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 Procurement and Supply Chain Management Best Practices - MODULE 2 QR Code

Management & Leadership Seminars

Procurement and Supply Chain Management Best Practices - MODULE 2


REF : M12372 DATES: 23 - 27 Aug 2020 VENUE: Manama (Bahrain)-Crowne Plaza FEE : 2500 

Overview:

Introduction

The development and implementation of carefully crafted strategies for the acquisition of all materials, goods, equipment and services has become a critical issue in all organizations wishing to reduce operating cost while improving quality and productivity. This program explores key concepts forming the basis of procurement and supply chain management and moves through leading edge issues that confront organizations today.

 

Objectives

Participants attending the program will:

  • Review the meaning of strategic procurement
  • Be given examples of best practices in procurement and the supply chain
  • Review how to obtain best pricing
  • Be taught how to develop spend analysis
  • Develop a functional and cross functional view of the supply chain
  • See that better working with all of the supply chain players pays
  • Consider Key Performance Indicators (KPI’s)

 

Training Methodology

Participants will increase competencies through a variety of instructional methods including lecture by experienced practitioners and consultants, exercises, review published articles, and group discussions covering current practices and their relationship to the implementation of new concepts. Additional use will be made of case studies, videos and delegates will receive a comprehensive course manual enabling practical application and reinforcement

 

Organisational Impact

The organisation will benefit by:

  • Higher productivity of personnel involved in procurement activities
  • Better outcomes in transactions with contractors and suppliers
  • Reduced total cost of materials & services
  • Better integration between internal functions
  • Improved contractor/supplier performance
  • Succeed in improving operations

 

Personal Impact

Attendees will gain by participation in this program as a result of:

  • Increased skill sets
  • A greater ability to lead, plan, and manage the procurement and supply chain process
  • A greater sense of professionalism and being able to contribute to the organisation
  • Increased recognition from the organization due to improved personal performance
  • Be able to understand, recall and apply improvements after the seminar for work based application
  • Applying best in class practices

 

SEMINAR OUTLINE

Understanding What Logistics and the Supply Chain Are About

  • Definitions of logistics and Supply Chain management
  • The interrelations and connections of Buying, Making, Moving, and Selling activities
  • History and the development
  • Understanding the Supply Chain dynamics
  • Supply Chain Operations Reference Models (SCOR)
  • The Theory of Constraints (TOC)

 

Key Aspects and Rules of Supply Chain Management

  • The cost/service balance
  • Customer service principles
  • Internal organizational structures
  • Inventory principles
  • Lead times throughout the supply chain
  • Adding value
  • Production options/changes
  • Trade off opportunities

 

The Benefits of Adopting a Supply Chain Approach And Appreciating The Changes Needed To Traditional Ways

  • Understanding the sub functional conflicts
  • Benefits within and between functions
  • Taking a supply chain view of total acquisition costs
  • Accepting that competitive advantage comes from the Supply Chain
  • Looking at demand amplifications, and the "Forester" effect
  • Appreciating the effects of uncertainty and unresponsiveness
  • Seeing how we currently manage the supply chain
  • Changing the way we manage the Supply Chain for greater effectiveness

 

Strategic Approaches And Impacts To Supplier/Customer Relationships

  • Practical effects on lot sizes/order quantities
  • Reducing costs
  • Sharing developments and collaborating
  • Eliminating internal and external barriers
  • Interfacing versus integrating relationships
  • Segmentation and product formatting
  • Business strategies and the supply chain
  • Supply chain planning
  • Gaining competitive advantage
  • Considering outsourcing
  • Using postponement and consolidation logistics
  • Examining demand planning
  • Approaches of Quick Response (QR), Vendor Managed Inventory (VMI) and
  • Collaborative Planning and Forecast Requirements (CPFR)
  • The Lean Supply Chain

 

Making Supply Chain Improvements and Implementing a Logistics/Supply Chain Management Approach

  • Manufacturing and retailer case studies
  • The major lessons and key aspects from experience
  • Oil and Gas in the UK experiences
  • Key questions to be answered
  • The changes needed with suppliers and customers
  • The changes need to internal organisation and management practices
  • Potential action needed
  • The 'doing nothing' future, with 'lessons from experience'
  • Guarding against futures of higher stock levels and competition gains
  • Breaking down traditional silo/closed management
  • A 5 step approach to Logistics and Supplier Development
  • The Supply Chain Rules (Encore); the rules to give competitive advantage from effective Supply Chain Management