Procurement is an organizational function that covers a multitude of business functions. This includes specification development, value analysis, supplier market research, negotiation, buying activities, contract administration and inventory management. This course will provide a holistic approach to managing your supply chain and drive strategic value to impact both bottom-line costs and top-line revenues. 

When it comes to contracting, understanding supply chain terms and conditions is an essential part of the job. This skill is so critical that without it, supply management professionals can place their organization in jeopardy. This popular and essential supply chain course thoroughly addresses many of the standard terms found in most contracts and also examines the impact of electronic purchasing. Discussions delve into key terminology, clauses that can be used in drawing up agreements, and examples of contract language. As with all our supply management courses, you will have the opportunity to put your knowledge into action. In this course, you are encouraged to bring your own contracts, clauses, and/or purchase orders for review and hands-on practical learning and application.

Twice a year, ISM convenes the PMI® chairs to unpack the latest ISM Supply Chain Planning Forecast - and translate the numbers into decisions you can act on now. In this highly interactive discussion, we’ll walk through the newest forecast data and dig into what it signals for demand, pricing, inventories, capacity, employment, and supplier risk over the next two quarters.

Expect a candid roundtable with the PMI experts on what’s shifting, what’s surprising, and what’s next, plus audience Q&A. You’ll leave with clear takeaways to guide budget adjustments, sourcing strategies, inventory targets, and cross-functional conversations with finance, sales, and operations.

This session is exclusive for Corporate Program members only.