Strategic Procurement & Inventory Management Workshop by Devindran A/L Raju
Date: 4 & 5 April 2023 (Tuesday & Wednesday)
Time: 9:00am to 5:00pm
Procurement and inventory management form the interfaces in today’s supply chains of industrial goods. As the global division of work is still increasing in all industries in order to improve speed, process integration and customer satisfaction there is a growing need for a modern sourcing system. Many decisions taken by departments have a procurement implication that can impact on the overall cost of carrying out the decision. Procurement is viewed as a strategic function working to improve the organization's Profitability.  

Inventories constitute a significant portion of most firms’ assets. Hence, effective and efficient management of inventories is one of the most vital functions for a successful organisation. Effective Inventory Management can be the watershed for their success or demise in these times. This course is suitable for staff of all grades that require knowledge and skills in operation or management of procurement & Inventory. This also extends to other department personnel who have some purchasing responsibilities and would like to increase their knowledge and skills in this area.
1. Demonstrate knowledge and understanding of the procurement processes.
2. Sensitise participants to the impact of inventory on the financial performance of the company.
3. Develop participants’ understanding of the strategic importance of Inventory Management for the organisation
4. Reduce cost through well-planned and executed collaborative negotiations with suppliers.
5. Develop knowledge in the key features of contract management and monitoring
Program Content:
Module 1: Overview
1.1 Supply Chain Management
1.2 Procurement
1.3 Purchasing

Module 2: Role of Procurement
2.1 Support Operational Requirements
2.2 Manage the process & Supply base effective and efficiently
2.3 Support Organizational Strategies, Goals and objectives

Module 3: Purchasing Steps
3.1 Pre-Purchasing activities
3.2 Purchasing activities
3.3 Post Purchasing activities

Module 4: Understanding Contracts
4.1 Sales/Procurement Contract
4.2 Seller & Buyer obligations
4.3 Importance of Contracts

Module 5: Economics of Procurement & Support Tools
5.1 Economy & Procurement
5.2 Procurement Tools & Techniques
5.3 Strategic Sourcing

Module 6: Negotiation
6.1 The process, phases and structure of a negotiation
6.2 Five key methods of persuasion
6.3 Negotiation Tactics 

Module 7: Inventory Management
7.1 Definition
7.2 Functions of Inventory
7.3 Objectives of Inventory Control

Module 8: Managing the level of Inventory
8.1 Inventory Support System
8.2  Controlling Stock Quantity & Value
8.3 Methods to Manage the level of Stock

• Lectures
• Presentation
• Group discussions/interactions
• Case studies
Who Must Attend:
1. Procurement, Logistics, Sales, Planning Managers
2. Procurement, Logistics, Sales, Planning Executives/Officers/Supervisors
3. Procurement, Logistics, Sales, Planning Team Leaders and Clerical staff
Investment Fees:
RM1,696.00 (Including 6.00% Service Tax) per participant (Standard Fee)
RM1,400.01 (Including 6.00% Service Tax) per participant (Early Bird Fee, register by 30 March 2023)

Group incentive: Register 3 participants from the same organization, the 4th participant is FREE. (Buy 3 Get 1 Free)
There are 3 methods to register for this training:
  1. Kindly click here for online registration. Register Now.
  2. Kindly download this registration form, and fill up all the particulars. Please fax back to +6-03-6270-9993. Click here to download Registration Form (177KB).
  3. Call us to register. Tel: +6-03-6270-9883.
This Training Programme is HRD Corp Claimable Course *Subject to HRD Corp Terms & Conditions.

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