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Supplier Cost Management: Applied Best Practices That Ensure Minimum Total Cost

Certificates associated with this course:

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Executive Education > Courses > Supplier Cost Management: Applied Best Practices That Ensure Minimum Total Cost

Supplier Cost Management: Applied Best Practices That Ensure Minimum Total Cost

Each day of the course will focus on one stage of our three-stage approach to strategic planning.

Day 1

Laying The Groundwork

We’ll start with a focus on leadership, framework and intelligence-gathering for dealing with shifting markets and evolving competitive challenges.

Preparing for strategic leadership

  • Learn to think and act strategically
  • Understand how systems work to effect and to hinder change
  • Become an agent for change

Strategy frameworks

  • The evolution of strategy
  • Principles of complexity thinking
  • Drivers of value creation

Environmental scanning

  • Defining the four-step process
  • Industry analysis
  • Market analysis
  • Corporate analysis

Day 2

Developing Strategy

Next, we’ll work to develop a strategy based on the findings from Day 1.

Company evaluation

  • Assessing your company’s strategic IQ
  • Core values, purpose and culture
  • Validating internal sources of value creation
  • Strategic positioning in the competitive market
  • Defensive and offensive strategies

Strategic growth options

  • Product development and revitalization
  • Mergers, acquisitions and alliances
  • Competitive and differentiation strategies
  • Customer strategies

Day 3

Implementation Guidelines

During this final session, we’ll focus on effective ways to convert your strategic visions into concrete action.

Aligning the organization

  • Communicate vision, strategy and objectives
  • Develop communication and influence networks
  • Manage distinctive competencies
  • Handle resistance to change

Establishing connections

  • Measurement criteria
  • Tools and support mechanisms
  • Marketing course initiatives

Creating an action plan

  • Generate a sense of urgency
  • Allow for dynamic flexibility

Schedule

Evening before course — Optional dinner for those arriving early
Day 1 — 8:00 a.m. – 4:30 p.m. Registration and Session
Day 2 — 8:15 a.m. – 4:30 p.m. Session
Day 3 — 8:15 a.m. – 3:15 p.m. Session

The University of Wisconsin–Madison, as a member of the University Continuing Education Association (UCEA), authorizes this course for 2.1 Continuing Education Units (CEUs) or 21 hours.