Supply Chain Best Practices
Course Code: PM21
Course Objective
- 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)
Target Audience
- 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 Outline
DAY 1: 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
- DAY 2: 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
DAY 3: 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
DAY 4: 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
DAY 5: Contingency Procurement Decisions
- The Different Contingency Situations
- Contingency Management
- Procurement Performance Measurement
- Spend Analysis
- Total Cost of Ownership
- Supplier Performance Measurement
- Module II - Logistics and Supply Chain Management
DAY 6: Understanding Logistics and the Supply Chain
- Definitions of Logistics and Supply Chain Management
- History and the Development
- Understanding the Supply Chain dynamics
- International and Global Logistics
- Supply Chain Operations Reference Models (SCOR)
- The Theory of Constraints (TOC)
DAY 7: Transportation Economics
- The Role of Transportation in Logistics
- Management Key Decisions
- Types of Mode or Intermodal System
- International Commercial Terms in Transportation and the Liabilities
- Documentation in Transportation
- Hazardous Materials Transportation
DAY 8: Performance, Risk and Warehouse Management
- Key Performance Indicators (KPI)
- Warehouse Management:
- Role in the Supply Chain
- Flows
- Equipment Selection
- Supply Chain Risks:
- Operational
- Inventory
- Exchange Rates
- Financial
- Disruption
- Security
DAY 9: Procurement in Supply Chain
- The Difference between Procurement and Purchasing
- What is the role of Procurement and Purchasing?
- Support Operational Requirements
- Manage the Procurement Process and the Supply Base
- Develop Strong Relationships with Other Functional Groups
- Team Roles and Responsibilities
DAY 10: Inventory Management
- Statistics in Inventory Management
- Financial in Inventory Management
- Selective Inventory Control Management
- Understanding Inventory Status
- Reducing Excess and Obsolete Inventory
- Improving the Organisation’s Logistics and Supply Chain
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