Supply Chain Best Practice Training
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Supply Chain Best Practice Training Course
Introduction:
In recent years, the business landscape has undergone a profound transformation, driven by rapid technological advancements and the dismantling of traditional industry barriers. As a result, strategic procurement has emerged as a complex and critical process with the potential to unlock numerous benefits for organizations. These advantages encompass lower costs, higher quality, enhanced customer satisfaction, and improved supplier performance.
Today's organizations recognize that strategic procurement goes beyond simply acquiring goods and services. It involves a comprehensive approach that encompasses supplier selection, contract negotiation, risk management, and the development of long-term partnerships. By adopting a strategic mindset, organizations can leverage procurement as a powerful tool to drive competitiveness and achieve their overarching goals.
One of the primary benefits of strategic procurement is cost reduction. Through effective supplier management, organizations can negotiate favorable terms, optimize pricing structures, and identify cost-saving opportunities. Additionally, strategic procurement enables organizations to focus on quality, ensuring that goods and services meet or exceed expectations. This emphasis on quality translates into enhanced customer satisfaction and loyalty, further strengthening the organization's market position.
Furthermore, strategic procurement facilitates improved supplier performance. By nurturing strong relationships with suppliers, organizations can foster collaboration, innovation, and continuous improvement. This, in turn, leads to better product or service offerings, faster delivery times, and increased reliability throughout the supply chain.
This course is designed to equip participants with the knowledge and skills needed to navigate the intricacies of strategic procurement successfully. It covers a wide range of topics, including supplier evaluation and selection, contract management, risk mitigation, and performance measurement. Participants will gain a deep understanding of the strategic procurement process and learn how to effectively apply best practices to their organization's procurement activities.
Through interactive learning experiences, real-world case studies, and practical exercises, participants will develop the capabilities required to excel in strategic procurement. They will explore innovative approaches, emerging trends, and advanced techniques to optimize procurement outcomes and drive organizational success.
By enrolling in this course, participants will gain a competitive edge in today's dynamic business environment. They will be equipped to harness the power of strategic procurement, unlock cost savings, enhance quality, and build strong supplier relationships. Join us on this transformative journey to master strategic procurement and propel your organization toward sustainable growth and success.
Course Objectives:
By the end of this workshop, participants will understand the following:-
- Understand the role of Professional Purchasers
- Learn about and practice the key skills Purchasers need to have
- The essential requirements for Purchasing Management
- Team structures and roles
- The benefits of improved purchasing
- Implementing changes within the team and with other departments
- Strategies and tactics for improved buying
- The uses of tendering, negotiation, and other approaches
- Measuring and Improving Purchasing Performance
- Examine how to become more strategic in Purchasing Activities
- Determine the best approach to Global Sourcing
- The review process for international purchasing
- Analyze ways of managing suppliers more effectively
- Enhance negotiating skills
- Learn ways to deal with economic uncertainties
Who Should Attend?
- Professionals working in Procurement, Purchasing or Buying
- Buyers / Purchasing Professionals in business, government, and the military
- Buyers working for private companies
- Purchasing section heads
- Users and Technical Specifiers
- Project personnel working with contractors
- Professionals in Contracting or other roles who wish to understand purchasing and improve the interaction with their function will also benefit from this Strategic Skills for Procurement training course.
Course Outlines:
Purchasing in the Organization
- What is the role of Purchasing in modern organizations?
- What is international Best Practice?
- What do other functions want from Purchasing?
- Supply Chain Management Concepts
- Essentials for Effective Purchasing
- Stages to world-class procurement
- Developing The Strategic Plan For The Procurement Activity
- Procurement performance measurement
Essential Skills for Purchasing
- Purchasing Segmentation
- Supplier Intelligence and planning
- Supplier Selection
- Supplier reduction and optimization
- Requests for Information and Requests for Quotation
- Contract Law and ethics
- Use of Tendering, negotiation, direct sourcing, and e-commerce
Strategic Sourcing
- Starting the Strategic Sourcing Process
- Creating time to be more strategic
- New job descriptions for supply management
- Relations With Other Functions
- Developing the Procurement Price Index
- Dealing with issues of ethics
Procurement Skills
- Negotiation
- Stock control and Effective order quantities
- Pricing
- Value Analysis
- Cost analysis
- Total Cost of Ownership & Capital Equipment Life Cycle Costing
- Measuring Suppliers
- Key Performance Indicators (KPIs) for Procurement
International Sourcing
- Global sourcing
- International buying process
- International Labor Rates
- Locating international sources
- Source evaluation criteria
- Managing exchange rate risk
- Action Planning for implementation