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 Procurement and Supply Chain Management Best Practices - MODULE 1 (M12371) QR Code

Procurement and Supply Chain Management Best Practices - MODULE 1

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

Logistics & Supply Chain Management

Seeing Procurement as a Dynamic, Interactive System

  • The System Approach vs. the traditional Functional Approach
  • What is the goal of Procurement?
  • Developing the Strategic Procurement Plan
  • An overview of the procurement process
  • Procurement as part of the Supply Chain

 

Developing the Strategic Procurement Decisions

  • Make/buy decision
  • Vertical integration
  • Alliances and partnerships
  • Inter-company trade
  • Reciprocity and counter trade
  • Supplier strategy
  • The coordination strategy
  • The Purchasing organisation

 

Implementing the Tactical Procurement Decisions

  • Supplier involvement
  • Value analysis
  • Quality Assurance
  • Supplier selection
  • Supplier rating and ranking
  • Contract management
  • IT systems and e-Procurement
  • Policies and procedures
  • Staffing the Procurement Department

 

Dealing with Operational Procurement Decisions

  • Selecting the most appropriate ordering process
  • Addressing quality issues
  • Follow up
  • Overdue orders
  • Expediting
  • The payment process
  • Reducing the cost of procurement: small value purchase orders

 

Contingency Procurement Decisions

  • The different contingency situations
  • Contingency management

Procurement Performance Measurement

  • Spend analysis
  • Total cost of ownership
  • Supplier performance measurement

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