Event | Singapore Manufacturing Federation

1. Strategic Roles of Procurement

-Definition of Procurement, Manage the Purchasing Cycle, etc.

2. Value Alignment with the Business Strategies

-Aligning with Business Strategies, Aligning with Forces in the Industry, etc.

3. Inventory Management

-Types of Purchased Items, Functions of Inventory, Inventory Management, etc.

4. Negotiation In Procurement

-Negotiation in Procurement, Negotiation Stages, etc.

5. Cost Reduction Techniques

-Purchasing Cost in a Glance

-Direct materials, Indirect Materials, Price vs Cost Analysis vs Total Cost Analysis, etc.

6. Mini Case Study

Who Should Attend?

Suitable for procurement/warehouse managers/executives, and finance/accounts managers/executives who deal with Source to Settle Process.

At the end of the training programme, the learner will be able to:

1.Understand the strategic aspect of procurement and strategize procurement functions.

2.Acquire inventories to meet a company’s basic needs for goods and services.

3.Learn effective negotiation techniques, strategies for a negotiation and cost-reduction techniques.

Procurement and Inventory Management (Online)