Procurement and Supply Chain Management Best Practices

Objectives

• 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)

Outline

Module I – Procurement Best Practices
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

Module II – Logistics and Supply Chain Management
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)
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
Performance, Risk and Warehouse Management
• Key Performance Indicators (KPI)
• Warehouse Management
o Role in the Supply Chain
o Flows
o Equipment Selection
• Supply Chain Risks
o Operational
o Inventory
o Exchange Rates
o Financial
o Disruption
o Security
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
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

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