Logistics and Warehouse Management
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Logistics and Warehouse Management Course
Introduction:
Welcome to the Best Practices in Purchasing course, where we will focus on equipping employees involved in the procurement process with essential skill sets required by world-class organizations. This course aims to bridge the common "gaps" in performance and enable Supply Management to deliver continuous improvements, aligning with organizations' strategic objectives.
In this program, we will develop a proactive approach to procurement activities, emphasizing the importance of working on the "right" things that showcase Purchasing's creativity, flexibility, and supply market knowledge. By adopting this mindset, participants will learn how to anticipate and address challenges, rather than simply reacting to them.
Our course will establish methods for providing and measuring the contributions of the purchasing function within the organization. By doing so, we elevate this critical function and all individuals involved, positioning them as core competencies of the organization. Through this program, we aim to cultivate a comprehensive understanding of purchasing's role in driving organizational success.
This intensive five-day program is designed to enhance participants' understanding of the vital role played by suppliers in delivering customer satisfaction through effective supply chain management. We will explore best practices and strategies for establishing strong supplier relationships, optimizing supply chain operations, and ensuring seamless delivery of products and services to customers.
Throughout this course, we will delve into various topics, including supplier selection and evaluation, contract management, risk mitigation, cost optimization, and performance measurement. By mastering these aspects, participants will gain the skills and knowledge needed to excel in purchasing roles and make valuable contributions to their organizations.
Real-world case studies, interactive discussions, and practical exercises will be incorporated to provide a dynamic and engaging learning experience. Participants will have the opportunity to apply their newfound knowledge and skills in simulated scenarios, enabling them to develop proficiency and confidence in implementing best practices in purchasing.
By the end of this course, participants will possess a deep understanding of the critical role played by purchasing in organizational success. They will be equipped with the tools and strategies necessary to drive continuous improvements, strengthen supplier relationships, and optimize supply chain performance.
Join us on this transformative journey to unlock the full potential of best practices in purchasing and elevate your role within your organization. Together, we will enhance customer satisfaction and build an effective and efficient supply chain.
Course Objectives:
Participants attending the program will:
- Identify and reduce procurement risk through the development of a plan of action
- Enable improved performance from your existing suppliers through evaluation and performance measurement
- Understand and strengthen your supply chain
- Improve operating relationships within your organization
- Award contracts on the basis of measured performance/criteria
- Provide a working understanding of the Negotiation process
- Learn how to develop high-performance purchasing organizations
- Develop strategic purchasing plans
- Discuss how to improve internal customer service
- Determine how to eliminate low value-added processes
- Be taught how to develop spend profiles
- Will be show analytics that to guide procurement strategies
- Explore many ways of reporting key performance indicators (KPI)
- See how to apply past supplier performance for better selection
- Be presented with the most important competencies for purchasing personnel
- Having Expert Procurement Management leading and guiding the purchasing process
- Continuous improvement in the total cost of materials & services
- Higher productivity of personnel involved in procurement activities
- Improved performance of contractors and suppliers
- Better ways to measure purchasing performance
Who Should Attend?
The organization will benefit by:
- Contracts, Purchasing, and Project personnel
- Engineering, Operational, and Maintenance personnel
Course Outlines:
What is the Role of Purchasing in the Company
- Introduction to Purchasing and its contribution to the organization
- What is the purpose of a business?
- Dealing with the problem of being a “ go-between “
- The purchasing process and cycle of procurement
- Positioning purchasing within the company
- Vision, Mission, and Value of Purchasing
- Purchasing Structure
- Where to find performance improvement
Developing the Purchasing Strategy
- How to reach the internal customer
- Developing Purchase agreements
- Importance of being involved in creating the specification
- Supplier selection methodology
- Criteria for pre-qualifying suppliers
- Integrating the supplier selection process
- Positioning your need and you value against the market
- The role of ISO 9000
Selecting the Right Supplier & Evaluating Performance
- Conditioning the supplier to meet your requirement
- The total cost approach to purchasing
- Analyzing Cost
- Analyzing Value
- Hidden costs
- Life cycle costing
- Using Price indices
- Performance evaluation
Tendering and Analyzing the Bid
- Process needs
- Types of tender
- Electronic commerce / E Auctions
- Evaluating a bid objectively
- Terms and Conditions of contract
- Standard contract clauses
- Methods of Payment
- Expediting the agreement
- What if the contractor fails to deliver – legal issues
Negotiating the Contract and Preparing a Plan of Improvement Action for Purchasing
- Defining negotiation
- Obstacles to effective negotiation
- Different styles of negotiation
- The tools of the process
- Phases of a negotiation
- What to do and what not to do
- Focus on four key areas of world-class performance
- Evaluating performance gaps