Current segment
Segment 7.6 Achieving Effective Supply Chain Management
Segment 7.6 Achieving Effective Supply Chain Management
Knowledge: Will know and understand | Capabilities: Will be able to |
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The sources of added value and value generation for organisations that can be achieved through effective supply chain management by improving:
|
Identify and practice ways of generatin added value through effective supply chain management |
The collaborative model of supply chain management through partnering and strategic relationship management |
Work with suppliers and other stakeholders to achieve partnering and strategic relationship management to deliver value for the organisation and its supply chain |
The competitive model of supply chain management |
Evaluate circumstances for the application of competitive relationships to improve value in the supply chain |
The importance of establishing insourcing and outsourcing arrangements for works, goods or services |
Demonstrate added value to the organisation through the implementation of either insourcing or outsourcing of work or services |
The development of global procurement, off shoring, low cost country sourcing or onshoring, and how these can bring added value to the organisation and its supply chain |
Demonstrate the added value to the organisation through the implementation of global procurement, off shoring, low-cost country sourcing or onshoring, and identify and mitigate any potential supply chain risks |
The use of segmentation models to assess suppliers |
Apply segmentation models to prioritise and differentiate approaches to supplier relationship management with different tiers or types of suppliers |
The use of business cases and return on investment appraisals |
Develop and apply robust business cases that seek to achieve positive returns on investment from the implementation of supplier relationship management |
The use of supplier relationship management programmes to manage performance |
Implement supplier relationship management to achieve added value outcomes for the organisation taking care to communicate performance and issues with stakeholders |
The use of improvement plans in supplier relationship management |
Ensure supplier relationship management processes are proactively executed to improve performance and service levels of suppliers |
The sources of added value and value generation for organisations that can be achieved through effective supply chain management by improving:
- Prices or total costs
- Timescales
- Quality
- Innovation
- Sustainability or other sources of added value
Identify and practice ways of generatin added value through effective supply chain management
The collaborative model of supply chain management through partnering and strategic relationship management
Work with suppliers and other stakeholders to achieve partnering and strategic relationship management to deliver value for the organisation and its supply chain
The competitive model of supply chain management
Evaluate circumstances for the application of competitive relationships to improve value in the supply chain
The importance of establishing insourcing and outsourcing arrangements for works, goods or services
Demonstrate added value to the organisation through the implementation of either insourcing or outsourcing of work or services
The development of global procurement, off shoring, low cost country sourcing or onshoring, and how these can bring added value to the organisation and its supply chain
Demonstrate the added value to the organisation through the implementation of global procurement, off shoring, low-cost country sourcing or onshoring, and identify and mitigate any potential supply chain risks
The use of segmentation models to assess suppliers
Apply segmentation models to prioritise and differentiate approaches to supplier relationship management with different tiers or types of suppliers
The use of business cases and return on investment appraisals
Develop and apply robust business cases that seek to achieve positive returns on investment from the implementation of supplier relationship management
The use of supplier relationship management programmes to manage performance
Implement supplier relationship management to achieve added value outcomes for the organisation taking care to communicate performance and issues with stakeholders
The use of improvement plans in supplier relationship management
Ensure supplier relationship management processes are proactively executed to improve performance and service levels of suppliers
This segment was last updated on: 21st May 2021