ISM Assessments

Supply management professionals are constantly encouraged by senior management to expand strategic cost management efforts. Strategic cost and price management is the process of relating meaningful information to a firm’s business strategy using value chain analysis, strategic positioning analysis and cost driver analysis. A range of tools and techniques can be used, including complexity reduction, greater standardization, tighter management of specifications and demand, compliance management, price benchmarking, should-cost analysis, and total cost of ownership analysis. You will learn strategies to improve profits through shaping both the bottom line and top line of your organization. You will have 60 days access after the last day of the course.

Contracts have always been vulnerable to the same weakness: once they’re signed and filed, nobody remembers exactly what’s in them. Even the most critical agreements only really get opened back up when something goes wrong, and a contract manager has to work out how to manage the problem. But when all that contract data is properly stored, shared, and assigned, the impact of unseen risks can drop to near-zero, and the opportunity to get the most out of every agreement rises.

In this in-depth conversation, we’ll lay out how to reveal, and use, all your contract data by:

• Identifying, extracting, and distributing accurate data across the organization, so that it can impact every process in the operation.
• Proactively allocating responsibility for key provisions, so they are tracked and tagged before molehills become mountains.
• Using AI to provide easy access to critical commitments, so that contract managers across the business can manage vendor and partner relationships smoothly.

This is a must-attend event for anyone looking to squeeze all the value out of every contract – and to limit the risk hidden away when data is invisible.

If the thought of unseen risk lurking along your global supply chain keeps you up at night, then this course is for you. It’s impossible to eliminate all risk, but you can prepare for it by learning to identify it, analyze it, anticipate its impact and determine its probability. This must-attend seminar will help you in your quest to reduce and mitigate risk and will give you a solid understanding of risk analysis, managing risk, compliance and execution. Excel based tools and templates will be provided for weighted risk factors, financial impact and probability analysis.