Procurement and Supply Chain Management Course

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Why Attend

A well-structured procurement and supply chain management strategy is essential for organizations aiming to minimize costs, enhance efficiency, and ensure seamless operations. This course provides in-depth knowledge on sourcing and procurement in supply chain management, equipping professionals with the skills to manage suppliers, optimize inventory, and implement best practices. Participants will learn to develop strategic procurement plans, improve operational workflows, and align sourcing strategies with corporate objectives

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Course Overview

The creation and implementation of well-thought-out strategies for the purchase of materials, goods, equipment, and services have become a critical issue for organizations looking to minimize operating costs while boosting quality and productivity.

This Training on Procurement and Supply Chain Management covers the essential principles, procedures, terminology, techniques, and instruments used in purchasing and supply management.

Participants will gain practical knowledge on how to create effective strategies that meet the needs of internal and external customers, ensuring the accomplishment of corporate goals. This course will also explore methods to evaluate spending and supply market dynamics, helping participants design effective sourcing and supply chain strategies. Furthermore, it will cover global best practices and the impact of the external environment on procurement and supply.

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Target Participants

This training is ideal for:

• Procurement and supply chain management staff
• Project managers
• Finance staff
• Operational staff
• Government officials
• Other professionals looking to enhance their procurement and supply chain management skills

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What You Will Learn

By the end of this course, participants will be able to:

• Understand the importance of procurement and supply chain management in achieving organizational goals.
• Apply global best practices in procurement and supply chain management.
• Create strategic sourcing plans by evaluating internal spending and analyzing supply market trends.
• Utilize various sourcing techniques to maximize cost savings and ensure supply security.
• Improve procurement processes for continuous development and operational efficiency.
• Gain insights into optimizing supply chains and logistics for competitive advantage.

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Course Outline

Procurement as a Dynamic, Interactive System

• Definition of procurement
• The system approach vs. the traditional functional approach
• The goal of procurement
• Developing a strategic procurement plan
• Overview of the procurement process
• Procurement as part of the supply chain

Developing Strategic Procurement Decisions

• Make/buy decisions
• Vertical integration
• Alliances and partnerships
• Inter-company trade
• Reciprocity and countertrade
• Supplier strategy
• Coordination strategy
• Purchasing organization

Implementing Tactical Procurement Decisions

• Supplier involvement
• Value analysis
• Quality assurance
• Supplier selection, rating, and ranking
• Contract management
• IT systems and e-procurement
• Policies and procedures
• Staffing the procurement department

Managing Operational Procurement Decisions

• Selecting the appropriate ordering process
• Addressing quality issues
• Follow-up and expediting overdue orders
• The payment process
• Reducing procurement costs: small-value purchase orders

Contingency Procurement Decisions

• Different contingency situations
• Contingency management in procurement

Procurement Performance Measurement

• Spend analysis
• Total cost of ownership
• Supplier performance evaluation

Introduction to Supply Chain Management

• Definition and principles
• Supply chain and competitive performance
• The evolving competitive environment
• Supply Chain Operations Reference Models (SCOR)
• Theory of Constraints (TOC)

Logistics and Distribution

• Concepts of logistics and distribution
• Integrated logistics and supply chain
• Customer service and logistics
• Channels of distribution
• Challenges in logistics and supply chain

Procurement in Supply Chain

• Procurement vs. purchasing
• Role of procurement and purchasing in supply chain
• Supporting operational requirements
• Managing the procurement process and supply base
• Team roles and responsibilities

Inventory Planning and Management

• Why stockholding is necessary
• Types of inventory
• Stockholding policy implications
• Inventory costs and management strategies
• Inventory replenishment systems
• Demand forecasting

Inventory and Supply Chain

• Understanding inventory requirements
• Lead-time gap analysis
• Inventory planning for manufacturing and retailing

Warehousing and Storage

• Principles of warehousing
• Storage and handling systems
• Order picking and packing
• Receiving and dispatch operations
• Warehouse design and management

Operational Management

• Cost and performance monitoring
• Benchmarking strategies
• Information and communication technology in the supply chain
• Outsourcing and outsourcing management
• Security and safety in distribution
• Logistics and environmental considerations

Supply Chain Risks

• Operational risks
• Inventory risks
• Exchange rate risks
• Financial risks
• Disruption risks
• Security risks

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Training Approach

This procurement and supply chain management training is delivered by experts with vast experience in the field. The course is taught through a mix of:

• Practical activities
• Theoretical concepts
• Group discussions
• Case studies

Participants will also receive training manuals and additional reference materials for further learning.

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This Training on Procurement and Supply Chain Management is an excellent opportunity for professionals aiming to develop expertise in sourcing and procurement in supply chain management. Whether you’re pursuing a master’s in procurement and supply chain management in Nigeria or enhancing your skills in procurement logistics and supply chain management, this course equips you with practical knowledge and strategies to excel in your career.

Check out Procurement, Tendering, and Contract Management (Certified)