Effective Purchasing & Supply Management Workshop

Synerflex Consulting
Bayan Baru, Penang, Malaysia

Course Format: Classroom | E-learning | Virtual Class | Online | On-site | Blended | Self-paced

Course Description:

'' Effective purchasing and supply management can contribute significantly to the success of modern organizations. Strategic supply management is founded on the conviction that a significant competitive edge can be gained from the supplier an organization has developed and its supply systems and supplier relations. Participants will be energized and equipped with good understanding of latest concepts to complement their challenging functions.

Objectives:
After attending the workshop, the participants will be able to understand more on
�New customer-supplier relationship
�Changing role of purchasing
�Supply management strategies
�Application of JIT concepts throughout the supply chain

Who should attend?
This workshop is beneficial to directors, managers and executives from Purchasing, Planning, Materials & Inventory Control, Production, Warehouse, Logistics, Supplier Quality Engineering, Customer Service and Finance.

Workshop Methodology
Participants will be stimulated to participate with active interaction in team activities like group discussions & presentations, business games & modeling and Harvard business case studies.

What you will learn?
1. Introduction of Purchasing
�What is Purchasing?
�What is Procurement?
�Purchasing Objective
�Critical Steps in Purchasing
2. Sourcing Strategy
�Make or buy
�Reasons of make instead of buy
�Reasons of buying from outside
�Outsourcing
3. Strategic Differences of Using Many Suppliers VS A few Suppliers
�Many Suppliers
�A Few Suppliers
�Supplier Relationship Management
4. How to Select Supplier (Supplier Selection)
�Supplier Evaluation
�Supplier Development
�Understanding Different Price Model
�Negotiation in Purchasing
5. Strategic Alliances & Partnership Strategies
�Quick Response Strategy
�Continuous Replenishment Program (CRP)
�Vendor Managed Inventory (VMI)
6. Supply Chain Key Performance Metrics
�Service metrics
�Assets metrics
�Speed metrics
7. Carrying Stock Costs & Safety Stock
�Opportunity Costs of Invested $$$
�Insurance Costs
�Inventory Service Costs
�Obsolescence & Deterioration
�Safety Stock & Min Max Policy
8. Just in Time (JIT)
�History of JIT
�How to accomplish JIT
�Pull & Push System
�Kanban
...''

Phone:604-646 7110

School Address:

53-2, Persiaran Bayan Indah,Bayan Bay, 11900 Penang, Malaysia

Jobs & Resumes: Bayan Baru
Houses & Roommates: Bayan Baru

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