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    Procurement Management (Source to Supply)

Overview

Procurement Management is a competitive weapon that distinguishes successful and profitable organizations from others within the same industry. The impact of procurement on business performance hits the profit margins. Thus, the smaller the profit margin, the more critical is the focus on reducing the procurement costs and risks simultaneously.

Learning Outcomes

By the end of this Developing Proficiencies in Procurement Management program, you will be able to:

  • Understanding the procurement level from operational to strategic
  • Learning the tactical factors of the purchasing supplying cycle    
  • Realizing the importance of supplier development and negotiation
  • Familiarizing the administration and monitoring of supply contracts
  • Explaining the trade terms of purchaser and supplier Incoterms usage

Who Must Attend

An empowerment course for all Supply Chain Management staff
A mandatory course for all personnel in Sourcing, Purchasing, Ordering, Receiving, Supplying, Costing, and Finance 

Course Details

Module 1: The Procurement Management conceptual in organization:-
Orientation of creating value in the customer’s domain
Essentialities of procurement practices and processes
Functionalities of procured items and services matrix
 
Module 2:The Implementation of Purchasing Process in an organization:-
The principal: 5 parameters of objectives in purchasing
The tactical: 7 styles of methods used in purchasing
The organizational: 6 models of controlling in purchasing
 
Module 3: The Factors of Purchasing and Supply Contracts in practice:-
Undertakings of the contract owner, executioner, and beneficiary
Implementing and monitoring the 11 types of supply contracts
Developing Request for Proposal (RFP) and Statement of Works (SOW)
 
Module 4: The Enablers of Supplier Development and Management:-
Generalizing processes from initiating a project to recognizing team
Eliminating the 7 supplier process wastes and the 12  barriers
Strategizing the Value Engineering and Value Analysis processes
 
Module 5:The Purchasing Negotiation Tactics in stages of accomplishment:-
Resolving points of difference in reaching amicable solutions
The 10 critical steps from gathering facts to the mode of conclusion
The style of transactional positioning negotiation between buyer seller
 
Module 6: Ethical Principles and Standards of Procurement and Supply:-
Defining the ethical perceptions and responsibilities to the employer
Explaining the implications of conflict of interest and reciprocity
Familiarizing important areas of amplification 
 
Module 7:Application of Contract for International Sales of Goods (CISG):-
Acceptance of an offer based on the mirror image concept
Acceptance of a price based on precise procedure determination
Acceptance of revocation and formation of contract provision
 
Module 8:Contracting Incoterms in Purchase and Supply Contracts:-
The terms and conditions used in commercial transactions
The purpose and scope in different practices and rulings
The structure of departure, main carriage, and arrival grouping

Methodology

A workshop based seminar with assignments and interactive group activities reinforcing the understanding of learning points and related participant’s job scope

Course Leader

Mr Stephen Kum
MBA (US)
Certified Trainer HRD Corp
Fellow of The Institute of Logistics & Transport,
Fellow of The Institute of Business Administration
Former Vice-Chairman of the Persatuan Logistik Selangor
Co-founder of Global Logistician Network (GLN)
 
Stephen comes to you with more than 30 years of hands-on experience in the fields of international trade, global procurement, freight operation, logistics, and supply chain management. His consultancy expertise relates to Incoterms execution, trade documentation, suppliers development, shipping risks, and export strategies.
 
He was the Managing Director of a global logistics provider with a network in the UK, USA, and Australasia. He has held various contractual senior positions as Country Manager of Esprit Shipping (HK), Sales Director with Karl Schroff Associates (US), and Business Development Manager with Port Cargo International (UK).  Associated with Cambridge International College as their Training Consultant, Program Examiner with Durham Logistics College, and Resident Consultant with TPL Global Chains Management.
 
He has been involved in corporate training and executives development programs since 2002 for national corporations, industry associations, and the academy of learning excellence. Multinational companies and global market leaders including Conference and Forums organizers. His embassy clientele includes trade divisions of the Nigerian Embassy, Sudan Embassy, and Royal Thai Embassy in Kuala Lumpur. He has developed Shipping programs for Institute Technology Multimedia, Logistics program for Sentral City Institute, Freight management program for PSNB, and Open University Malaysia. Developed post-graduate courses in Supply Chain Management for Camden University and Export Management for Metropolitan University organized and others.
 
To book Stephen for speaking, training, or consultancy engagements, please contact us at info@iTrainingExpert.com
Contact us at +603 8074 9056 or mobile +6012 6869 628 | +6018 2175 123 

Testimonies

“In this online course, I learned so much about Strategic Sourcing, Logistic, Supplier Relationship, SOW, Incoterm 2020, Marine Insurance CIF. After the course, I feel so much more confident in understanding the entire Logistics canvas. The trainer is very knowledgeable in the subject matter.”_ Mohd Azlan Bin Mustaffa, Head of SIRIM

“Before attending the course, I was excited to learn about procurement management. During the course, I learned about The Relationship Between Procurement, Supplier Management, and Purchasing, 3 golden rules negotiation, framework in purchasing, incoterms 2010 and 2020. After the course, I feel so good because I gained so much new knowledge about strategic procurement, Negotiation, and incoterms.”

“Good training and trainer. I have gained so much knowledge and experience after attending this training in Procurement. Mr. Stephun Kum, the expert training is able to answer all my questions and his lectures and explanation are easy to understand.” _Khairil, SIRIM

Investment

Normal Fee
Sign up 1 pax
Pay 1 day(s) before course starts
MYR 2,790.00
USD 820.00
Early Bird
Sign up 1 pax
Pay 14 day(s) before course starts
MYR 2,090.00
USD 610.00
Group Fee
Sign up 3 pax or more
Pay 14 day(s) before course starts
MYR 1,990.00
USD 580.00

*This course fee is applicable for online training

Upon successful completion of this program, you will receive an E-Certificate of Achievement.
 

1. ONLINE PAYMENT by Credit card: You can opt to register and pay online with our latest payment integration system through our website.

2. Telegraphic Transfer- You can also opt to use GIRO or telegraphic transfer of payment via international banks.

Registration Details

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