PLS102: Managing Inventory and the Procurement Process
About this course
This intensive course has the following structure/outline –
Course Outline | ||||||||
Course Name/Title | Managing Inventory and the Procurement Process | |||||||
Course Number | PLS102 | |||||||
Who will benefit from attending? | This course is designed for –
· Senior, Mid-level and Junior Managers · Supervisory Staff · Project Managers · Team Leaders · Staff needing to hone their administrative skills
The course allows delegates to update their knowledge and learn new or improved techniques for a variety of formal work settings.
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Course Learning Outcomes (CLOs) |
On completing the course, delegates will be able to –
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Course Topics | Topics covered include | |||||||
· Strategic Purchasing Planning
· Effective Purchasing Portfolio Management · Relating Strategic Purchasing to Supply Chain Process Models · Business Environmental Factors and Purchasing Structures · Purchasing as a Functional Department · Cross-Functional Purchasing; Cross-Organisational Teams · Centralised vs Decentralized Purchasing · The Sequence and Impact of Purchasing Procedures · A Review of Purchasing and Procurement Technology · Purchasing Procedures for Low-Value Purchases |
Day 1 | |||||||
· Developing Purchasing Manuals
· Purchasing Ethics · Inventory, Logistics and Supply Chain Management · Inventory Classifications · Scope and Aims of Inventory Management · Contemporary Tools for Inventory Management · The Economics of Inventory · Inventory Performance Measures · Safety Stocks and Service Levels |
Day 2 | |||||||
· Understanding and Dealing with The Nature of Demand
· Forecasting Demand Accurately · Different Approaches (and Tools) for Matching Supply with Demand · Know Your Suppliers and Their Business · Developing Suppliers and Supplier Relationships · Communicating Specifications · Standardisation, and Quality Inspection · Outsourcing Issues · Factors to be Considered when Buying Capital Equipment · Monitoring and Controlling the Acquisition of Capital Equipment · New versus Used Equipment; Selecting Suppliers of Capital Equipment · Evaluating Capital Equipment; Assessing Capital Procurement Options |
Day 3 | |||||||
· Understanding and Working with the Different Types of Services
· The Basics of Service Level Agreements · Crafting Effective Service Level Agreements · Incoterms; Transport Systems, Costs and Considerations · Freight Agents; Methods of Payment · Countertrade; The True Cost of Buying Overseas · Key Factors in Successful Overseas Purchasing · Purchasing Performance Evaluation · Benchmarking – Historical, Best-of-Breed and Comparative · Balanced Scorecard Approach to Evaluating Purchasing Performance |
Day 4 | |||||||
Course Scheduling Information | ||||||||
Course Run Dates | Course timings to suit EMBT College Schedule and/or client requirements
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Course Duration | 4 days (this may be varied or customized to suit the client)
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The courses are delivered via instructor-led sessions. Emphasis is placed on the use of topical case studies and relevant simulations to impart practical knowledge and expertise. Sessions will involve a mix of instructor presentations and case study work, with supporting classroom discussions.
Assessment of performance will be through delegate-completed portfolio of work. The final course outcome is a college-issued Course Certificate of Completion which is also UK Ofqual-endorsed.