Cost is the most important element that form a company’s competitive edges. The profit margin is optimized with best controlled cost. Besides the talents cost, most other cost is within the scope of the Supply Chain Management, and Procurement plays an important role in this entire system.
An Efficient and Effective Procurement system can lead to leaner management, smoother work flow, reduce redundancy in the workflow and more prepared to act and resolve challenges, at the optimal cost and time frame.
Application of these 4 pillars, namely ‘Project Management Tools in Procurement’, ‘Tips for Powerful Negotiation’, ‘Essence of Vendor Management’ and ‘Effective SOP’, enable you the leverage resources and optimize the profit margin.
Brochure
— Course Fee: RM 890.00 (Inclusive of 8% Service Tax) —
Pillar 1: Project Management (PM) Tools in Procurement
- The Iron Triangle: CST (Cost, Scope & Time)
- Work Breakdown Structure (WBS)
- Resources Requirements Matrix (RRM) & Responsibility Assignment Matrix (RAM)
- Risk Management & Contingency Plan
- Application Activity: Group Discussion & Presentation
Pillar 2: Tips for Powerful Negotiation
- Knowing your counterpart & building Rapport
- Cost Structure & Cost Breakdown
- Market sensitivity
- Cost Savings as the key KPI
- Basic analytic skills
Pillar 3: Essence of Supplier Management
- Supplier Selection (Criteria)
- Control & Monitoring (The cost, Quality, Timely, Consistency)
- Tips for practical Supplier Management
- Application Activity: “Suppliers – Your Ally or Enemy” – Scenario Planning
Pillar 4: Effective SOP – Design an SOP based on Procurement Functions
- Basic elements of SOP design