Procurement, Logistics and Supply Chain Management (LPSM)- MasterClass

Introduction

Course Description: This course provides a comprehensive overview of the key concepts, principles, and practices in procurement, logistics, and supply chain management. Participants will gain insights into the strategic importance of effective supply chain management in today's dynamic business environment.

Course Duration: 5 Days Online 

What to Expect By the end of the course:

1. Understand the fundamental concepts and principles of procurement, logistics, and supply chain management.
2. Analyze the strategic role of supply chain management in achieving organizational goals.
3. Evaluate and implement effective procurement strategies.
4. Demonstrate knowledge of logistics and transportation management.
5. Apply inventory management techniques to optimize supply chain performance.
6. Identify and mitigate risks in the supply chain.
7. Understand the impact of technology on supply chain management.
8. Develop critical thinking skills for problem-solving in supply chain scenarios.

Course Outline:

Day 1: Introduction to Procurement, Logistics, and Supply Chain Management

• • Historical evolution and importance
  • Overview of supply chain componentsDefinition and scope of LPSM
• Procurement Strategies and Supplier Management
  • Procurement process and its stages
  • Strategic sourcing and supplier selection
  • Contract management and negotiations

Day 2: Logistics and Transportation Management

• Basics of logistics and transportation
• Modes of transportation (land, sea, air)
• Warehouse management and distribution

Inventory Management

-Inventory control techniques

-Demand forecasting

-JIT (Just-In-Time) and EOQ (Economic Order Quantity)

Day 3: Supply Chain Risk Management

• Identifying and assessing risks
• Strategies for risk mitigation
• Business continuity planning

Day 4:Technology in Supply Chain Management

• Role of technology in LPSM
• Blockchain, IoT, and AI in supply chain
• Case studies on technology implementation

Day 5: Sustainable and Ethical Supply Chain Management

• Corporate social responsibility in supply chains
• Environmental considerations
• Ethical sourcing and fair trade
• Review of training areas covered

Assessment:

• Class participation
• Assignments and case studies

Course Delivery Approach 

This course is delivered by our experience training professionals who are expert specialists, and practicing in purchasing practice in both public and private sector. The course is taught through a mix of practical activities, theory, group works and case studies. Training manuals and additional reference materials are provided to the participants , who will also be awarded a certificate of participation from Skyrokers Training & Consultancy Institute at the end of the course.