Strategic Procurement and Inventory Management

by Aventis Learning Group (ALG) Claim Listing

Procurement and Inventory management plays an important role in the profitability and success of every business. The way the purchasing function is managed and run will greatly influence any company’s bottom line.

S$635

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img Duration

1 Day

Course Details

Procurement and Inventory management plays an important role in the profitability and success of every business. The way the purchasing function is managed and run will greatly influence any company’s bottom line.

This course aims to provide purchasing personnel, as well as people who need to purchase big or small ticket items in their work, with the knowledge to be efficient, effective and ultimately to purchase materials and services at the best prices without sacrificing quality and service.

It highlights on how purchasing personnel can help to increase productivity and achieve cost savings through effective purchasing.

 

Outline:

  • Definition of Procurement
    • Roles and responsibilities of procurement
    • Evolution of procurement: the shift from operational to strategic
    • Types of procurement strategy
  • Negotiation In Procurement
    • Case on negotiation: Orange discussion
    • What to negotiate?
    • Negotiation techniques: 2 types
    • Negotiation Checklist
  • Cost reduction process
    • ABC cost reduction analysis
    • Principles of Ordering & Carrying Costs
    • Direct materials cost reduction: a scientific technique
    • Indirect Materials Cost Reduction (MRO items): scientific measurement
  • Suppliers' cost reduction responsibilities
    • a look into the ways suppliers calculate their cost
    • how to spot if suppliers are over-charging you
    • become an all-rounder awareness of procurement cost

 

Outcomes:

In this course, learners will be able to:

  • Understand the strategic importance of procurement;
  • Obtain up-to-date negotiations techniques and effective guides in preparing a negotiation;
  • Master the cost reduction process and techniques in procurement;
  • Develop competency and commitment in cost reduction responsibilities;
  • Improve the procurement functions and contribute to organisation’s efficiency, productivity and profitability.
  • Central Branch

    100 Orchard Road #04-100 Concorde Hotel, Central
  • Teacher's Name
  • Andrew
  • Teacher's Experience
  • Andrew Cheah has been a trainer and management consultant since 1991, specialising in the areas of performance management, productivity improvement, behavioural change and leadership. Andrew has trained clients from diverse industries such as in banking, insurance, hospitality, sales and distribution, manufacturing, food, property development, government/public services, and higher education. Being tri-lingual (English, Mandarin, and Malay Languages), Andrew has extensive regional exposure in Singapore, United Arab Emirates, Malaysia, China, Thailand, Indonesia and Vietnam. In addition to training, Andrew has guided and provided consulting services to clients, leading to one of them winning the prestigious Malaysian National Productivity Award presented by the previous Malaysian Prime Minister, Tun Dr. Mahathir. Andrew has also been invited to speak in events such as International Conference on Best Practices, which was graced by senior officials from the Ministry of International Trade and Industry (MITI), sharing the stage with Professor Michael Gregory of the University of Cambridge, Mr Dieter Heyl (2007 Vice President of Mercedes Benz Malaysia), and Dr Marcus Chao, President of Lean China Enterprise Inc. Andrew has an MBA degree qualification with the University of Portsmouth, UK. At the professional level, Andrew has a certificate in Blue Ocean Leadership Masterclass, as well as Leading Dimensions Profiling Trainer Certification (LDP certified). In addition to being a qualified ISO9000 assessor, his experience in international consultancy has also earned him a membership with the Association of Productivity Specialist in New York.
  • Gender
  • Male
  • Teacher's Nationality
  • N/A

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