Recent Trends in Procurement Management and Inventory Management Course
Familiarizing participants with modern concepts and advanced technology in the planning, organizing and evaluating procurement systems, procurement and supply methods and inventory management.
Introducing the complementary relationship between procurement management and warehouse management.
Enabling participants to acquire the specifying sources skills, defining criteria for suppliers evaluation and classifying them and making decision on the appropriate source selection.
Enabling participants to acquire the modern skills of effective negotiation with suppliers in key areas of procurement processes.
Enabling participants to acquire the participants with cognitive and professional skills in the processes of organizing and arranging inventory items and how to protect materials from damage, fire hazards, etc.
Providing participants with practical experiences and expertise in updating procurement systems, evaluating suppliers and reorganizing inventory so as to keep materials in good condition.
Who Should Attend?
Directors-general of procurement and their assistants, directors of warehouse and stores administrations and their deputies, heads of internal and external procurement departments, warehouses and stores, supervisors of warehouses, stores, storekeepers and inventory and those who are prepared to assume such positions and hold them the liability of procurements or stores in various institutions.
Procurement processes and organizing the procurement management
Basic concepts in procurement and storage.
Procurement and storage in the integrated planning of the organization.
The impact of the procurement and storage cost on the organization
Procurement and storage policies.
Centralization and decentralization of procurement and storage.
Responsibilities and duties of employees in procurements and stores.
Procurement planning and stores organizing.
Material Requirements Planning system
Planning of material requirements.
The importance of procurement in integrated planning.
The objectives of the material requirements planning system.
The pillars on which the material requirements planning system is based.
Terms of using the materials requirements planning system.
Inputs and outputs of material requirements planning system.
Conditions of the purchasing environment and evaluation of the supply strategy.
Product development, selection of sources.
Procurement from the appropriate supply source
Choosing the appropriate source of supply.
Methods and criteria for assessing sources of supply.
Choosing the source of procurement.
The stages of selecting sources of supply.
Sources of information on suppliers.
Methods of forecasting material prices.
Sources of access to prices.
Factors influencing price fixing.
Selecting the source of supply in the case of the first purchase.
Selecting the source of supply in the case of repeated supply..
Negotiation and management of procurement contracts
The importance and objectives of the negotiating process.
Types of negotiators, stages of the negotiation process.
Negotiation strategies and tactics.
Negotiate of cost/price/quantity discount..
Considerations that must be taken into account when negotiating with international institutions.
Controls required of management at the time of conclusion of contracts.
General and special conditions in the contract.
Internal organization of warehouses
Wholesale warehouse and issuing warehouse.
Arranging methods, locating items.
Procedures and forms used in storage operations.
Inventory Control and evaluation of procurement works.
Inventory Control methods, reports and indicators.
Methods of assessment and follow-up of the procurement and warehousing work.
Storage and procurement problems and methods of solving them.
Idle inventory, its causes and methods of treating it.