Training on Procurement and Supply Chain Management

About the Course

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.

Target Participants

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

Course Duration

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

Course Outline

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
• Follow-up
• Overdue orders
• Expediting
• 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

 Understanding Logistics and the Supply Chain

• Definitions of logistics and supply chain management
• Understanding the supply chain dynamics
• International and global logistics
• Supply chain operations reference models (SCOR)
• The theory of constraints (TOC)

Transportation Economics

• 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

Performance, Risk, and Warehouse Management

• Key performance indicators (KPI)
• Warehouse management
  • Role in the supply chain
  • Flows
  • Equipment selection
• Supply Chain Risks
  • Operational
  • Inventory
  • Exchange rates
  • Financial
  • Disruption
  • Security

Procurement in Supply Chain

• 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

Inventory Management

• Statistics in inventory management
• Financial in inventory management
• Selective inventory control management
• Understanding inventory status
• Reducing excess and obsolete inventory
• Improving the organization’s logistics and supply chain

Training Approach

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 work, and case studies.

Training manuals and additional reference materials are provided to the participants.

Certification

Upon successful completion of this course, participants will be issued a certificate.

Tailor-Made Course

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.