Production Planning, Scheduling and Activity Control
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Production Planning, Scheduling and Activity Control Course
Introduction:
The Procurement Professionals Mini MBA is a dynamic and immersive 5-day training course specifically developed to address the evolving landscape of global business, with a focus on transformational leadership, finance, and procurement strategies. In today's rapidly changing world, middle and senior managers are confronted with increasingly complex challenges in managing the entire value chain effectively.
Recognizing the strategic importance of procurement, this course equips professionals with the knowledge and skills necessary to gain a competitive edge by maximizing the benefits derived from their spending. By adopting a strategic approach to procurement, organizations can enhance their cost efficiencies, drive change strategies, and achieve a competitive advantage in the global marketplace.
The Procurement Professionals Mini MBA delves into the core leadership strategies, financial implications, and sourcing activities that are vital for procurement professionals. Through intensive and comprehensive sessions, participants will develop a deep understanding of the key elements driving change strategies in procurement. They will explore various techniques and best practices to ensure cost efficiencies and optimize procurement outcomes in a global environment.
The course emphasizes the importance of effective leadership in procurement, providing participants with essential tools and strategies for transformational leadership. By honing their leadership skills, professionals can effectively navigate the complexities of procurement, drive change, and inspire their teams to achieve excellence.
Furthermore, the financial implications of procurement decisions are thoroughly examined in the course. Participants will gain insights into financial analysis, budgeting, and cost management techniques specific to procurement. This knowledge will enable professionals to make informed financial decisions, evaluate the return on investment, and contribute to the organization's overall financial performance.
The sourcing activities module focuses on the practical aspects of procurement, including supplier selection, negotiation strategies, contract management, and supplier relationship management. Participants will learn how to identify and engage with the right suppliers, negotiate favorable terms, and establish effective supplier relationships to optimize procurement outcomes.
By attending the Procurement Professionals Mini MBA, participants will acquire the comprehensive leadership strategies, financial acumen, and sourcing skills needed to excel in the procurement field. They will gain a deep understanding of the global procurement landscape, develop the ability to drive change, and achieve competitive advantage through effective procurement practices.
Join us in this transformative learning experience, where you will acquire the knowledge, skills, and strategies to become a successful procurement professional. Enhance your leadership capabilities, master financial implications, and optimize sourcing activities to drive procurement excellence. Elevate your career and contribute to the success of your organization in the dynamic global business environment.
Course Objectives:
By the end of this training course, participants will be able to:
- To understand the benefits of strategies that create and lead change
- To apply tools and techniques that develop strategic thinking and innovation
- Implement Analysis and Problem Solving
- Understand total cost of ownership
- Develop robust service level agreements
- Maximizing supplier contribution and performance
Who Should Attend?
Professionals interested in furthering their leadership and procurement management skills would benefit from this training course. It will also be beneficial to:
- Managers and leaders involved in major global sourcing activities
- Finance professionals involved with major capital expenditure projects
- Senior Procurement Professionals
- Project Managers
- Contract and Procurement Managers
- Senior buyers
- Commodity procurement specialists
Course Outlines:
Procurement Leadership
- Perceptions of leadership in the field of procurement
- Management versus Leadership
- Transformational leadership in procurement
- The leadership challenge: balancing strategy and culture
- Leadership in strategic thinking organizations
- Understanding the interrelated factors that impact procurement
Aligning Procurement to Organizational Strategy
- Participating in the Strategic Implementation Planning Process
- Recognizing and interpreting forces in the strategic environment
- Strategic implementation tools and frameworks
- Analyzing and prioritizing strategic sourcing issues
- Harnessing uncertainty and risk
- Converting Strategy into Action
Cost Awareness and Financial Impact along the Value Chain
- From Strategic Planning to the Operating plan
- Budgeting and costing along the value chain
- Fixed VS variable costs
- Contribution Margin
- Direct VS indirect costs
- Performance measurement and impact on the bottom line
Global Sourcing and Critical Procurement Strategies
- Defining Procurement Excellence
- Definition of Sourcing Strategy and Critical Supply Strategies
- Tactical versus Strategic Sourcing
- Developing the Strategic Procurement Plan
- Using international supply chains for competitive advantage
- Developing a framework for managing contract risk
Developing and Maintaining Long-term Supplier Relationships
- Implications for supplier selection procedures
- Turning vendors into partners
- Relationship management – suppliers and stakeholders
- Performance improvement metrics
- The Service Level Agreement framework
- Applying the right incentives for the right outcome