The creation and implementation of well-thought-out strategies for the purchase of all materials, goods, equipment, and services have become a critical issue in all organizations seeking to minimize operating costs while boosting quality and productivity. The procurement and Supply Chain Management course covers the essential principles, procedures, terminology, techniques, and instruments used in purchasing and supply management.
Participants will get knowledge on how to create practical strategies to meet the needs of both internal and external customers as well as accomplish corporate goals. This course will examine how to evaluate spending and supply market dynamics to design sourcing and supply chain methods. It will also address worldwide best practices and the impact of the external environment on procurement and supply.
This course is ideal for procurement and supply chain management staff, project managers, finance staff, operational staff, government officials, and any other professionals who want to build their skills in procurement and supply chain management.
Online 14 Days
Classroom-based 10 Days
What you will learn
By the end of this course the participants will be able to:
- Understand the importance of procurement and supply chain in attaining organizational goals.
- Understand global best practices in procurement and supply chain management.
- Create a strategic sourcing plan, evaluate internal spending, and supply market trends.
- Apply various sourcing techniques to maximize savings and guarantee supply security.
- Control the effectiveness of the procurement procedures for ongoing development.
- Obtain fresh perspectives on improving supply chains and logistics to gain a competitive advantage.
Procurement as a Dynamic, Interactive System
- Definition of procurement
- The system approach vs. the traditional functional approach
- What is the goal of procurement?
- Developing the strategic procurement plan
- Overview of the procurement process
- Procurement as part of the supply chain
Developing the Strategic Procurement Decisions
- Make/buy decision.
- Vertical integration
- Alliances and partnerships
- Inter-company trade
- Reciprocity and countertrade
- Supplier strategy
- The coordination strategy
- The purchasing organization
Implementing the Tactical Procurement Decisions
- Supplier Involvement
- Value analysis
- Quality assurance
- Supplier selection
- Supplier rating and ranking
- Contract management
- IT systems and e-procurement
- Policies and procedures
- Staffing the procurement department
Dealing with Operational Procurement Decisions
- Selecting the most appropriate ordering process
- Addressing quality issues
- Overdue orders
- The payment process.
- Reducing the cost of the procurement: small-value purchase orders
Contingency Procurement Decisions
- The different contingency situations
- Contingency management
Procurement Performance Measurement
- Spend analysis.
- Total cost of ownership
- Supplier performance measurement
Introduction to Supply Chain Management
- What is supply chain management?
- Principles of supply chain management
- The supply chain and competitive performance
- The changing competitive environment
- Supply chain operations reference models (SCOR)
- The theory of constraints (TOC)
Logistics and Distribution
- Concepts of Logistics and Distribution
- Integrated Logistics and Supply Chain
- Customer Service and Logistics
- Channels of Distribution
- Issues and Challenges for Logistics and the Supply Chain
Procurement in Supply Chain
- The difference between procurement and purchasing.
- What is the role of procurement and purchasing?
- Support operational requirements.
- Managing the procurement process and the supply base
- Team roles and responsibilities
Inventory Planning and Management
- Need to Hold Stocks
- Types of Stockholding/Inventory.
- Stockholding Policy Implications
- Inventory Costs and Reasons for Rising Inventory Costs
- Inventory Replenishment Systems
- Demand Forecasting
Inventory and Supply Chain
- Different Inventory Requirements
- Lead-Time Gap, Inventory, and Time
- Analyzing Time and Inventory
- Inventory Planning for Manufacturing and Retailing
Warehousing and Storage
- Principles of Warehousing
- Storage and Handling Systems
- Order Picking and Packing
- Receiving and Dispatch
- Warehouse Design
- Warehouse Management and Information
- Cost and Performance Monitoring
- Information and Communication Technology in the Supply Chain
- Outsourcing Management
- Security and Safety in Distribution
- Logistics and Environment
Supply Chain Risks
- Exchange rates
This course is delivered by our seasoned trainers who have vast experience as expert professionals in their respective fields of practice. The course is taught through a mix of practical activities, theory, group works and case studies.
Training manuals and additional reference materials are provided to the participants.
Upon successful completion of this course, participants will be issued a certificate.
We can also do this as a tailor-made course to meet organization-wide training needs. A training needs assessment will be done on the training participants to collect data on the existing skills, knowledge gaps, training expectations and tailor-made needs.