Implementing Supplier Development and Diversity

Name: Implementing Supplier Development and Diversity
Rating: 4.6 (367 reviews)

How to build a supplier development and diversity program that will have a measurable impact for your supply chain.

Highest Rated

Created byDaniel Stanton, David J. Burton

Last updated 10/2020

English

What you'll learn

How companies define supplier development and diversity.
Why supplier development and diversity strategies have become important for strategic sourcing.
Identify diversity categories and certification options for diverse suppliers.
How diverse suppliers can help you accelerate innovation and business development.
Leveraging business processes and metrics to develop class-leading supplier relationships.
Best practices for implementing a successful supplier development and diversity program.
How supplier development and diversity align with supplier relationship management

Course content

1 section • 12 lectures • 29m total length

Supplier Development and Diversity1:47
Getting Started with Supplier Development and Diversity2:25
After watching this video, the learner will be able to define supplier development and diversity. Building supplier development and diversity are essential for companies to become more competitive, resilient, adaptable, and sustainable.
Implement strategic sourcing2:24
After watching this video, the learner will be able to explain what strategic sourcing is, and why companies should use it. Strategic sourcing is an approach that looks beyond the purchase price to align procurement decisions with the overall business strategy.
Build a diverse supply base3:05
After watching this video, learners will be able to describe the characteristics of a diverse supply base. Understanding the characteristics of a diverse supply base is essential for creating an effective outreach and inclusion strategy.
Align customer and supplier expectations2:04
After watching this video, the learner will be able to describe five levels of relationships between customers and suppliers. Every relationship between a customer and supplier can be described by one of five levels of engagement.
Develop suppliers with five strategies3:00
After watching this video, learners will be able to define the five essential strategies for any company. There are five key strategies that every company should focus on to improve and sustain their supply chain maturity.
Measure operational maturity4:04
After watching this video, learners will be able to describe the 10 areas for assessing cross-enterprise maturity. Cross-enterprise maturity can be assessed by examining 10 characteristics of a company.
Define a unique supply chain strategy2:34
After watching this video, learners will be able to describe how to use five key performance metrics to create a unique supply chain strategy. There are five top-level performance metrics that can be used to define a unique supply chain strategy.
Implement supply chain improvements2:17
After watching this video, learners will be able to document examples of collaboration within their own supply chain. One of the best ways to demonstrate the mutual value of supply chain development is by documenting examples of supply chain collaboration.
Maintain strong supply chain relationships1:52
After watching this video, the learner will be able to relate key principles for maintaining strong supply chain relationships. There are three key principles that help to maintain strong relationships.
Set supplier diversity goals2:21
After watching this video, the learner will understand common approaches to setting supplier diversity goals. In order to improve supplier diversity, companies need to set meaningful goals.
Implement a supplier development and diversity program successfully2:05
After watching this video, learners will be able to describe the five elements that are required for successfully implementing a supplier development and diversity program. In order for supplier development and diversity to be implemented successfully, these are the five change management elements that must be addressed.

Requirements

Basic understanding of supply chain management.

Description

Right now, supplier development and supplier diversity are more important than ever for businesses, and for the customers and communities in their supply chains.

LinkedIn has thousands of jobs openings for supply chain professionals who understand supplier development and diversity. Each year, companies like Apple, Google, Microsoft, and Intel invest billions of dollars into supplier development and diversity programs. Government agencies often set aside lucrative contracts for minority-owned firms. This creates amazing opportunities for small businesses to get ahead, and it also creates exciting career opportunities for the supply chain professionals who understand how to manage these programs effectively.

Ready to learn more? Join Daniel Stanton - Mr. Supply Chain - and David Burton, CEO and Founder of the Diverse Manufacturing Supply Chain Alliance, to get an inside look at how leading companies design and implement their supplier development and diversity programs.

This course is designed for business executives, supply chain management professionals, and project management professionals who want to increase both the quality and diversity of the companies in their supply base. It will also be useful for professionals interested in process improvement methods such as Lean, Six Sigma, and Theory of Constraints. Do you need professional development to maintain your CSCP, CPIM, or CLTD certification from APICS and ASCM? How about the SCPro from CSCMP or the CPSM and CPSD from ISM? Or even the PMP from PMI? Please check with your certification provider to confirm, but they should approve continuing education credits for completing this course.

Who this course is for:

Executive
Project Manager
Supply Chain Manager
Purchasing Manager
Logistics Manager
Diversity, Equity, and Inclusion Professionals
Procurement Manager