Supply Market Analysis Course

Course Objectives

By the end of this course, participants will:

• Understand the fundamentals of supply market analysis and its importance in strategic sourcing.
• Learn to identify and evaluate key market drivers, trends, and risks.
• Develop skills to assess supplier capabilities and performance.
• Gain insights into competitive market analysis and benchmarking.
• Understand how to leverage supply market analysis to make informed procurement decisions.
• Learn to create and implement effective supply market analysis reports and strategies.

Course Outline:

Module 1: Factors Impacting Supply and How they Affect Bargaining Power

• What is the goal of Supply?
• Developing the Strategic Supply Plan
• An Overview of the Supply Process
• Procurement as Part of the Supply Chain

Module 2: Understanding how Typical Markets Operate on a National and International Basis

• Supplier Strategy
• The Coordination Strategy
• The Purchasing Organization
• Vertical Integration
• Alliances and Partnerships
• Developing Knowledge of Market Economics and Market Drivers

Module 3: Conducting Structured Assessment of the Current and Future Market Trends

• Supplier Involvement
• Value Analysis
• Quality Assurance
• Supplier Selection
• Supplier Rating and Ranking
• Contract Management

Module 4: Identifying Suppliers Offering Competitive Advantage and Value

• IT Systems and e-Procurement
• Make / Buy Decision
• Addressing Quality Issues
• Overdue Orders
• The Payment Process

Module 5: Manipulating Markets to Deliver Significant Cost, Value and/or Risk Improvement to the Business

• Identifying The Lowest Cost Supplier
• Supplier Performance Measurement
• Selecting The Most Appropriate Ordering Process
• Policies and Procedures