Best Practices in Procurement and Supply Chain Management

Objectives:
• Understand the fundamental concepts and principles of procurement and supply chain management (SCM).
• Learn the role and importance of procurement and SCM in organizational success.
• Explore best practices and strategies for optimizing procurement processes.
• Develop skills to effectively manage supplier relationships and negotiations.
• Gain insights into inventory management and logistics optimization within the supply chain.
• Understand the impact of digital technologies and data analytics on procurement and SCM.
• Learn how to mitigate risks and ensure compliance in procurement and SCM activities.
• Acquire knowledge of sustainability practices and ethical considerations in procurement and SCM.
Course Content:
Introduction to Procurement and Supply Chain Management
• Definition and scope of procurement and SCM
• Evolution and importance of SCM in modern business
• Role of procurement and SCM in organizational strategy
Procurement Process and Best Practices
• Strategic sourcing and procurement planning
• Supplier selection and evaluation criteria
• Contract management and negotiation techniques
Supplier Relationship Management
• Importance of supplier relationship management (SRM)
• Supplier segmentation and performance measurement
• Collaborative supplier development and innovation
Inventory Management and Logistics Optimization
• Inventory control techniques and methodologies
• Warehousing and distribution management
• Transportation optimization and route planning
Digitalization and Technology in Procurement and SCM
• Role of digital technologies in transforming procurement and SCM
• E-procurement systems and electronic data interchange (EDI)
• Big data analytics and predictive modeling in SCM
Risk Management and Compliance
• Identifying and assessing risks in procurement and SCM
• Risk mitigation strategies and contingency planning
• Legal and regulatory compliance in procurement activities
Sustainability and Ethical Procurement
• Sustainable procurement practices and green supply chain initiatives
• Ethical considerations and corporate social responsibility (CSR)
• Certification standards and frameworks for sustainable procurement
Performance Measurement and Continuous Improvement
• Key performance indicators (KPIs) for procurement and SCM
• Performance benchmarking and quality metrics
• Continuous improvement methodologies (e.g., Lean, Six Sigma)
Global Procurement and International Supply Chains
• Challenges and opportunities in global procurement
• International trade regulations and customs compliance
• Managing cultural and geopolitical risks in global supply chains
Case Studies and Best Practices
• Real-world case studies of successful procurement and SCM initiatives
• Best practices in procurement and SCM across industries
• Lessons learned from leading organizations in the field
Future Trends and Innovations
• Emerging trends and innovations in procurement and SCM
• Implications of Industry 4.0 and digital supply chain technologies
• Future challenges and opportunities for procurement and SCM profession

FOR WHOM:
Stores Purchasing and Logistics Personnel in the Public and Private Sectors

Methodology
The training methodology integrates lectures, interactive discussions, collaborative group exercises, and illustrative examples. Participants will acquire a blend of theoretical insights and hands-on practical experience, emphasizing the application of learned techniques. This approach ensures that attendees return to their professional environments equipped with both the competence and self-assurance to effectively implement the acquired skills in their responsibilities.

DATE:
1ST BATCH: 20th – 23rd May,2025

2ND BATCH:2nd – 5th Dec,2025