Course Outline
First Session: The first session will provide an introduction to procurement, emphasizing its significance, supplier relationships, and the sourcing process. It will also cover value-based sourcing. In the latter part of the session, participants will receive orientation on value risk mapping, the importance of categorizing suppliers, and developing distinct strategies for each group. We will explore when and why outsourcing is necessary. Additionally, we will discuss price volatility and supply chain variability, focusing on how to structure contracts to address these challenges.
Second Session: The second session will concentrate on optimizing procurement activities, specifically balancing purchase costs and service levels. Participants will engage in exercises using optimization and linear programming to create minimum cost models while considering service levels. Different product offerings, including standard bids, minimum volume bids, and volume discounts, will be integrated into the modeling process. This session will require extensive use of Microsoft Excel for model development and optimization, providing valuable insights into the trade-offs involved in selecting an offer.
Third Session: The third session will focus on supply chain coordination, addressing issues arising from demand variability and a lack of information sharing among partners. In the context of uncertainty, procurement and supply chain managers must mitigate the effects of information delays, which can lead to the bullwhip effect.
In this critical session, we will examine the causes of the bullwhip effect, its impact on the supply chain, and strategies for reducing associated risks among partners. In the latter half of the session, participants will gain an understanding of customer demand uncertainty. They will develop simulation models to replicate this uncertainty and explore solutions to manage it. This session will offer valuable insights into how trust can enhance revenue maximization for supply chain partners.
These sessions are designed to provide comprehensive knowledge and practical skills that align with the needs and challenges faced in procurement and supply chain management for government operations.
Requirements
Not applicable for government.
Testimonials (5)
The videos with specific messages.
Laurentiu
Course - Lean Six Sigma
I liked the small group setting
Kristin Standen - Orica Canada
Course - Lean Distribution: Implementing Lean in Distribution, Logistics, and Supply Chain Operations
The simulation exercises (workshop) gave me a real feel of how it is to experience "leaning" up the process. It provides a "sticking effect" to the theories that were discussed.
Bethany Magpayo - InSolem SARL
Course - Lean Services: Lean Management For The Service Industry
That after 3 days of training I have the entire overview on Agile how to use them in my case, how to calculate efficiency, approach negative employees and many more.
Joanna Meza - Zurich Insurance
Course - Managing Agile Projects with Lean and Kanban
I was benefit from that Armor management personnel is taking it seriously.
