Procurement Strategy, Supply Chains, Logistics and Warehouse Management

Course Outline

Overview

The management of the procurement function itself – as opposed to the management by procurement staff of contractors and suppliers – can make the difference between having a purely administrative, internal service provider team that operates in the background, or a strategically important function that can help shape the success of the enterprise. If the head of procurement is a mid-ranking manager he or she may not have the ear of the chief executive. But if the company has a Chief Procurement Officer in the “C Suite”, working alongside his or her peers from Finance, Operations and Technology, then it’s fair to assume procurement is seen as key to delivering the corporate strategy. This course looks at aspects of procurement at its most influential and value-adding.

This course provides delegates with an in-depth:

• review of the critical success factors within Supply Chain Strategy from the Value Chain concept, through to establishing effective process and informational flows, and concludes with improving supply chain resilience in the face of global change and threats both current and future.
• exploration of the key elements within successful supply chain management including: forward demand planning techniques and approaches, effectively enhancing efficiency, managing bottleneck situations and concludes with the development and enhancement of effective risk management within the supply chain environment.
• understanding of global logistics management, from the impacts upon supply chain efficiency, through to the use of hub strategies, and fleet management whether in house or via a 3PL or 4PL outsource arrangement.
• understanding of end-to-end Warehouse Management system, from the role and contribution of the warehouse function, through to optimizing the cost of warehousing, and concluding with effective inventory management techniques and models to ensure that safety stock, mission critical items and slow/obsolete inventory items are affectively managed to provide availability at optimal cost.

The course includes site visits to organizations relevant to the course so delegates can develop an understanding of how their contemporaries function in the real-world.

The course will wrap with a summary of the key learning points, followed by an action planning exercise with a view to apply the acquired knowledge and skills immediately upon your return to work. Post-course support is also available in relation to the implementation of your action plan, up to six (6) months following course completion.

Agenda

• Procurement and Business Strategy
• Managing Procurement Risk
• Procurement – Performance Measurement and Governance
• Understand Supply Chains and Value Chains
• Supply Chain Strategy – Process and Data Flow
• Supply Chain Strategy – Resilience and Efficiency
• Supply Chain Management – Enhancing Responsiveness
• Supply Chain Management – Improving Flow
• Supply Chain Management Techniques
• Role and Contribution of Logistics within the organization
• Managing Logistics Assets
• Global Logistics Management
• Role and Contribution of the Warehouse Function to the Organization
• Warehouse Management Techniques
• Inventory Management Techniques
• Site visits
• Action Planning

Target Audience

This course is suitable for:

• Procurement Officers, analysts and managers.
• Contract Engineers and analysts.
• Quantity Surveyors
• Commercial advisers
• Procurement team members
• General managers
• Executives tasked with managing contracts.
• Contract Administrators
• Anyone who wishes to have a good understanding and involvement in purchasing activities.
• Risk Managers
• Quality Managers
• Business Improvement teams
• Supply Chain Managers
• Logistics & Distribution Managers
• Freight Expediters
• Inventory Managers
• Stock Controllers

Learning Outcomes

Upon completion of this course, you will:

• Learn about the value Procurement can bring to delivering the corporate strategy.
• Consider how to structure the procurement function, to make the biggest difference inside organizations.
• Acquire skills in important procurement activities, such as value chain analysis, purchasing portfolio management and category management.
• Practice techniques in benchmarking the performance of the procurement team.
• Appreciate and apply Value Chain concepts.
• Effectively establish and enhance process and data flows.
• Build and enhance Supply Chain Resilience and ability to meet current and future state changes and threats.
• Understand and apply effective forward demand planning techniques.
• Develop improved supply chain efficiency and continuous improvement.
• Effectively manage supply chain risk.
• Effectively manage global multi-modal logistics.
• Appreciate and utilize hub strategies to improve customer lead time and satisfaction whilst reducing the cost to serve.
• Utilize effective fleet management techniques.
• Understand the role and key contributions of the warehouse function to the organization and its competitive strategy and revenue flows.
• Optimize the cost of warehousing.
• Develop and enhance effective inventory control and stock management/analysis techniques.
• Develop a practical perspective into contemporary work practices in your field.
• Implement an Action Plan at your workplace using the knowledge and skills acquired through the course.