Supply Chain Management Best Practices

Ø INTRODUCTION

The development and implementation of carefully crafted strategies for the acquisition of all materials, goods, equipment and services has become a critical issue in all organizations wishing to reduce operating cost while improving quality and productivity. This IACT Procurement and Supply Chain Management Best Practices training seminar explores key concepts forming the basis of procurement and supply chain management and moves through leading edge issues that confront organizations today.

This fast paced IACT training seminar is designed for those wanting to develop high performance purchasing and supply chain organizations as we will in this training course:

· Achieve a thorough understanding of what is the best practice

· Establish the mission, vision, and knowledge needed to successfully implement the processes and methods needed to reach world-class performance

· Provide an overview of the key drivers involved when viewing supply chains from a logistics/demand point of view

· Explain what procurement and supply chain management are fundamentally about so that delegates are able to apply key techniques in controlling cost, time and the movement of goods and materials to customers and users

· Provide practical skills to take back to the workplace to enable delegates to change current methods and activities and work better with all supply chain players

Ø Objectives

At this program's conclusion, participants should be able to:

· Review the meaning of strategic procurement

· Be given examples of best practices in procurement and the supply chain

· Review how to obtain best pricing

· Be taught how to develop spend analysis

· Develop a functional and cross functional view of the supply chain

· See that better working with all of the supply chain players pays

· Consider Key Performance Indicators (KPI’s)

Ø TRAINING METHODOLOGY

This training course will combine presentations with instructor-guided interactive discussions between participants relating to their individual workplace. Practical exercises, video material and case studies aiming at stimulating these discussions and providing maximum benefit to the participants will support the training.

This interactive training course includes the following training methodologies as a percentage of the total tuition hours:

l 30% Lectures, Concepts, Role Play

l 30% Workshops & Work Presentations, Techniques

l 20% Based on Case Studies & Practical Exercises

l 20% Videos, Software & General Discussions

l Pre and Post Test

Ø WHO SHOULD ATTEND?

l Contracts, Purchasing, and Procurement Personnel

l Project, Engineering, Operational, and Maintenance, Personnel who are involved in the planning, and execution of purchases and contracts

l Supply, Buying, Purchase, Logistics, Materials and Supply Chain Professionals

l All involved in the acquisition of materials, equipment, and services and who are in organizations whose leadership want high levels of competency in those involved in these activities

l Those who need to develop their limited understanding about Logistics and Supply Chain Management

l Those who are looking for business gains and benefits from managing their supply chains more effectively

Outline

Day 1

Seeing Procurement as a Dynamic, Interactive System

l The System Approach vs. the Traditional Functional Approach

l Developing the Strategic Procurement Plan

l An Overview of the Procurement Process

l Procurement as Part of the Supply Chain

Developing the Strategic Procurement Decisions

l Make / Buy Decision

l Vertical Integration

l Alliances and Partnerships

l Inter-company Trade ,Reciprocity and Counter Trade

l Supplier Strategy ,The Coordination Strategy

l The Purchasing Organization

Day  2

Implementing the Tactical Procurement Decisions

l Supplier Involvement, Value Analysis, Quality Assurance

l Supplier Selection, Supplier Rating and Ranking

l Contract Management

l IT Systems and e-Procurement

l Staffing the Procurement Department

Dealing with Operational Procurement Decisions

l Selecting the most Appropriate Ordering Process

l Addressing Quality Issues

l Follow-up, Overdue Orders, Expediting, The Payment Process

l Reducing the Cost of Procurement: Small Value Purchase Order

Contingency Procurement Decisions

l The Different Contingency Situations

l Procurement Performance Measurement

Procurement Performance Measurement

l Total Cost of Ownership

l Supplier Performance Measurement

Day 3

Understanding Logistics and the Supply Chain

l Definitions of Logistics and Supply Chain Management

l Understanding the Supply Chain Dynamics

l International and Global Logistics

l Supply Chain Operations Reference Models (SCOR)

l The Theory of Constraints (TOC)

Transportation Economics

l The Role of Transportation in Logistics

l Types of Mode or Intermodal System

l International Commercial Terms in Transportation and the Liabilities

l Documentation in Transportation

Hazardous Materials Transportation

Day 4

Performance, Risk and Warehouse Management

l Key Performance Indicators (KPI)

l Warehouse Management

l Role in the Supply Chain

l Flows, Equipment Selection

l Supply Chain Risks

l Operational, Inventory, Exchange Rates, Financial

l Disruption, Security

Procurement in Supply Chain

l The Difference between Procurement and Purchasing

l What is the role of Procurement and Purchasing?

l Support Operational Requirements

l Manage the Procurement Process and the Supply Base

l Develop Strong Relationships with Other Functional Groups

l Team Roles and Responsibilities

Day 5

Inventory Management

l Statistics in Inventory Management

l Financial in Inventory Management

l Selective Inventory Control Management

l Understanding Inventory Status

l Reducing Excess and Obsolete Inventory

l Improving the Organization's Logistics and Supply Chain