A supply market analysis study provides insights about your supplier’s industry.
The analysis enables organisations to develop a detailed understanding of key trends, major players, and overall market dynamics that could influence the development of the commodity strategy e.g. route to market, letting strategy. Supply Market Analysis gives an organisation a competitive advantage in the marketplace and significantly reduces overall procurement costs.
Course Objectives of Supply Market Analysis
Identify ways to manipulate markets to deliver significant cost, value and risk improvement
Use market knowledge to extract additional value from deals
Build an understanding of market economics and market drivers
Use market knowledge to boost confidence when discussing procurement with suppliers and to demonstrate commercial acumen
Day 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
Day 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
Day 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
Day 4
Identifying Suppliers Offering Competitive Advantage and Value
IT Systems and e-Procurement
Make / Buy Decision
Addressing Quality Issues
Overdue Orders
The Payment Process
Day 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
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