Procurement, Logistics and Supply Chain Management Masterclass Course

Procurement and Supply Chain plays significant role in adding value to the organisation and positive impact on the profitability. The importance of the function has increased recognition from executive board of organisation across all industry. Hence, it is essential to have up to date knowledge for the professionals regarding organisational objectives, best practices in the value chain, formulate strategies, management of risk and supply security. These are necessary to achieve competitive advantage in the highly competitive global market.

Participants will learn how to formulate functional strategies to satisfy internal and external customer needs and achieve the organizational objectives. This course will cover evaluation of spend and supply market dynamics to define sourcing and supply chain tactics. Course will cover international best practices and influence of the external environment in procurement and supply. Participants gain knowledge on how efficiently manage the risk and ensure the security of supply to achieve high level customer satisfaction.

This Procurement, Logistics and Supply Chain Management training course consists of two modules which can be taken as a 10 Day Training course, or as individual, 5 Day courses.

Module 1 – Procurement Specialist: The A to Z of Procurement Best Practices

Module 2 – Logistics and Supply Chain Management

LEARNING OBJECTIVES

Procurement, Logistics and Supply Chain Management training course is based on accomplishing the following objectives:

• Understand the role of Procurement and Supply Chain and its contribution to achieving organisational objectives.
• Understand International Best Practices and influence of the External Environment
• Evaluate internal spend and supply market dynamics to formulate strategic sourcing plan.
• Application of different sourcing strategies to leverage savings and ensure supply security.
• Management of supplier and market associated risks to protect the interest of the organisation.
• Supplier selection, integration Management to achieve an optimum balance between material cost price and quality.
• Develop skills required for effective supplier relationships to achieve enhanced value.
• Manage performance of procurement processes for continuous improvement
• Gather new insights into developing logistics and supply chain to achieve competitive advantage.
• An increased understanding of the impact of logistics and supply chain management on costs and financial performance
• Appreciation of approaches and frameworks that can be applied to different market segments.
• Reviews of the latest thinking on supply chain strategy, planning and execution

Target Audience

This training course is designed for wide range of professionals include:

• Purchasing and contract management professionals
• Senior Supply Chain Managers and Executives looking at thought leadership of their own supply chain as well as other delegates experienced and methods.
• Junior Supply Chain Executives, helping to bring them up to speed with the latest thinking, frameworks, tools, and implementation.
• Project, Engineering, Operational, and Maintenance, personnel who are involved in the planning, and execution of purchases and contracts.
• Those wanting to create action within the supply chain to increase value and reduce cost.

Training Methodology

This practical and results-oriented Procurement, Logistics & Supply Chain Management training course is based on adult learning concepts. It will be presented using a combination of interactive presentations, case studies, participant activities and exercises to maximise the impact of the learning experience. Delegates will have ample time to consider the ideas and apply the skills discussed.

Course Contents

Module 1 - Role of Procurement & Contribution Overview

• Key Topics:
  • Purchasing and its contribution to the organisation
  • Mission and Vision of Procurement
  • International Best Practices in Procurement
  • The influence of the External Environment in Procurement
  • Developing a World class procurement strategy
  • The Procurement Cycle – Process Overview

Module 2 - Setting the Strategic Sourcing Methodology

• Key Topics:
  • Spend Category Analysis & Strategy
    • Profiling spend categories
    • Assessing market risks
    • Analyzing financial impact
    • Mapping spend categories (Routine, Bottleneck and Strategic Items)
    • Consolidating category reports
  • Segmentation and analysis of suppliers
    • Supplier Analysis & Strategy
    • Mapping supplier profiling (by location, value, volume & strategic alliance)
    • Formulate supplier diversity plan.
    • Implementation of Strategic Outcome

Module 3 - Development of Procurement Processes and Implementation

• Key Topics:
  • Develop procurement processes.
    • Mapping of procurement processes
    • Define strategic and operational processes.
    • Procurement Guideline and Internal Controls
    • Integrating ethical principles
  • Implement procurement processes.
    • Managing RFI, RFQ and RFP processes
    • Application of bid evaluation criteria
    • Working with Stakeholders in Procurement
    • Implementing Contract Management Process
    • Using procurement decision matrix (by value and ordering channel)
    • Employing purchasing tools and templates
    • Applying Total Cost of Ownership (TCO)

Module 4 - Supplier Integration and Management

• Key Topics:
  • Supplier Prequalification
  • Supplier Rating and Ranking
  • Identifying and Mitigating Risk
  • Partnering with suppliers
  • Building good relationships with suppliers
  • Negotiating Principles and Strategies
  • Managing Supplier Level Agreements (SLAs)
  • Define supplier base optimisation.
  • Applying eProcurement business process

Module 5 - Performance Management and Continues Improvement

• Key Topics:
  • Supplier Performance Measurement and Evaluation
  • Quality Management for Strategic Sourcing
  • Pursuing Global Supply Management Excellence
  • Continues Optimisation of Small Value Purchase Orders
  • Cost Reduction Initiatives
  • Developing Procurement Key Performance Indicators (KPIs)
  • Action Planning for implementation

Module 6 - Understanding Logistics and the Supply Chain

• Key Topics:
  • Definitions of logistics and Supply Chain management
  • History and the development
  • Understanding the Supply Chain dynamics
  • International and Global logistics
  • Supply Chain Phases
  • The Theory of Constraints (TOC)

Module 7 - Transportation Economics

• Key Topics:
  • The Role of Transportation in Logistics
  • Management Key Decisions
  • Types of mode or intermodal system
  • International Commercial Terms in transportation and the liabilities
  • Documentation in transportation
  • Hazardous materials transportation

Module 8 - Performance, Risk and Warehouse Management

• Key Topics:
  • Key performance indicators (KPI)
  • Warehouse Management:
  • Role in the Supply Chain
  • Flows
  • Equipment selection
  • Supply Chain risks:
  • Operational
  • Inventory
  • Exchange rates
  • Financial
  • Disruption
  • Security

Module 9 - Procurement in Supply Chain

• Key Topics:
  • The difference between Procurement and Purchasing
  • What is the role of Procurement and Purchasing?
  • Support Operational Requirements
  • Manage the Procurement Process and the Supply Base
  • Develop Strong Relationships with Other Functional Groups
  • Team Roles and responsibilities

Module 10 - Inventory Management

• Key Topics:
  • Statistics in inventory management
  • Financial in inventory management
  • Selective inventory control management
  • Understanding Inventory status
  • Reducing excess and obsolete inventory
  • Improving the organisation’s logistics and supply chain