SCHEDULE
| Dates | Venue | Category |
| 18-22 September 2023 | Kuala Lumpur – Malaysia | Supply Chain-Procurement |
| 9-13 October 2023 | Port Moresby – Papua New Guinea | Supply Chain-Procurement |
INTRODUCTION
In this era of globalisation, Procurement & Supply Chain play a crucial role in delivering value to the organisation and having a beneficial impact on its profitability. The function’s value has been recognised by the executive boards of organisations across all industries. As a result, it is critical for professionals to have current understanding of organisational objectives, best practices in the value chain, formulating strategies, risk management, and supplier security. These are required to gain a competitive advantage in today’s highly competitive global economy.
This training is designed to help contracts and procurement professionals understand and manage with the rising complexity of commercial and business relationships. All business professionals should understand how and why contracts transfer risk to the contract’s parties, as well as the implications of failing to meet that risk.
Businesses require procurement improvements in order to accomplish their strategic goals. This course encourages best practices in procurement activities as well as focusing on the “proper” topics such as compliance, creativity, and supplier market expertise. It specifies how to quantify purchasing and contract contributions in order for these vital operations to be recognized as core competencies.
BENEFITS OF ATTENDING
Upon the completion of this training, participants will be able to:
- Understand the importance of procurement and supply chain in accomplishing organisational objectives.
- Recognise international best practices and the impact of the external environment
- To develop a strategic sourcing plan, evaluate internal spending and supply market trends
- Manage procurement process performance for ongoing improvement.
- Understanding of methodologies and frameworks that can be used to various market segments
- Enhance their awareness of the function of contracts within an organisation.
- Develop greater assurance when addressing contracting concerns.
- Gain an understanding of how purchasing and contract strategies can be built to enhance commercial outcomes.
- Learn how to create purchasing organisations with high levels of performance.
WHO SHOULD ATTEND?
This course has been specifically designed for Supply Chain Executives, Logistic Executives, Sales Executives, Warehouse and Operation Executives, Purchasing Executives, Buyers. It is beneficial for procurement and supply chain personnel seeking supply chain integration or who need to understand the impact of supply chain decisions upon streamlining the company’s overall operations performance.
This course is also for Purchasing Managers, Executives, Officers and other users who are involved in contract negotiation and contract drafting.
COURSE OUTLINE
PROCUREMENT & SUPPLY CHAIN MANAGEMENT MODULES:
Module 1 – Role of Procurement & Contribution Overview
- Purchasing and its contribution to the organisation
- Mission and Vision of Procurement
- International Best Practices in Procurement
- The influence of the External Environment in Procurement
- Developing a World class procurement strategy
- The Procurement Cycle – Process Overview
Module 2 – Setting the Strategic Sourcing Methodology
- Spend Category Analysis & Strategy
- Profiling spend categories
- Assessing market risks
- Analysing financial impact
- Mapping spend categories (Routine, Bottleneck and Strategic Items)
- Consolidating category reports
- Segmentation and analysis of suppliers
- Supplier Analysis & Strategy
- Implementation of Strategic Outcome
Module 3 – Development of Procurement Processes and Implementation
- Develop procurement processes
- Mapping of procurement processes
- Define strategic and operational processes
- Procurement Guideline and Internal Controls
- Integrating ethical principles
- Implement procurement processes
- Managing RFI, RFQ and RFP processes
- Application of bid evaluation criteria
- Working with Stakeholders in Procurement
- Implementing Contract Management Process
- Using procurement decision matrix (by value and ordering channel)
- Employing purchasing tools and templates
- Applying Total Cost of Ownership (TCO)
Module 4 – Supplier Integration and Management
- Supplier Pre-qualification
- Supplier Rating and Ranking
- Identifying and Mitigating Risk
- Partnering with suppliers
- Building good relationships with suppliers
- Negotiating Principles and Strategies
- Managing Supplier Level Agreements (SLAs)
- Define supplier base optimization
- Applying eProcurement business process
Module 5 – Performance Management and Continues Improvement
- Supplier Performance Measurement and Evaluation
- Quality Management for Strategic Sourcing
- Pursuing Global Supply Management Excellence
- Continues Optimization of Small Value Purchase Orders
- Cost Reduction Initiatives
- Developing Procurement Key Performance Indicators (KPIs)
- Action Planning for implementation
Module 6 – Procurement in Supply Chain
- The difference between Procurement and Purchasing
- What is the role of Procurement and Purchasing?
- Support Operational Requirements
- Manage the Procurement Process and the Supply Base
- Develop Strong Relationships with Other Functional Groups
- Team Roles and responsibilities
Module 7 – Inventory Management
- Statistics in inventory management
- Financial in inventory management
- Selective inventory control management
- Understanding Inventory status
- Reducing excess and obsolete inventory
- Improving the organization logistics and supply chain
PURCHASING & SUPPLY CONTRACTS DRAFTING MODULES:
Module 1 – The Structure of contracts
- Form of Agreement
- Hierarchy of Terms and Conditions
- Securitising performance obligations
- Bonds and guarantees
- Letters of intent, comfort or awareness
- Insurance policies
Module 2 – Change and variation
- Changes to Contract documents
- Assignment/Novation explained and distinguished
- Variation clauses and changes to the scope of work
- Claims – what they are, and how they arise
- Delay and disruption
- Force majeure
Module 3 – Resolving Disputes
- Conflict avoidance and tiered dispute resolution clauses
- Negotiation
- Litigation
- Arbitration
- Mediation, ENE and new best practices in dispute resolution and management
Module 4 – Supplier Management Approaches
- Supplier Classification System
- Supplier Qualification Methods
- Supplier Performance Metrics
- Apply Performance criteria to Purchasing Decisions
- Process Mapping To Eliminate Low Value Activities
- Applying eProcurement business process
Module 5 – Improving the Image of Procurement
- Global Sourcing
- International Labor Rates Comparison
- Developing and Maintaining a Customer Focus
- Basic Issues In Corruption And Fraud Prevention
- Increasing The Level of Procurement Professionalism
- Keeping Current in the profession