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Procurement Strategy, Supply Chain Management and Logistics

London Business Training & Consulting
Course summary
4 weeks
9,345 GBP excl. VAT 5,607 - 9,345 GBP excl. VAT
Professional Training
Next available date: 21/06/2021 - London
Course Dates
London
21/06/2021  
9,345 GBP
20/09/2021  
9,345 GBP
Online courses
Enquire for more information 
5,607 GBP

Course description

Procurement Strategy, Supply Chain Management and Logistics

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.

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.

Suitability - Who should attend?

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

Outcome / Qualification etc.

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.- 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.

Training Course Content

Procurement and Business Strategy

  • The development path for procurement from transactional to value chain management
  • Procurement Organization, structure and job functions

Managing Procurement Risk

  • What risks should procurement be considering?
  • A process to identify, analyse and respond to priority risks
  • Important supply chain risks – case study
  • How to manage risks that turn into reality

Procurement – Performance Measurement and Governance

  • Benefits of measuring the performance of procurement
  • Assessing Purchasing Effectiveness and Purchasing Efficiency
  • KPIs for measuring performance
  • Procurement Information systems

Understand Supply Chains and Value Chains

  • The Concept of the Supply Chain
  • The Value Chain Concept
  • he role and contribution of the Supply Chain upon organizational competitive strategy

Supply Chain Strategy – Process and Data Flow

  • Procurement – The Gateway to the Supply Chain
  • Establishing effective Process Flow
  • Establishing effective Data flow

Supply Chain Strategy – Resilience and Efficiency

  • The link between supply chain efficiency and supply chain resilience.
  • The application of MRP and ERP Systems within Supply Chain Management.
  • Effective Business Contingency Planning and disaster Recovery within Supply Chain Management.

Supply Chain Management – Enhancing Responsiveness

  • Demand Forecasting techniques
  • The impacts of volume, variation and demand
  • Use of SCADA Systems to enhance efficiencies

Supply Chain Management – Improving Flow

  • Key Supply Chain Diagnostic Tools
  • Effective identification and management of “Bottlenecks”
  • Establishing cycle time and continuous improvement

Supply Chain Management Techniques

  • Kaizen
  • Lean, Agile, Lagile Supply Chain Structures
  • Supply Chain Risk

Role and Contribution of Logistics within the organization

  • Effective Management of Inbound Logistics
  • Effective Management of Outbound Logistics

Managing Logistics Assets

  • Key data flows within Logistics Management
  • Use of Hub Strategies
  • Reducing Logistics Cost Base techniques

Global Logistics Management

  • Managing Multi-Modal Logistics
  • Effective use of Incoterms 2020
  • Use of Reverse Logistics and Backhaul

Site visit

  • Industrial visit to a relevant organization.
  • An insight into the internal working of companies.
  • An opportunity to learn through interaction with practising professionals.

Course Review

  • Summary and recap of key learning objectives
  • Action Planning

Why choose London Business Training & Consulting

Management consultation service 

Paperless service delivery model

Flexible open course schedule

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We offer face-to-face classroom sessions as well as online training sessions through Zoom. With a vast range of scheduled courses to choose from, LBTC aims to satisfy your niche needs for management courses and more. With options of customisability, your every training need is satisfied. LBTC offers everything that helps you push the scales of your career and gain a competitive edge.

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About provider

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London Business Training & Consulting

London Business Training & Consulting (LBTC) is the UK’s premier business and management training and consultancy service provider. LBTC offers 600 management training courses in sixteen (16) subject categories of durations ranging from 1-day to 11-weeks. This includes 90-minute interactive live online training courses....


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London Business Training & Consulting

One Lyric Square
W6 0NB London

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www.lbtc.co.uk

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