Procurement & Supply Planning tools and techniques.

Procurement & Supply Planning tools and techniques.

Procurement & Supply Planning tools and techniques.

Learn how to Make purchasing strategies ,MRP, forecast, inventory policies and techniques to minimize supply costs.

Language: english

Note: 4.1/5 (202 notes) 8,474 students

Instructor(s): Haytham Omar

Last update: 2021-11-18

What you’ll learn

  • tools and techniques for your procurement journey!
  • Know the different kind of organizational purchases and the right inventory planning tools for them.
  • Master the forecasting of demand for supply planning
  • Excel in negotiation strategies as a procurement professional
  • How to segment your suppliers and negotiate with them accordingly.
  • Know the delivery terms used in Contracts and purchase orders
  • Know the different payment terms used in Contracts.
  • Use Make or Buy tools to make Purchasing decisions.
  • Understand the terms and conditions in Contracts.
  • Know the steps of the Tender Process.
  • How to evaluate suppliers and your assets turnover.
  • Use MPS and MRP to plan for the quantity and time of issuing orders for material and components.
  • The inventory techniques the procurement professional should know.

 

Requirements

  • Motivation to learn more on procurement and supply chain.

 

Description

Welcome to Procurement & supply planning tools and techniques. In this course, we will learn  :

1-how to do forecasting for purchasing and procurement purposes?

2- what are the strategies we use for negotiation with suppliers.

3- how to do make or buy decisions?

4- how to count for safety stock when buying finished products, materials, and components?

5- How to segment suppliers to maximize cost?

6- The difference between bidding strategies and when to choose each one of them.

7- The types of Contracts and when to choose one of them.

8- How to mitigate risk when sourcing


The course combines analytics and theory. during which, you will have a supply planning journey where you will be responsible for forecasting, planning for production, and Material requirement planning. 


About the Instructor:

Consultant in Supply Chain Management & Business Intelligence

Rescale Analytics – Dubai

• Supply chain and data science consultant for several national and multinational clients in the UAE and France.

• Data Scientist, Master of Science in Global Supply Chain Management from Bordeaux Ecole de Management, Bordeaux, France

Omar is a certified instructor in Supply Chain Analytics and holds a Master’s Degree in Supply Chain Management. He is also a Ph.D. candidate in supply chain and data science  at the University of Bordeaux

He is currently conducting workshops and seminars in Supply chain and data science as well as consultancy projects for Multinational companies. Haytham conducted more than 70 workshops and gave lectures for three and a half years in logistics, supply chain management, and data science.



 

Who this course is for

  • supply chain professionals
  • Procurement professionals
  • Forecasting and inventory practiotionars
  • Logistics professionals.

 

Course content

  • Introduction
    • Introduction
    • Supply chain overview
    • Supply chain Views
    • Objective of supply chain
    • Planning Tools
    • inventory planning tools
    • Curriclum
    • Why we need Procurement
    • Vertically integrated Procurement
    • Horizontally integrated supply chains.
    • The Procurement Space
    • The Procurement Space 2
    • What is the Best Deal ?
    • Procurement Strategies
    • The Procurement process.
    • the Procurement Process explanation
    • The Bidding strategies
    • Request for Quotation and Request for Proposals
    • The Purchasing cycle
    • Purchase Orders
    • Total Landed Cost
    • Total Landed cost
    • The Hidden Costs
    • Quiz on Module 1
    • Quiz on total landed cost.
  • Segmentation
    • Intro
    • ABC intro 2
    • Segmentation
    • Segmentation of suppliers
    • Customer’s and Product segmentation
    • ABC segmentation
    • ABC segmentation for suppliers
    • ABC Demo
    • Assignment
    • Segmentation Conclusion
  • Risk /Value Mapping
    • Introduction Value risk mapping
    • Segmentation and Krajic Matrix
    • Routine and Leverage Quadrant
    • Strategic partnerships
    • How to mesure Risk
    • Leverage Items
    • Mitigating the risk
    • Quiz
  • Accounting for inventory when buying
    • Introduction
    • Why we need inventory ?
    • Inventory Strategies
    • Inventory types and EOQ
    • Total logistics cost and total relevant cost
    • Economic order quantity with Excel
    • EOQ with quantity discounts
    • EOQ sensitivity
    • Accounting for lead-time
    • EOQ assignment
    • Assignment answer EOQ
  • Inventory with Uncertainty
    • Intro
    • Uncertainty and variability in supply chain
    • Demand and sigma DL
    • Calculating average demand leadtime
    • Method 1 for safety stock calculation
    • Method 2 for safety stock calculation
    • Inventory policy
    • Inventory Policy assignment
    • Important remark in assignment
    • Inventory Policy answer
  • Seasonal Products inventory.
    • Seasonal Products inventory
    • Seasonal Products
    • Point of maximum profit
    • How much I will. sell?
    • Data table
    • Critical Ratio
    • Critical ratio in excel
    • What’s actually happening?
    • Assignment
    • Assignment seasonal solved
  • Forecasting the Buy
    • Why we need forecasts?
    • Qualitative and Quantitative forecasting
    • Optimistic and Pessimistic forecasting
    • Supply planning journey
    • Linear regression
    • Forecasting Prepration
    • fitting the model
    • Forecasting next year’s Demand
    • Forecasting assignment
    • Forecasting answer
  • Production planning for next year’s demand
    • MPS intro
    • Problem Formulation
    • one time production
    • Lot For Lot
    • Periodic Planning
    • Fixed Production Horizon
    • Optimizing the Production
    • Setting up the constraints
    • Conclusion Production planning
    • Production planning assignment
    • Production Assignment Answer
  • MRP
    • Intro
    • Intro To MRP
    • Supply journey MRP
    • The End Product MRP
    • Screen MRP
    • Plastic MRP
    • MRP assignment
    • MRP solution
  • Make or Buy Decisions
    • Intro
    • Outsourcing
    • Break Even Qunatity
    • Fixed and Variable costs
    • Contribution Margin
    • Break even example
    • Assignment Breakeven
    • Breakeven answer
  • Contracts
    • INTRO
    • Difference between Terms and Conditions
    • Characteristics of Contracts
    • A fixed price incentive fee contract
    • Cost Plus Contracts
    • Contract Clauses
    • Compensation and Suspension of work
    • Tender Details
  • Delivery and Payment terms
    • Introduction to Incoterms and payment terms
    • IncoTerms Part1
    • Incoterms Part 2
    • Incoterms example
    • Payment terms
  • Supplier’s Negotiation
    • Intro
    • Types oof negotiation strategies
    • Warrior strategy
    • Diplomatic Strategy
    • Collaborative strategy
    • the red sheet
    • Cultures in negotiation
    • Culture of the negotiating parties
    • Game theory
    • Game theory
    • The chicken strategy
    • The Trust strategy
    • Prisoner’s Dilemma
    • Stag Hunt strategy
    • Which strategy is better
  • Cost Benefit analysis
    • Cost Benefit analysis
    • Example of Non-time based CBA
    • CBA with Net Present value
  • Measuring suppler and internal performances
    • Key Performance indicators
    • Types of Benchmarks in procurement
    • Cost Control KPIs
    • Service level KPIs
    • Evaluation and actual price
    • Evaluation Bids
    • Quick Quiz
    • Supplier Evaluation

 

Procurement & Supply Planning tools and techniques.Procurement & Supply Planning tools and techniques.

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