Strategic Cost Management in Procurement and Supply Chain

INTRODUCTION

In this course, we will look at procurement’s function in the firm as well as some common misconceptions regarding Procurement, Purchasing, and Supply Chain professionals. You will realize how crucial our function is in the organization, and the best way to demonstrate this is to investigate the leverage impact of Procurement. Procurement savings immediately contribute to a company’s profit.

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:

• Define the buying department’s strategic function.
• Perform a thorough supplier evaluation.
• Create successful negotiating strategy for all suppliers.
• Describe the significance of value analysis in purchasing.
• Assess the department’s performance using appropriate Key Performance Indicators (KPIs)
• Increase the buying department’s efficiency.

 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

• Strategic purchasing operations
• Item value analysis
• Departmental management
• Negotiation
• Purchasing ethics
• Supplier evaluation