Optimizing Your Supply Chain: Best Practices for Small and Medium Enterprises - Half-day Class
Small and medium businesses play a critical role in the economy and its growth. They are critical to many large companies and their success. But all too often, the management of these enterprises overlooks the dire need to implement solid systems and best practices into their operations. This 4-hour class will introduce some systems and best practices that are commonly accepted, essential and recommended for the success of a procurement department. The implementation is relatively inexpensive. Most important is the commitment to develop a strategic plan, and to the time it will take to implement the appropriate best practices.
How You Will Benefit:
By the end of the course, participants will gain:
- A firm grasp of the essential building blocks of a purchasing/supplier system
- Motivation and confidence to review the existing purchasing systems with the goal to implement necessary best practices
- Insight into how best practices will improve supplier performance and increase the companies economic profit.
- Awareness of a variety of proven best practices and basic building blocks
Course Outline:
- Introduction (.5 hours)
- Purchasing building blocks
- How to save money
- Best Supply Chain Practices (1.5 hours)
- How they work
- Why they’re important
- Assess Your Own Performance (1 hour)
- Establishing a baseline
- Identifying ‘low hanging fruit’
- Create an Improvement Plan (1 hour)
Who Should Attend:
Anybody involved with suppliers, no prerequisites required