The world is changing at a rapid pace; what was new, better, and different a year ago is already obsolete. Periodicals, trade journals, and industry leaders are all advocating the new, the better and the different but what does this mean for us as supply management practitioners? This session will identify what these tools of the “future” are, when they best can be applied and how practitioners can stay at the forefront of technology. The COVID-19 Pandemic allowed tools we have had for years, like remote access, online learning, and e-negotiation, to be utilized like never before. The same applies to business analytics, Big Data, Data Mining, as well as Artificial Intelligence. Now, we are embracing and using more tools to avoid shortages, improve materials planning, delay or abate future price increases. We are placing more confidence in the computers’ ability to assist if we develop the right questions and parameters. If you’re ready to embrace the “latest and greatest” and accelerate your decision to the benefit of your organization, this course is for you.
Member Price: $950.00
Jul 26, 2022
10 AM - 6 PM ET
Prior to starting his own firm in 1991, William Agee, C.P.M., C.E.M, CMN, CPE, CPP, CPIM, SSBB, was a vice president in a large international management, consulting, and educational firm specializing in world class education, financial reviews and audits, procurement service, quality management, manufacturing and human resources. Agee has been involved in purchasing and materials management at various levels for over 30 years. His purchasing experience includes governmental (federal and state), wholesale, retail, service, industrial and manufacturing.
Previously, Agee was the Manager of Purchasing and Contract Administration at Allergen, Inc., a Fortune 300 corporation, which manufactures pharmaceutical and over-the-counter eye care products. While in residence, he also became familiar with the manufacturing and planning process for the 17 different lines of production both for their domestic operations as well as their international branches. Agee was also contracts manager for a large Department of Energy project where he oversaw the contracts development and management.
Additionally, Agee taught for Baylor University in the areas of purchasing and materials management. He developed a computerized purchasing simulation program entitled The Smart Buyer to provide realistic perspective of marketplace fluctuations and potential results. In addition, he has developed over 172 educational programs for organizations primarily focused in the areas of SCM, contracting and purchasing. He is the 2005 ISM Award Winner of the Howard W. Cosgrove Award for outstanding contribution to the profession.
Agee holds degrees in marketing and management. He is affiliated with many companies and organizations including the American Wholesale Marketers Associations, CIBA-Geigy, Allergen, Inc., American Contract Manufacturers Association (AMCON), The Fritz Company, Inc., Diamond Shamrock Corporation, Kodak, Medtronics Interventional Vascular. He is a CPE and CPP, both certified by the American Purchasing Society (APS) and a C.P.M. by the Institute for Supply Management (ISM). He has also been certified for the Certified Production and Inventory Manager by the American Society of Production and Inventory Control Society and Six Sigma Black Belt. In addition to being a speaker for ISM, he has held both local and national offices with the organization and has written several articles for leading purchasing and business publications.
What You Will Learn:
- A baseline understanding tools at our disposal
- When to employ the variety of tools for the benefit of the company and SCM
- Why we need to appreciate data; even historical as a precursor for future use
- Why we need to use current technology to support SCM’s proposals and program submissions to the BOD and senior management
- What the risk of these different tools are and could be if not employed
- How using technology can have huge dividends on the SCM department being cutting edge into the future
Virtual Class Schedule:
Day 1 - 10:00 am ET - 1:30 pm ET / 7:00 am PT - 10:30 am PT (3.5 hours), Break for Lunch
Day 1 - 2:30 pm ET - 6:00 pm ET / 11:30 am PT - 3:00 pm PT (3.5 hours)
- The how’s and why’s of needing to understand these different tools
- Knowing when to apply these tools for the benefit of our customers
- How these tool can minimize risk and provide a better vision of the road ahead
- Getting a user’s understanding of (business) analytics, Data Science and Artificial Intelligence (AI)
- Employing a matrix model to appreciate when and what each of the applications can avail: the range of business Analytics, Data & Models to use, and how these resources can help in problem solving Problem Solving with Analytics
- Gaining real appreciation for understanding the values of data through; data preparations, data mining, data modeling, and employing Big Data
- Learning the different types of Artificial Intelligence; natural intelligence, Artificial General Intelligence, and Artificial Biological Intelligence with strengths and weaknesses
- See how these various tools can be applicable to Purchasing and SCM
- See how AI can be your ‘eyes and ears’ on the Internet and various markets
Who Should Attend:Proficient to advanced supply management professionals looking to accelerate decision making with a proactive approach to analytics, data science, and artificial intelligence.
Terms And Conditions
Virtual Learning Transferals: Registrations are transferable without any charge to another ISM Virtual Learning Course occurring within 12 months of the original purchase. Transferring registrations to another party are subject to price variance or change based on membership status and an additional $50 fee will be incurred.
Cancellations Virtual Learning: Cancellations more than 5 weeks before the date of the course will incur an administrative charge of 50 percent. Cancellation within 5 weeks of the date of the event will be charged the full fee. You must notify ISM in writing of a cancellation.
Tax Deduction: The Internal Revenue Service may permit an income tax deduction to U.S. residents for expenses (including registration fees, travel costs, meals and lodging) incurred in pursuit of continuing professional education. Consult your tax adviser for details.