Using A Guided Learning Format
Guided Learning gives you small tasks to complete at your own pace.
Each week, key learnings culminate in a live webinar with an ISM® subject matter expert.
This unique, self-directed course lets you practice what you learned through activities tailored to this learning style.
Study at home, the office or anywhere that works for you. Set aside a little time each week to complete the exercises, daily or all at once.
Supply Management Core is for supply management professionals preparing to take the CPSM® Exam.
In this course, participants gain an understanding of the following areas:
Updated in 2018 to ensure today’s supply management professional is equipped to meet the challenges of a changing profession.
The Supply Management Core exam assesses critical competencies for the supply management professional. Candidates will demonstrate their competency in:
- Category Management
- Legal and Contractual
- Supplier Relationship Management
- Cost and Price Management
- Financial Analysis
This Guided Learning is a self paced course with live one hour webinars (if you are not able to participate they are recorded and available for playback) on:
02/04/19 3:00- 4:00 PM CT
02/11/19 3:00- 4:00 PM CT
02/18/19 3:00- 4:00 PM CT
02/25/19 3:00- 4:00 PM CT
03/04/19 3:00- 4:00 PM CT
This online course will be guided learning for the entire Task list on the CPSM Exam 1; consisting of facilitated sessions, micro-learning1 multimedia, CPSM® Study Guide, summary worksheets and sample test questions.
These sessions will be spread over a series of weeks allowing the participant to manage their own schedule.
ISM’s program has the added benefit of providing many best practices, developed by subject matter experts, which can be applier immediately in the participant’s organization.
Learning Objectives for this course:
- Assess stakeholder needs and organize into sourcing plans
- Analyze and advise on feasibility of internal customer requests
- Analyze potential sources of products or services
- Determine methods to process requirements for goods or services based on cost, timing, existing contracts and competitive bidding, as appropriate
- Conduct analyses to develop insourcing or outsourcing strategy
- Identify and implement technologies to support supply management
- Leverage spend through the identification, development and execution of sourcing strategies
- Implement strategic sourcing plans aligned with organizational and stakeholder objectives
- Prepare solicitations for competitive bids, quotations and proposals with pertinent specifications, terms and conditions
- Evaluate competitive offerings to identify the overall best offer for a product or service
- Create a category management plan to meet the organization’s key objectives
- Execute a category management plan
- Prepare negotiation plan that aligns with organizational objectives
- Prepare and develop strategies and tactics for negotiations
- Lead, conduct and support negotiations with suppliers
- Manage the preparation of contracts/purchase orders
- Award contracts to suppliers
- Administer contracts and/or purchase orders from award to completion or termination
- Perform or obtain legal review of contracts and other supply management documents
- Generate and follow supply management processes to ensure legal compliance
- Develop supplier qualification plans to assure components, materials and suppliers meet specified requirements
- Develop and manage effective relationships with suppliers
- Conduct supplier performance evaluations
- Conduct regular business reviews with suppliers
- Identify opportunities and benefits for rationalizing the supply base
- Identify opportunities to drive supplier innovation
- Develop and implement supplier exit strategies
- Review supplier performance against negotiated service level agreements (SLAs)
- Resolve invoice and payment problems
- Act as a liaison between suppliers and functional areas to ensure accurate information, documentation and product flow
- Work with suppliers to identify constraints and implement value-added processes
- Develop cost management program strategies for purchases
- Perform cost/benefit analyses
- Conduct spend analysis to determine strategies for specific categories
- Track and validate cost savings and cost avoidance
- Prepare and/or administer a supply management department budget
- Develop financing strategies for purchases
- Verify that sufficient reporting exists