Enterprise Risk Management (ERM) and Strategic Resilience
25/10/2024Supply Chain Risk Management
25/10/2024Strategic Purchasing and Supply Management
£4,000.00
Overview:
This program provides essential skills in strategic purchasing and supply management, focusing on building robust procurement processes, strategic sourcing, and managing supplier relationships for enhanced organizational performance and resilience.
Program Objectives:
By the end of this course, participants will be able to:
- Understand the critical role of strategic purchasing in achieving business goals.
- Implement efficient procurement processes and optimize sourcing strategies.
- Cultivate strong supplier relationships to mitigate risks and drive value.
- Enhance supply chain operations with lean and agile principles.
- Utilize analytics and technology for informed purchasing decisions.
Target Audience:
- Procurement Managers and Officers
- Supply Chain and Operations Managers
- Purchasing Specialists
- Inventory Managers
- Professionals in procurement and supply chain management roles
Program Outline:
Day 1: Essentials of Strategic Purchasing
- Role of purchasing in organizational success.
- Procurement process best practices and efficiencies.
- Introduction to strategic sourcing models and vendor selection criteria.
- Cost reduction strategies and impact on supply chain.
- Real-world examples of strategic purchasing success.
Day 2: Supplier Relationship and Risk Management
- Building and maintaining strategic supplier partnerships.
- Supplier evaluation and performance measurement techniques.
- Negotiation tactics for long-term contracts.
- Addressing risks within supplier relationships.
- Collaboration with suppliers for innovation and value addition.
Day 3: Supply Chain Efficiency and Inventory Management
- Streamlining supply chain processes for optimal performance.
- Advanced inventory management techniques.
- Demand planning and demand forecasting strategies.
- Lean, agile, and hybrid models in supply chain management.
- Logistics optimization for cost savings and service improvement.
Day 4: Strategic Decision-Making Tools in Procurement
- Data analytics in procurement for informed decision-making.
- Total cost of ownership (TCO) analysis.
- Make-or-buy decisions and their strategic implications.
- Integrating ethics and sustainability in procurement practices.
- Role of digital tools and platforms in strategic sourcing.
Day 5: Implementing and Sustaining Strategic Purchasing Initiatives
- Change management principles in procurement transformation.
- Engaging stakeholders and managing expectations.
- Continuous improvement frameworks for purchasing functions.
- Key performance indicators (KPIs) in procurement.
- Sustainable procurement practices and corporate social responsibility.