Course Outline
First session: The opening session provides an introduction to procurement and its strategic significance, emphasizing supplier relationships, the sourcing lifecycle, and the principles of value-based sourcing. During the second half, participants will receive orientation on value risk mapping, including the rationale for categorizing suppliers and developing targeted strategies for each segment. The discussion will also cover the criteria for outsourcing decisions. Finally, the session addresses price volatility and supply chain variability, outlining how contract structures can be designed to mitigate these challenges for government operations.
Second session: This session concentrates on optimizing procurement activities, specifically balancing purchase costs against service levels. Participants will complete a hands-on exercise using optimization techniques and linear programming to create cost models that account for service level requirements. The modeling component will incorporate various product offerings, including standard bids, minimum volume commitments, and volume discounts. Extensive use of Microsoft Excel will be required to develop and optimize these models. This session offers participants critical insight into the trade-offs inherent in offer selection.
Third session: The third session focuses on supply chain coordination, examining challenges arising from demand variability and insufficient information sharing among partners. In an environment characterized by uncertainty, procurement and supply chain managers must mitigate information delays that contribute to the bullwhip effect. Participants will analyze the causes of this phenomenon, assess its impact on supply chain disruptions, and identify strategies for risk reduction among partners.
In the final segment of the session, participants will explore the uncertainties associated with customer demand, develop simulation models to replicate these conditions, and formulate solutions to address them. This portion of the curriculum provides valuable insight into how trust influences revenue maximization for supply chain partners in the public sector context for government.
Requirements
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Testimonials (3)
trainer knowledge
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