Course Outline:
☑️SUPPLIER RATINGS:
1- Categorical method
2- Cost point method
3- Vendor profile analysis
☑️ INTERNATIONAL SOURCING
1- Overview of world wide sourcing
2- Offshore and domestic purchasing
3- Trade barriers
4- Currency risk management
5- Currency adjustment factors
6- Currency hedging
7- Global sourcing strategies
☑️ SUPPLY CHAIN MANGEMENT
1- Supply chain management and business linkage
2- Procurement and supply chain
☑️ STRATEGIC SOURCING
1- Strategic Role of Procurement
2- Principles of strategic sourcing
3- Benefits if strategic sourcing
☑️ VENDOR LIFE CYCLE MANAGEMENT
1- Strategic considerations for vendor development
2- Supply base optimization
3- Early supplier involvement
4- Vendor development
5- Partnerships
☑️PROCUREMENT STRATEGICS
1- Buying consortium
2- Outsourcing
3- Purchasing portfolio – the Kraljic matrix
4- Procurement pitfalls
☑️COSTING AND PRICING
1- Price analysis
2- Cost analysis
☑️ASSESSING FINANCIAL HEALTH OF SUPPLIERS
1- Financial statements and trend analysis
2- Ratio analysis
☑️ LIFE CYCLE COSTING
1- Elements of total cost of ownerships
2- Discounted cash flow
3- Net present value
☑️ INTERNATIONAL TRADE
INCOTERMS
1- International trade payments
2- Letter of credit international trade documents
☑️ RISKS IN PROCUREMENT
1- Identifying risks in procurement
2- Strategic, process level and operational risks
3- Risk management