Course Overview
Supply Market Analysis is an essential process for procurement professionals, aimed at understanding the market dynamics, supplier capabilities, and competitive landscape. This course provides comprehensive knowledge and skills to conduct effective supply market analysis, helping organizations make informed sourcing decisions and gain a competitive edge.
Course Duration
5 Days
Who Should Attend
- Procurement and supply chain professionals
- Category managers
- Strategic sourcing managers
- Supply chain analysts
- Business analysts
- Anyone involved in procurement and supply chain decision-making
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
Customized Training
This training can be tailored to your institution needs and delivered at a location of your choice upon request.
Requirements
Participants need to be proficient in English.
Training Fee
The fee covers tuition, training materials, refreshments, lunch, and study visits. Participants are responsible for their own travel, visa, insurance, and personal expenses.
Certification
A certificate from Ideal Sense & Workplace Solutions is awarded upon successful completion.
Accommodation
Accommodation can be arranged upon request. Contact via email for reservations.
Payment
Payment should be made before the training starts, with proof of payment sent to outreach@idealsense.org.
For further inquiries, please contact us on details below:
