• English English

2024

Procurement and Supply Chain Management Best Practices

Code: Technical

Duration: 5 Days

Location: Doha

Fee: QAR 11,900

Course Overview

This course will explore key concepts and solutions that can be employed to optimize the balance between supply chain responsiveness and the costs required to deliver desired business results. Supply chain professionals continue to be pressured to deliver superior operational results while at the same time reducing costs.  They need to be able to ensure their organizations become industry pace setters, by better managing their supply chains to achieve reduced costs, whilst at the same time, improving service levels.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.This fast paced program is designed for those wanting to develop high performance purchasing and supply chain organizations as we will in this course:
  • Achieve a thorough understanding of what is the best practice.
  • Establish the mission, vision, and knowledge needed to successfully implement the processes and methods needed to reach world-class performance.
  • Provide an overview of the key drivers involved when viewing supply chains from a logistics/demand point of view.
  • Explain what procurement and supply chain management are fundamentally about so that delegates are able to apply key techniques in controlling cost, time and the movement of goods and materials to customers and users.
  • Provide practical skills to take back to the workplace to enable delegates to change current methods and activities and work better with all supply chain players

Course Objectives

By the end of the course, participants will be able to:
  • 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
  • Analyze the effectiveness of your firm’s supply chain practices
  • Create an inventory strategy that speeds cash flow
  • Evaluate and work with suppliers to deliver tangible business results
  • Use analytical tools to identify supply chain risk
  • Make cost and service improvements.
  • See that better working with all of the supply chain players pays
  • Consider Key Performance Indicators (KPI’s)

Who Should Attend?

  • Contracts, Purchasing, and Procurement personnel
  • Project, Engineering, Operational, and Maintenance, personnel who are involved in the planning, and execution of purchases and contracts
  • Supply, Buying, Purchase, Logistics, Materials and Supply Chain Professionals
  • All involved in the acquisition of materials, equipment, and services and who are in organizations whose leadership want high levels of competency in those involved in these activities
  • Those who need to develop their limited understanding about Logistics and Supply Chain Management
  • Those who are looking for business gains and benefits from managing their supply chains more effectively

Course Contents

Module (01) 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
 Module (02) 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 organization
 Module (03) 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
 Module (04) Understanding the Supply Chain
  • Supply Chain Definitions
  • Supply Chain Models and Types
  • Types of process frameworks
  • Defining performance gaps
  • Customers, competitive advantage and demand
  • The Global Supply Chain
Module (05) Unlocking your Cash: Inventory Management and Optimization
  • Types of inventory
  • Applying procurement strategies that maximize inventory turns
  • Speeding the cash-to-cash cycle time
  • The financial justification for change
  • Supplier relationship management: strategies, approaches, and tools.
Module (06) A New Paradigm for Outsourcing
  • Is your relationship transactional or outcome-based?
  • Defining desired outcomes that are measurable
  • Developing an effective outsourcing contract
  • Designing a pricing model that incentivizes desired behaviors
  • Evaluating cost/service trade-offs.
Module (07) Identifying Supply Chain Instabilities and Risks
  • Internal supply chain risks
  • PESTLE and external risks
  • Risk management principles
  • Evaluation and prioritization of risks
  • Contingency and risk management planning.
Module (08) Rethinking the Supply Chain and Improving your Results
  • Rationale and approach to performance management
  • Identifying, defining, and tracking your metrics
  • Incentives and continuous improvement
  • Reengineering supply chains end to end to minimize risk
  • Organization development

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