Overview

Modern international business is increasing fast-moving and complex. Competitive advantage is no longer assured, rather it is quite fleeting in nature as markets continue to evolve and technological acceleration continues to introduce an element of constant change and environmental turbulence – the search now is for a competitive advantage that is sustainable. This course has been specifically created to empower and add value to the delegate through the understanding of how the relationship between commercial contracts and the management of the supply chain is fundamental in enabling streamlined and efficient processes and procedures within areas such as procurement; inventory management; lead time management and stakeholder management. This programme is designed to be an immersive experience with an emphasis on open continuous discussion; problem-solving and class
exercises.

Who Should Attend

• Directors.
• Senior/mid-management
• Anyone who works in SCM, contracts; procurement; inventory and warehousing and logistics

Key Learning Objectives

• Know what the key components of SCM are
• Learn how to make effective decisions when dealing with resource constraints
• Understand the benchmarking process and know how to conduct one
• Become aware of the type of information required to create a good purchasing specification
• Be able to standardize (where possible), purchasing procedures
• Gain familiarity with the critical components of managing long-lead items
• Assimilate the principle of the Total Cost of Ownership into procurement practices
• Grasp the key factors of storage and inventory management
• Apply safe practices in relation to hazardous inventory
• Understand the critical components of a commercial contract
• Know how to effect post award optimization strategies
• Understand the importance of stakeholder identification and management to procurement and
contractual dealings
• Gain familiarity with the various dispute mechanisms that exist

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