Course Outline
First Session: The opening module introduces fundamental procurement principles, emphasizing the strategic importance of supplier relationships, the formal sourcing process, and the concept of value-based sourcing. The subsequent segment provides an orientation on value-risk mapping, explaining the necessity of categorizing suppliers to apply differentiated strategic approaches for each group. It also examines the criteria for outsourcing decisions and addresses price volatility and supply chain variability, outlining contract structures designed to mitigate these challenges for government stakeholders.
Second Session: This module focuses on the optimization of procurement operations, specifically analyzing the trade-offs between acquisition costs and service levels. Participants engage in exercises utilizing optimization techniques and linear programming to construct minimum-cost models while maintaining required service standards. The modeling incorporates various offering types, including standard bids, minimum volume commitments, and volume discounts. This segment requires the extensive application of Microsoft Excel to develop and refine models, providing participants with critical insight into the decision-making trade-offs inherent in selecting offers for government contracts.
Third Session: The focus shifts to supply chain coordination, addressing the operational disruptions caused by demand variability and information asymmetry among partners in uncertain environments. Procurement and supply chain managers are guided on reducing information latency and its contribution to the bullwhip effect. This session explores the root causes of the bullwhip effect, its impact on supply chain integrity, and strategies for risk mitigation among partners for government operations.
In this critical segment, the discussion examines the sources of demand uncertainty and the development of simulation models to replicate these conditions. Participants explore solutions to manage uncertainty, gaining insight into how trust and coordination maximize value for all stakeholders in the supply chain, particularly in the context of public sector accountability.
Testimonials (3)
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