EXSCMA 5698 - SMT Business Planning
Course Description
Every department has a critical role to play in delivering an organization's strategy. This seminar provides an overview of strategic planning in an organization and the basic elements of a strategic analysis (SWOT). The Porter 5-forces model for analyzing the competitive environment will be introduced. Topics covered include critical success factors, strategic maps and company positioning, and strategic models (low-cost, differentiation, niche). Discuss how to develop a strategic plan in a supply management role and the linkages between the strategic plan and a budget.
Learning Objectives
By the end of this course, students should be able to:
- 🗸 Define strategy; List and describe the role of strategy relative to the organizational hierarchy and alignment through the hierarchy.
- 🗸 Discuss two models used to describe business level strategy.
- 🗸 List and describe the steps within strategy formulation, including situational analysis tools such as SWOT (strength, weakness, opportunities and threats), fishbone analysis, Porter’s Five Forces and others.
- 🗸 Describe supply management’s role within the strategic process.
Recommendations
Applicants intending to complete a program are encouraged to apply as soon as possible to lock in their course requirements.
Applies Towards the Following Programs
- Supply Management Training Diploma : Business Management Knowledge Seminars