Price: AED 5,000

Duration: 2 - 3 Days

Timing: Flexible

Course Overview

This training course on Strategic Procurement and Supply Chain explores key concepts of Strategic Cost/Price Analysis, Value Analysis and Total Cost of Ownership that will move today’s supply management organization to the strategic focus needed to achieve world-class performance. Organizations sticking to outdated procedural and tactical approaches will be out competed by leading organizations utilizing the latest.  

Course Outline

I. Introduction

A. Overview of Strategic Procurement and Supply Chain  Management

1. Importance in organizational success

2. Evolving role in a globalized business environment

B. Objectives of the Training Program

1. Enhancing strategic thinking in procurement

2. Developing skills for effective supply chain management

3. Improving overall efficiency and cost-effectiveness

II. Module 1: Fundamentals of Procurement

A. Introduction to Strategic Procurement and Supply Chain 

1. Definition and scope

2. Key components and processes

B. Strategic Sourcing

1. Supplier identification and evaluation

2. Negotiation and contract management

C. Procurement Technology 1. Overview of procurement software

2. Implementation and optimization

III. Module 2: Strategic Supply Chain Management

A. Supply Chain Strategy 1. Aligning supply chain with organizational goals 2. Balancing cost and service levels

B. Risk Management in Supply Chain 1. Identifying and assessing supply chain risks 2. Developing mitigation strategies

C. Sustainable Supply Chain Practices 1. Environmental and social responsibility 2. Integration of sustainability into supply chain operations

IV. Module 3: Supplier Relationship Management (SRM)

A. Importance of SRM

1. Building strong partnerships

2. Collaborative approaches for mutual benefit

B. SRM Best Practices

1. Performance measurement and improvement

2. Conflict resolution and relationship maintenance

V. Module 4: Advanced Procurement Strategies

A. Category Management

1. Segmentation and analysis

2. Strategic sourcing for specific categories B. E-Procurement and Digital Transformation

1. Leveraging technology for efficiency

2. Automation and data analytics in procurement

VI. Module 5: Supply Chain Optimization

A. Demand Planning and Forecasting

1. Effective demand management

2. Forecasting techniques and tools

B. Inventory Management

1. Just-in-Time (JIT) principles

2. Minimizing excess inventory and holding costs

VII. Case Studies and Practical Exercises

A. Real-life scenarios and case studies

B. Group discussions and problem-solving exercises

C. Simulation of procurement and supply chain challenges

VIII. Certification and Evaluation

A. Assessment of knowledge and skills

B. Capstone project or final exam

C. Awarding of certification upon successful completion

IX. Continuous Learning and Resources

A. Access to industry publications and journals

B. Networking opportunities with professionals in the field

C. Recommendations for further education and development

X. Conclusion A. Recap of key learnings B. Encouragement for ongoing professional development C. Feedback and evaluation of the training program

 

Objective

  1. Analyze the elements of cost In supplier’s price
  2. Understand differences in international labor rates
  3. Evaluate supplier’s different pricing models & analyses supplier’s
  4. price breakdowns
  5. Understand methods of price and cost analysis
  6. Create an approach to implementing TCO analysis

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