Risk Management in the Supply Chain
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Risk Management in the Supply Chain Course
Introduction:
In the realm of procurement, top-tier organizations recognize the significance of applying best practices to achieve optimal results. They understand that possessing essential skill sets related to purchasing is crucial for all employees involved in the procurement process. This course specifically targets the identification and resolution of common performance gaps in supply management. By addressing these gaps, organizations can drive continuous improvement and effectively meet their strategic objectives.
This course is designed to equip participants with the knowledge and tools necessary to bridge the performance gaps in supply management. It focuses on identifying areas where improvements are needed and implementing best practices to enhance procurement processes. Participants will gain insights into the key challenges faced in supply management and explore strategies to overcome them.
Throughout the course, participants will delve into various aspects of supply management, examining the critical areas where gaps often exist. They will learn how to effectively analyze and optimize procurement processes, supplier selection and evaluation, contract management, and risk mitigation. By understanding these areas of improvement, participants will be better equipped to contribute to their organization's strategic objectives.
The course goes beyond theoretical concepts by providing practical guidance and real-world examples. Participants will engage in interactive discussions, case studies, and hands-on exercises to apply their learning in a practical context. They will explore best practices, industry trends, and innovative approaches to fill the performance gaps in supply management.
By the conclusion of this course, participants will possess the skills and knowledge to drive continuous improvement in supply management. They will be able to identify and address the common performance gaps that hinder procurement processes. Equipped with best practices and a strategic mindset, participants will contribute to their organization's success by optimizing supply management and aligning it with strategic objectives.
Join us in this transformative course to acquire the essential skill sets needed to close performance gaps in supply management. Elevate your procurement practices, drive continuous improvement, and position yourself as a valuable asset in achieving your organization's strategic objectives.
Course Objectives:
Participants attending the program will:
- 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
- Better integration between functions resulting in shorter cycle-times
- Increased skill sets in managing purchasing activities
- Greater ability to develop professionalism
- Greater job satisfaction and progress toward advancement
- Increased knowledge about how Procurement should be measured
- Increased recognition by the organization due to improved performance
Who Should Attend?
The organization will benefit by:
- Contracts, Purchasing, and Project personnel
- Engineering, Operational, and Maintenance personnel
- And all others who are involved in the planning, evaluation, preparation, and management of tenders, awards, contracts, and purchases that cover the acquisition of materials, equipment, and services and who are in organizations whose leadership want high levels of competency in those involved in contracts and purchasing activities.
Course Outlines:
The 1st Steps to Becoming World Class
- 4 Stages To World Class
- Let’s be honest of how Purchasing is viewed today
- Strategic Sourcing
- Developing Spend Profiles and the ABC Analysis
- New Job Descriptions For Purchasing of the future
- Purchasing Personnel Required Skill Sets
Evaluating Your Own Operation
- What are best Practices
- Purchasing Gap Analysis
- Vision and Mission for Purchasing
- Developing The Purchasing Department Strategic Plan
- Developing Key Performance Indicators (KPI) For Procurement
- Developing A Company Purchase Price Index
Continuous Improvement and How to Get It
- Cost Reduction Initiatives
- Methods of Cost Containment
- Waste In The Supply Chain
- Breaking Down The Elements Of Supplier Cost
- Commodity/Service Strategic Planning
- Resisting Price Increases
- Supplier Classification System
- Supplier Qualification Methods
- Supplier Performance Metrics
- Apply Performance to Purchasing Decisions
- Process Mapping To Eliminate Low-Value Activities
- eProcurement
Improving the Image of Procurement
- Global Sourcing
- International Labor Rates Comparison
- Developing And Maintaining A Customer Focus
- Basic Issues In Corruption And Fraud Prevention
- Increasing The Level Of Procurement Professionalism
- Keeping Current in the profession