Background:

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.

General Notes:

  • 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.

Course Objectives:

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.


Fees:

  • 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.

Curriculum:

Day One:

  • 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

Day Two:

  • Forecasting and planning in materials management
  • Typical demand trends
  • Forecasting objectives
  • Different forecasting models
  • Qualitative forecasting
  • Quantitative forecasting
  • Evaluation of forecasts

Day Three:

  • 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

Day Four:

  • 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

Day Five:

  • 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

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This Post Has 2 Comments

  1. This course is my best experience after attending several overseas programs. The instructor and staff are highly supportive.

  2. A highly recommended course. The content is relevant to my daily work and I like the way it is connected to my daily tasks. Lisbon is beautiful and we had lots of fun and learning.

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