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

Latest update -Sep 2023: Cahpter on Procurement optimization with Excel solver is added.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 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 sourcing9- How to minimize cost using optimization techniques in Excel.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, FranceOmar 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 BordeauxHe 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.