Procurement and Supply Planning Tools and Techniques

INTRODUCTION

Have you ever wondered how businesses manage their relationships with thousands of suppliers? Procurement and supply planning is an essential component of running a successful supply chain. This course will teach you about the use of supply planning tools and techniques. You will master the supplier selection process and supplier segmentation as part of a larger specialty in Supply Chain Management. After finishing this course, you will have the tools and strategies to discover the appropriate vendors and maintain the proper relationship with any of your current suppliers.

COURSE METHODOLOGY

This course is designed in the form of workshop which will includes a variety of learning tools to help participants function effectively and efficiently in a multifunctional environment through various methodologies including;

• Short lectures
• Brainstorming
• Case studies
• Group activities
• Role playing

COURSE OBJECTIVES

The attendees of this Certificate Program will be able to:

• Understand the various types of organizational purchases and the appropriate inventory planning techniques for them.
• Master demand forecasting for supply planning.
• Excel in negotiating techniques.
• Categorize suppliers and bargain effectively with them.
• Understand the delivery terms included in contracts and procurement orders.
• Understand the various payment phrases used in contracts.
• To make purchasing selections.
• Contract terms and conditions must be understood.
• Understand the Tender Process.
• Analyze suppliers and the turnover of your assets
• Use MPS and MRP to plan the amount and timing of material and component orders.
• Be aware of inventory strategies that every procurement expert should know

 WHO SHOULD ATTEND THIS COURSE?

• Project Managers
• Operations Managers
• Procurement and logistics professionals
• Supply chain manager
• Management Representatives
• Anyone who is seeking improvement in skills for enhanced performance and career development

TARGETED SKILLS

• Procurement planning
• Business analysis
• Structured thinking
• Business forecasting
• Inventory planning
• Performance evaluation
• Procurement innovation and creativity
• Negotiation planning
• Evaluating suppliers
• Training buyers
• Writing procurement KPIs
• Market search for better suppliers