STRATEGIC PROCUREMENT AND INVENTORY MANAGEMENT SYSTEM WITH INTRODUCTION TO CONTRACT MANAGEMENT
Details
INTRODUCTION FOR STRATEGIC PROCUREMENT AND INVENTORY MANAGEMENT SYSTEM WITH INTRODUCTION TO CONTRACT MANAGEMENT
Procurement function is one of the main strategic, if not the most important function in a business organization. Company profitability and ability to drive up market share usually relying on an effective and efficient procurement management system
This 14 hours training program is designed to bring awareness, knowledge, skill, and technique to managing a effective and strategic procurement operation.
In this program, driven by a trainer with over 30 years experiences in supply chain and procurement management, participants will learn the key principal of strategic procurement management and how to implement action plan to correct any weaknesses in their current operation.
Key areas covered by this training related to procurement management are role of procurement and business challenges, strategic and tactical strategies of procurement, inventory management, managing procure to pay system and contract management.
LEARNING OBJECTIVE
By the end of the 14 hours by interactive online session, the learning curve achieve will enable the following:-
- UNDERSTAND the strategic sourcing role of procurement in business operation
- IDENTIFY The type of strategy to be in place to manage the procurement and inventory operation
- DEVELOP action plan to implement supplies management strategies
- CARRY OUT risk assessment and take action to overcome to ensure supplies are not disrupted
- MANAGING the contract management system to ensure effective management
Outline
COURSE CONTENT
Module 1 – The Role of Procurement
- Definition of Purchasing versus Procurement
- Role of Purchasing
- Role of Procurement
- Job Function of Purchasing and Procurement
- Cycle of Procurement
Module 2 – Business Challenges
- Key Operational and Business Challenges
- Key KPI for Procurement to meet business challenges
- Challenges to Procurement to meet business goals
Module 3 – Strategic and Tactical Objective and Goal of Procurement
- Definition of Strategic and Tactical
- The Ps , Qs and Rs of Procurement
- Key Objectives of Procurement and Purchasing
- Strategic Role in Procurement
- Tactical Role in Procurement
- Sourcing Strategy
- Porter 5 Forces Analysis
- Supplier Quality Management
- Supplier Relationship Management
- Supplier Performance Management
- Supplier Management Process Cycle
- Lean Management Strategy in Procurement
- Cause and Effect Technique (5 Why and 1 How) for problem evaluation
- Strategic Cost Evaluation of Quotation and the techniques
- Cost Reduction and Cost Avoidance Strategies
- Supplier Segmentation Management
- Supplier Risk Management
Module 4 – Procure to Pay
- Process of Procure to Pay
- Objective of Payment System
- International Payment System
- Discounting structure in procurement
- Payment Dispute Management
Module 5 – Inventory Management System
- Type of Inventory
- Principal of Inventory Management
- Best Practices of Inventory Management
- Cycle Counting
- Pareto Analysis
- Lean Inventory Management
Module 6 – Introduction to Procurement Contract
- Purpose of contract
- Life Cycle of contract
- Key Components
- Dispute clause
- Liability of each party
- Ethics of supply chain
- Termination and extension
- Law on contract in Malaysia (Sales of Good Act Malaysia)
Schedules
Tue, Wed | 09:00 AM — 05:00 PM |
Platform: Zoom
No. of Days: | 2 |
Total Hours: | 14 |
OTC Training Centre Sdn Bhd is an innovation leader in the development and delivery of practical outsourcing training programs for the past 17 years. Since then, OTC has supported thousands of companies to upskills their employees with personalized content and learning solutions. Today, we have evolved to provide a full suite of outsourcing services in the learning and development field.
Our training programs are entitled to HRDCorp claim, with our trainers being certified by HRDCorp as well. As a training provider, we aspire to keep providing the best training to our respected clients to ensure their satisfaction while using our service as the training provider.