Procurement and Supply Chain Management Best Practices
INTRODUCTION
Procurement & Supply Chain plays significant role in adding value to the organisation and positive impact on the profitability. The importance of the function has increased recognition from executive board of organisation across all industry. Hence, it is essential to have up to date knowledge for the professionals regarding organisational objectives, best practices in the value chain, formulate strategies, management of risk and supply security. These are necessary to achieve competitive advantage in the highly competitive global market.
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 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.
Objectives
- Understand the role of Procurement and Supply Chain and its contribution to achieving organisational objectives
- Understand International Best Practices and influence of the External Environment
- Evaluate internal spend and supply market dynamics to formulate strategic sourcing plan
- Application of different sourcing strategies to leverage savings and ensure supply security
- Management of supplier and market associated risks to protect the interest of the organisation