Procurement has become tougher with increased competition. It is procurement that can ensure the reliability of vendors and service providers. It must be clear how the vendor provides services/goods/works, and how the client monitors and evaluates them. The problem is that small, unclear points can end up in major misunderstandings and losses on any/both side(s).
We came up with this course to address the “research-based” needs of logistics managers for required tendering and bidding skills. This comprehensive training workshop will ensure the effective and efficient use of tendering skills.
- As an open course, this program is offered in specific locations. As an in-house training, it can be offered on any part of the globe.
- This program can be bundled with any other program in the same category, offering the benefit of a discounted price.
- Accord Worldwide can offer this training in languages other than English, please contact us with your questions.
By the end of the course, participants will be able to:
- Improve cost recognition within same months for better Cost Reporting.
- Develop mitigation plan for AB equipment with zero stock level of critical spares.
- Implementation of RCA Recommendations for Zero overdue material.
- Ideas to improve and Develop a procedure for preservation of warehouse spare / equipment.
- Development of the strategy of PM of the capital items in warehouse.
- Create BOM for the identified equipment idea.
- Categorize stock items based on the ABC classification model
- Calculate future demand for different stock items
- Identify Reorder Points (ROP), Economic Order Quantity (EOQ) and Safety Stocks (SS) for different stock items
- Apply the basic purchasing processes and use Incoterms appropriately
- Identify best practices in warehouses to maintain accurate inventory records
- List the various transportation functions and costs
What Participants Receive?
- Certified Accordemy Professional – Attested by Accord Worldwide, Inc. USA
- Free lifetime access to online course material
- Free lifetime membership to the relevant discussion group
- Discounted OR free participation in future training courses
Who Should Attend:
This course is suitable for any procurement or non-procurement professional involved in the planning, creation, issue, receipt, or evaluation of tenders.
- Training fee includes the course certificate, training materials, lunch, refreshments, and one social program at the end of the training.
- Not included in the fee are: Visa costs, airfare cost, accommodation, travel insurance, dinner and any personal expense of the participant.
- Please note that for groups, different destinations and in-house training we offer significant discount and we encourage you to contact us for a quotation.
- Definition of materials management
- Materials management scope
- The functions and objectives of materials management
- Types of inventory
- The importance of customer service in materials
- Problems in materials management
- Computerized materials management applications
- Inventory planning and stock control
- Inventory systems
- The ABC classification
- Application of the ABC classification
- Forecasting and planning in materials management
- Typical demand trends
- Forecasting objectives
- Different forecasting models
- Qualitative forecasting
- Quantitative forecasting
- Evaluation of forecasts
- Materials planning and control
- Inventory costs
- The economic order quantity model
- How to deal with constrained quantity discount schemes
- The importance of controlling lead time
- The maximum/minimum system
- Setting the reorder points
- Setting safety stocks
- The purchasing function
- Basic purchasing process
- Skills of a purchasing professional
- Factors to consider when selecting suppliers
- Suppliers’ evaluation
- Changing trends in procurement
- Definition and application of Incoterms
- Negotiating with suppliers
- The warehousing function
- Warehousing objectives
- Inventory record accuracy requirements
- Calculating record accuracy
- Periodic cycle counting
- How to improve record accuracy
- The transport function
- Fleet and transport objectives
- Methods of transport
- Responsibilities of traffic
- Transport expenses
- Cost reduction opportunities
- Routing and cubing