McTimothy Associates

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Executive Course in Procurement and Supply Chain Management (PSCM)

Why Attend

Procurement is at the heart of the supply chain function as the purchasing department can spend up to 70% of a company’s money. In this course, we will explore the strategic role of the procurement function and how this department can contribute to the entire organization. Supplier evaluation and negotiation will be discussed to maximize the contribution of the procurement department. Furthermore, the latest innovative techniques for continuous improvement in the procurement department will be explored.

$ 126.90

Event Date: 11/04/2024 – 13/04/2024

Total:

More Dates

14/08/2024 – 16/08/2024

Price: $ 126.90

14/11/2024 – 16/11/2024

Price: $ 126.90

  • Role of procurement management
    • Total value analysis
    • Linking the procurement function to the organization’s strategy
    • Optimizing procurement productivity
    • Proper buying of materials
    • Proper buying of services
    • Proper buying of capital equipment
    • Speeding up the production of the final product
    • Linking the purchasing function to the other supply chain functions
  • Negotiating with suppliers
    • Qualities of a successful negotiator
    • Proper planning strategies
    • Preparing the right list of questions
    • Things to do before the negotiation
    • Things to do during the negotiation
    • Things to do after the negotiation
    • The right time to negotiate with suppliers
    • The number of suppliers to negotiate with
    • Choosing the right suppliers
  • Managing and evaluating the department’s performance
    • Centralization versus decentralization
    • Advantages of centralized procurement
    • Advantages of decentralized procurement
    • Reasons for departmental performance appraisal
    • Creating a strong purchasing team
    • Distributing the correct workload among the buyers
    • Increasing the efficiency of the buyers
    • Increasing the team spirit within the department
    • Designing and conducting end-users surveys
  • Training the procurement staff
    • Technical training on purchased items to increase productivity
    • The number of training hours per year
    • Visiting the supplier plant as a training tool
    • Visiting the supplier warehouse as a training tool
    • Commodity rotation as a training tool
    • Continuous professional development
    • Training on ethical behavior
  • Kaizen and continuous improvement in procurement
    • Innovative purchasing methods
    • Implementing new creative procurement ideas
    • Improvement initiatives
    • Monitoring global market conditions
    • Updating procurement KPIs
    • The right number of procurement KPIs
    • Adding value to the total organization
  • Modern supply chain and logistics trends
    • Supply chain overview
    • Role of logistics
    • Sustainability in supply chains and logistics
    • Supply chain configuration
    • 3PL concepts
    • 4PL concepts
  • Materials forecasting and inventory planning
    • Qualitative forecasting theories
    • Forecasting panels
    • Thought leaders
    • Delphi technique
    • Quantitative forecasting techniques
    • Seasonal demand forecasting
    • Moving average
    • Weighted moving average
    • Exponential smoothing
    • Forecasting error
    • Identifying bias
    • Determining economic order quantities
    • Determining reorder points
    • Replenishment strategies
    • Make-to-stock
    • Make-to-order
    • Assemble-to-order
  • Procurement and go-to-market strategies
    • Role of procurement
    • Procurement process flows
    • Sourcing strategies
    • Vendor management
    • Partnerships and alliances
  • Role of warehousing in procurement
    • Warehousing network design
    • Configuration of warehousing space
    • Value-adding activities
    • Stockpiling, spot stocking, and assortments
    • Cross-docking, break bulking, and consolidation
    • Mixing, postponement, and assembly-to-order
    • Warehousing equipment and tools
    • Reverse logistics
  • Supply Chain Operations Reference (SCOR) framework for performance management
    • SCOR framework overview
    • Identifying level 1, 2, and 3 SCOR metrics
    • Customizing level 4 SCOR metrics
    • Setting performance targets
    • Continuous performance improvement

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