Supply Chain Seminars
"I came into the Lean Supply Chain (program) with one question. I came out with that question answered, but many more to ask of my senior leadership team. Excellent."
Join faculty and key industry professionals to expand your understanding of strategic supply chain management. Focus on current issues impacting your performance, to help your business run more efficiently, effectively, and ethically.
Contact Executive Education to learn about customized sessions!
Location: Loyola's Water Tower Campus
1 E. Pearson, Chicago, Illinois 60611, conveniently located just off of Michigan Avenue
Overview: Supplier Relationship Management (SRM) in the Global Supply Chain
Continuous improvement across the end-to-end supply chain is necessary to remain competitive in today's global economy. A supply chain is not just contained within a company’s operations team, but extends to an organization’s suppliers, and the supplier’s suppliers. To address significant changes occurring in the relationship between purchasers and sellers in organizations with complex supply chains, smart companies are committing to developing methodical approaches to their Supplier Relationship Management (SRM), the process of providing an organizational focus for communicating and collaborating with key suppliers. Committing to SRM has numerous benefits for both the buying and selling organizations, including reduced inventory lead times, possession of goods and services, lowered transportation costs, overall decrease in total cost of acquisition, and increased profit margins. For a moderate investment, SRM can provide a significant competitive advantage.
During this program, participants will:
- Identify the key tenets of Supply Relationship Management and the critical elements to improve supplier relationships
- Recognize the importance of SRM to continuous improvement
- Understand the significance of early supplier involvement and the importance of strategic sourcing
- Learn practical segmentation and total cost of ownership models for one's supplier base
- Explore the process of creating strategic alliances
- Learn best practices for qualifying, measuring, and recognizing suppliers
Who Should Attend
This session is designed for supply and value chain professionals who wish to improve their understanding of Supplier Relationship Management. Managers and professionals involved in purchasing, projects, contracts, inventory management, operations, maintenance, engineering, quality control and other activities that expose them to dealings with suppliers are especially encouraged to attend. This program is essential to those who want to improve the supplier relationship for the benefit of the enterprise.
To benefit most from this program and to foster a rich exchange of ideas among a diverse group of peers, participants should work in the supply chain and have several years of full-time work experience.
Experienced professionals who are currently in transition will also find this program valuable. This workshop offers these individuals an opportunity to update skills, stay abreast of current trends in Supply Chain Management, and demonstrate to hiring managers a dedication to professional development.
Participants represent a wide variety of industries and organizations, including medium- to large-sized corporations, non-profits, government agencies, and small businesses.
Program Learning Objectives and Content
- Lay the foundation for effective SRM in your organization; identify key benefits and barriers to integration
- Recognize opportunities to improve your current supplier relationships
- Determine where to start the integration process through strategic sourcing
- Examine key aspects of SRM, including segmenting the supplier base, defining alliances, the alliance process, and key steps to achieving a successful alliance
- Define your organization's purpose in building supplier relationships and develop the communication and credibility skills required to build stronger relationships
- Using case studies, discuss ways to select, qualify, and monitor high-quality supplier performance
Supply Chain Seminars are taught by leading instructors from Loyola’s Quinlan School of Business, home of the nationally ranked part-time MBA program. Loyola Executive Education faculty are in great demand as consultants to corporations, non-profits, and government agencies throughout the region and around the world. The faculty are skilled in making business concepts and skills readily understandable and immediately useful to you. To do this, they engage you in dialogue about your experiences and how what you are learning can be applied on the job. This makes the program personally relevant and focused on real-world results.