Training Objectives:
After this training, your participants will be able to:
- Understand how to develop and effective procurement strategy for your company
- How to align your procurement strategies to your current business and market needs
- Better manage the supplier’s relationship and learn different types of suppliers’ partnership strategies
- Why Lean or Agile is so important in today’s VUCA supply chain
- Learn the different inventory control best practices to prevent losses
- Aware of the latest inventory management tools and their benefits
Strategic procurement is a company-wide process that aims to ensure the timely supply of goods and services in line with your business goals, while reducing risk within the supply chain and your operations. Good procurement strategies are becoming more important today due to the impact of the recent pandemic and political events around the globe.
With the challenges we faced today in the supply chain, companies have to learn how to apply the best practices of how to manage a lean supply chain. Effective procurement, purchasing and inventory management can contribute significantly to the success of your companies.
Effective purchasing and sourcing management techniques are extremely critical in ensuring ongoing competitive advantage for organizations. The processes involved selecting and managing the best suppliers and managing costs are increasingly becoming more complex and this training will highlight the various solutions available today.
Besides having a good procurement strategies, we also need to be able to manage our inventory within our operations. With the hike in pricing and shortages in the supply chain, we can’t afford to have poor management of our inventory. This training will enable you to learn what are the best ways to control your inventory to avoid losses to your companies.
Who Should Attend?
This workshop is specially designed for directors, managers, leaders, supervisors, line leaders and executives working in procurement, purchasing, warehouse, inventory control, materials and logistics department, who needs to solve their supply chain related issues or challenges.
Course Content
- Strategic Procurement – The Key to Your Organization Competitiveness
- Procurement Strategies to Achieve Your Business Goals
- Effective Supplier Selection and Supplier Relationship Management
- Strategic Supplier Alliances & Partnership Strategies
- Lean Supply Chain and Effective Inventory Management
- Analyzing and Categorizing Your Inventory for More Effective Inventory Management
- Positioning your inventory in a global supply chain to respond promptly to your market
- Latest Procurement and Inventory Management Trends
