Mar 14 2024

Procurement and Inventory Management (Online)

14 Mar 2024 09:00AM to 15 Mar 2024 06:00PM

Registration Date

:

24 Jan 2024 12:00AM to 13 Mar 2024 06:00PM

SMF Member Fee

:

$580.00

GS1 Member Fee

:

$580.00

Non-Member Fee

:

$580.00

Event Details

Event Type

:

Trainings

Industry Group

:

All

Contact Person

:

Jack Lim

Synopsis

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.

Objective

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.

Administrative Details

 Please click the link to register: https://www.smfccl.sg/programmes/procurement-and-inventory-management/

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