Course Outline:
- Definition and scope of procurement and supply chain management
- Evolution and importance of supply chain management
- Key challenges and trends in the field
- Procurement Strategy
- Developing a procurement strategy aligned with organizational objectives..
- Make-or-buy decisions
- Strategic sourcing and supplier segmentation
- Procurement Methods
- Sourcing strategies and techniques
- Tendering and bidding processes
- Negotiation and contract management
- Supplier Management
- Supplier selection and evaluation criteria
- Supplier relationship management
- Supplier performance measurement and improvement
- Inventory Management and Demand Forecasting
- Inventory control methods and techniques
- Forecasting demand and managing uncertainty
- Safety stock and order quantity determination
- Logistics and Transportation
- Role and importance of logistics in the supply chain
- Modes of transportation and their selection
- Warehouse management and distribution strategies
- Technology and Data Analytics in Supply Chain Management
- Role of technology in optimizing supply chain processes
- Supply chain visibility and real-time tracking
- Data analytics for demand forecasting and risk management
- Sustainability and Ethical Considerations
- Sustainable procurement practices
- Ethical sourcing and responsible supply chain management
- Environmental and social impact considerations
Throughout the course, we will incorporate real-world examples, case studies, and practical exercises to enhance your understanding of procurement and supply chain management concepts. By the end of this course, you will have a solid foundation to apply these principles and practices within your organization or pursue further studies in this field.
We hope you find this course engaging and rewarding. Let’s begin our journey into the exciting world of procurement and supply chain management!