Course Details
Course Outline
5 days course
Introduction to Procurement and Supply Chain Management
- Overview of Procurement and Supply Chain Management: Definitions, differences, and interlinkages.
- Importance of procurement and supply chain management in business.
- Understanding the Procurement Cycle: From identifying needs to final payment.
- Introduction to Supply Chain Management: From sourcing raw materials to delivering final products.
Strategic Procurement
- Developing a procurement strategy: Aligning procurement with organizational objectives.
- Supplier selection and management: Criteria, negotiation, and relationship management.
- Risk Management in Procurement: Identifying, assessing, and mitigating risks.
- Category management: Strategies for effective category management.
Operational Efficiency in Supply Chain
- Understanding and implementing Lean Supply Chain principles.
- The role of technology in enhancing supply chain efficiency: ERP systems, AI, and IoT.
- Inventory management: Techniques for effective inventory control.
- Quality Management in the Supply Chain: Ensuring product quality and customer satisfaction.
Ethical and Sustainable Procurement
- Understanding ethical procurement: Fair trade, labor rights, and anti-corruption practices.
- The role of procurement in sustainability: Green procurement strategies.
- Implementing ethical and sustainable procurement practices: Challenges and solutions.
- Regulatory compliance in procurement: Understanding relevant laws and regulations.
Future Trends in Procurement and Supply Chain Management
- Impact of globalization on procurement and supply chain management.
- Exploring the potential of emerging technologies: Blockchain, AI, and automation.
- The future of procurement and supply chain management: Predictions and preparations.
- Skills for the future: Essential skills for procurement and supply chain professionals in the digital age.
