Poor stock control and bad procurement decisions can lead to the financial collapse of an organization whilst good stock control and procurement can enhance profitability and ensure long term growth. This workshop explores key concepts forming the basics of strategic purchasing, logistics and more through leading edge issues that confront organizations today

CONTENT:

*Effective Procurement in Modern Organization

- What is the role of Procurement?

- Essentials for Effective Procurement

- Team Roles and Responsibilities

- Concepts and Approaches in Purchasing Management

*Tools for Effective Procurement

- Spend Mapping

- Supply Positioning

- Supplier Intelligence

- Supplier Selection

- Role of Distributors and Agents

Purchasing and Supplies Administration

• Placing orders
• Screening suppliers for efficient performance i.e. performance bonds and implementation of terms
• The tendering process
• Issuing purchase orders: the do’s and don’ts
• Reviewing goods into stores- matching of LPOs, invoice, waybills, receipt vouchers, quality control, certificates etc.

*Understanding what is Logistics

- Definitions of Logistics

- The Interrelations and Connections of

   Buying Supply chain management

Managing and Controlling Operations

- Controlling Operations

- Planning Operations

- Performance Measurement

- Financial Planning

 Fundamentals of Supplies and Store Management

• Understanding the meaning of stock i.e. raw materials, work-in-progress and finished goods
• Identifying and justifying the need for stock.
• Stores locations and management i.e. Central stores, Autonomous stores and semi- autonomous stores, advantages, disadvantages, stores layout, cleanliness etc.
• Modern store keeping methods
• Stock requisitioning procedures
• The approval processes.

*Stock Control and Warehouse Processes

- Setting order levels

- Stock Rotation and Adjustments

- Meeting Customer orders

- Stock Taking

FOR WHOM:

Stores, Purchasing and Logistics Personnel in the Public and Private Sectors.

TRAINING METHODOLOGY

The training methodology combines lectures, discussions, group exercises and illustrations. Participants will gain both theoretical and practical knowledge of the topics. The emphasis is on the practical application of the topics and as a result participant will go back to the workplace with both the ability and the confidence to apply the techniques learned to their duties.