Process Improvement 101
Tackling process improvement within your procurement department is not only feasible but impactful and measurable if done correctly. With the right methodology and understanding, you will not only be able to report efficiency gains in all aspects of procurement but also profit from all of the long-term benefits of process improvement which grow exponentially. Each step written within this course was not only learned in school but also acquired through experience in the field that can be applied to any industry.
Our thorough and interactive online course, Process Improvement 101, makes it clear and possible to find, analyze, and solve process inefficiencies that can truly elevate your procurement department. This course will help you add up wins for procurement through this course’s step-by-step guidance, real-world examples, and various proven approaches to tackling the complex and challenging process improvements that arise.
Upon completing this course, you will be able to:
- Implement process improvements from 5 different proven approaches
- Understand and measure the benefits of process improvements
- Increase profitability
- Increase savings through efficiency gains
- Ensure a competitive edge in a changing world
- Minimize financial risk and increase compliance
This is a self-paced course with no instructor-led forum and you have 30 days from registration to complete all course elements. It should take you approximately one hour to review the material and take any quizzes. All readings are provided in the course.
This course has been pre-approved for 1 hour of CE credit towards the CPOS, CPOP, CPOM, and CPOE certifications.
Exemplary Supply Chain Social Responsibility
Unless you are managing your supply chain in the most socially responsible way, you are risking getting your organization into trouble. Getting bad publicity, losing customers, and being subject to criminal consequences are just a few of the risks that your organization can face when its procurement professionals are unaware of constantly changing social responsibility principles. Exemplary Supply Chain Social Responsibility will teach you the wide variety of details that can take a supply chain organization from clueless to industry-leading. Upon completing this course, you will be able to:
- Align your supply chain social responsibility program with your industry
- Identify a variety of social issues potentially influenced by procurement
- Incorporate social responsibility into your supplier selection scorecard
- Understand how a supplier code of conduct is used as the foundation of a supply chain social responsibility program
- Apply guidelines for writing your own supplier code of conduct and how to use an outline for getting started
- Apply your supplier code of conduct to tier 2 suppliers
- Understand what the California Transparency in Supply Chains Act is, whether or not it applies to your organization, and how to comply with it
- Understand how organizations address supplier occupational safety to avoid both physical and public relations disasters
- Make specification, shipping, and packaging decisions that are more environmentally-friendly
- Avoid buying conflict minerals and comply with conflict minerals laws like the Dodd-Frank Act
- Audit suppliers for compliance to contracts and your supplier code of conduct
- Identify supplier audit failures and the corrective action to take for each classification
This is a self-paced course with no instructor-led forum and you have 60 days from registration to complete all course elements. It should take you approximately 8 hours to review the material and take any quizzes. All readings are provided in the course.
This course has been pre-approved for 8 CEHs.
Strategic Supplier Diversity Best Practices
Supplier diversity has evolved. It is more than just a “check-the-box” function in today’s socially responsible business world. When best practices are implemented, supplier diversity can be a strategy to improve customer attraction, employee retention, competitive advantage, and other important aspects of organizational performance. There is finally a roadmap to take your supplier diversity program from a basic level to a strategic one. Strategic Supplier Diversity Best Practices will take you from the first steps in implementing a program to making a measurable impact on your organization and the external world. Upon completing this course, you will be able to:
- Apply a five-level maturity model for supplier diversity initiatives
- Thwart any pushback that a supplier diversity program receives
- Apply two models for calculating supplier diversity return on investment
- Apply a five-step process for maximizing supplier diversity value
- Cultivate “supplier diversity champions” throughout your organization
- Identify features to consider when investing in supplier diversity technology
- Apply the nine benefits of automated supplier diversity tracking and reporting
- Implement a supplier diversity compliance process
- Identify supplier diversity fraud and verify whether a supplier is truly a diverse supplier
- Understand how a multi-tier supplier diversity program works
- Implement a second-tier supplier diversity program
This is a self-paced course with no instructor-led forum and you have 60 days from registration to complete all course elements. It should take you approximately 8 hours to review the material and take any quizzes. All readings are provided in the course.
This course has been pre-approved for 8 CEHs.
Supply Risk and Sustainability Management
From cyberattacks to natural disasters to supplier insolvency and global pandemics, supply lines are always at risk to varying magnitudes of disruption—and at times with catastrophic consequences. Operational volatility, uncertainty, complexity, and ambiguity are the new normal. Learn the effective supply disruption management tools, systems, and skills to deploy effective countermeasures in the face of supply disruption. Upon completing this course, you will be able to:
- Evaluate the impacts of disruption on the total cost of ownership and total cost to serve
- Develop supply risk strategies and tactical and operational plans
- Leverage change management and transformative tools to realize risk, resilience, and supply sustainability management goals
- Implement supply risk strategies
- Manage the psychological toll of national or global disasters on supply management teams
- Anticipate, respond, and recover from supply disruption
This is a self-paced course with no instructor-led forum and you have 60 days from registration to complete all course elements. It should take you approximately 8 hours to review the material and take any quizzes. All readings are provided in the course.
This course has been pre-approved for 8 CEHs.
Supply Management Executive Leadership
The Supply Executive Leadership Model serves as a road map for senior supply management leaders to transform their operations to support strategic objectives, enhance customer value, and implement pre-emptive measures to reduce supply risks. Learn the tools, systems, and skills to lead successful supply management transformations with confidence. Upon completing this course, you will be able to:
- Lead a corporate strategic planning process
- Sustain procurement function transformation
- Design and execute a procurement function strategy
This is a self-paced course with no instructor-led forum and you have 60 days from registration to complete all course elements. It should take you approximately 8 hours to review the material and take any quizzes. All readings are provided in the course.
This course has been pre-approved for 8 CEHs.
Finance for Strategic Procurement (Advanced)
Whether you are selecting a supplier, negotiating payment terms, comparing lease and buy options, or making other typical procurement decisions, there are finance-based approaches that CEOs and CFOs will expect you to be following. Finance For Strategic Procurement (Advanced) will help you apply to your procurement decisions the same financial approaches that CFOs will use to evaluate those decisions. As a result, your decisions will be respected and many potential mistakes will be avoided. Upon completing this course, you will be able to:
- Calculate the financial impact of changed payment terms
- Understand the financial implications of using P-cards
- Avoid payment pitfalls, such as those involving approval problems and overpayments
- Understand how purchases are justified by finance executives
- Understand how the time value of money concept should factor into procurement decisions
- Make repair vs. replace decisions
- Make lease vs. buy decisions
- Understand how budgeting works for a procurement department’s internal customers
- Apply costing principles that apply to procurement
- Evaluate suppliers’ financial health using comparative financial statements, ratio analysis, and the Altman Z-Score
- Understand the importance of audited supplier financial statements, including alternatives to auditing
This is a self-paced course with no instructor-led forum and you have 60 days from registration to complete all course elements. It should take you approximately 8 hours to review the material and take any quizzes. All readings are provided in the course.
This course has been pre-approved for 8 CEHs.
