Strategic Procurement and Inventory Management
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This Training program covers the skills required to lead procurement and inventory teams to world class performance by running organizations leaner, effectively and efficiently. The pressure to reduce costs, while maintaining customer service levels is essential in both procurement and inventory management.
Adopting sound procurement and inventory management principles will lead to better return on investment, improved quality, lower costs, and reduced working capital. In an Environment characterized by many unknowns, procurement professionals must assist general management by providing purchasing expertise for strategic decisions as it plays an important role in the profitability and success of the business. The Objective of this program is to highlight to procurement/purchasing personnel the various methods and techniques to achieve savings. Participants will be exposed to the basic principles of purchasing, sourcing and evaluation of vendors, quality control and negotiate better to achieve cost savings. Understanding the impact of Inventories on purchasing decisions.
Content Delivery Method
HRD Corp Certified Course
Duration and Language
Key Skillset Addressed