chain.
Category managers, category specialists, sub-category managers, risk management and procurement professionals who are responsible for a significant level of spend.
Duration
> Virtual: 4 x 150 minutes instructor led webinars + individual coaching
Learning Objectives
Ensure your team has the strategic mindset and excellent communication skills necessary to articulate the value proposition, engage stakeholders, and deliver value.
The content and format of our supplier management training have been shaped through the findings of our global research into supplier management best practices. Over thirteen years of performing global research, with findings from hundreds of companies, it is clear that companies that implement well-structured supplier management programmes gain access to a range of ‘customer of choice’ benefits that include greater supplier commitment, collaborative problem solving, preferential pricing and priority access to people, resources and capacity.
Course Content
The nine-module curriculum provides a ready-made way to deliver effective, results-based Supplier Management Training.
Modules 1 to 4 apply to all supplier relationships (typically tier 1 and 2) where the focus is on contract, performance and risk management. The content also addresses lifecycle management and governance of a supplier relationship - as well as stakeholder management across the customer-supplier relationship.
Modules 5 to 7 are more relevant to truly strategic (typically tier 1) suppliers where the focus is on joint strategy development and creating new value. The behavioural aspect of SRM, specifically influence, trust and communication skills are covered in Module 7 and as an embedded topic throughout the program.
Modules 8 to 9 examine how to stimulate and manage supplier innovation in detail as a specific form of value creation in an SRM context, and also sustainability considerations in understanding the major types sustainability risk in the supply chain and how we can manage them.
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, taking 1-2 hours per module 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 to build on their understanding and ensure effective implementation.
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 SRM is embedded into your organisation.
Accreditation
Our market-leading and modular curriculum can be accredited by WCC "Advanced Practitioner" level.
Note: Additional cost applies for WCC membership and accreditation’
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.
SPECIALISED TRAINING AND DEVELOPMENT OFFERINGS
