1. Value Chain "Choke Points"
2. Identifying Inefficiency in the Value Chain
3. Value Chain Optimization Techniques

Exercises:

• Value Chain Mapping: 
  In this exercise, the class maps several of their own spend items to trace the value chain and identify points of inefficiency.

Expectations Upon Completion:

• Capability to assess total costs introduced by the value chain
• Skills to identify supplier techniques that add cost
• Ability to apply common strategies to eliminate "choke points"
• Knowledge to evaluate how supplier footprints develop over time