This course will teach participants objective practical ways to monitor, evaluate, audit and thus control and manage different aspects of procurement performance and compliance. It also demonstrates a range of management controls and procure
DurationCourse Objective
This course will teach participants objective practical ways to monitor, evaluate, audit and thus control and manage different aspects of procurement performance and compliance. It also demonstrates a range of management controls and procurement best practice techniques that will uncover and minimize corruption.
Course Certificate
Masters certificate will be issued to all attendees completing minimum of 75% of the total tuition hours of the course.
Who Should attend?
- Procurement, Buyers and Purchasing Professionals
- Stock, Logistics, Warehouse and Distribution Personnel
- Owners and operators of companies with supply operations
- Those who need to understand the relationships between cost, service and productivity in-supply operations
Course Outline
Session 1: Understanding Costs
• Fixed, variable and marginal costs
• Overheads, direct/indirect, prime and marginal costs
• Job, batch, contract and process costing methods
• Absorption, marginal and opportunistic pricing
• Depreciation of assets
• Break-even analysis
• Cash flow analysis
• Activity based costing
Session 2: Financial aspects in the Supply Chain
• Total cost of ownership/Total acquisition costing/Whole life costs
• Investment appraisals
• Cost benefit-analysis techniques
• Capital expenditure analysis ( Payback, DCF, NPV)
• Capital purchase options ( buy or lease or rent)
• Pricing options for products/services (open/closed costing)
Session 3: Understanding Productivity
• Utilizing resources
• Productivity of processes and methods
• Performance of outputs
• Method study
• Work study
• Time studies
Session 4: Developing Internal/External Customer Service
• Customer requirements
• Meeting the requirements
• Customer service measurements
• Working with the internal customer
• Trade offs between costs and service
• Trade offs between productivity and service
Session 5: Making Business Improvements
• Positively effect key financial drivers
• Increasing throughputs
• Reducing inventory
• Reducing costs and operating expenses
• Using improvement models
Masters Training Company was established in response to the growing need for quality training to support the business community within your Company, Department or Organization by providing a high standard of Training Programs, Courses, Seminars, Workshops and Consultancy Services to employees in a very competitive business environment.
Masters is also an approved vendor from KHDA & ILM
This qualification is designed to provide the delegates with knowledge of the principles and applications involved in acquiring and supplying goods and services. You will learn about the essential procurement skills needed for strategic role
This is a detailed 5-day course for Purchasing Management, Tendering & Supplier Selection. Learn all you need to know and understand about the processes and other aspects involved in Purchasing management, Tendering and Supplier selection.
This internationally recognized qualification will help you to identify and describe procurement processes and build your professional knowledge and competence in this field.
This comprehensive 5-day course will teach you the key processes and other aspects related to Procurement Specialist: The A to Z of Procurement Best Practices. It covers a wide range of topics related to 'Procurement Specialist'.
This training will guide your way to a recognized international qualification in Procurement & Supply Operations. It will prepare you with the knowledge and understanding of demand management, arrange supply logistics, and implement new cont
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