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Procurement and Supply Chain Management
Effective Global Procurement
Overview:
Introduction:
This training program is designed to equip procurement professionals with the knowledge and skills necessary to excel in global procurement. It empowers them to drive procurement excellence in a global context and achieve optimal outcomes for their organizations.
Program Objectives:
At the end of this program, participants will be able to:
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Understand the fundamentals of global procurement and supply chain management.
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Develop and implement effective international procurement strategies.
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Employ robust supplier selection and evaluation methodologies.
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Manage risks and compliance issues in global procurement.
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Conduct successful international negotiations.
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Leverage technology to enhance global procurement processes.
Targeted Audience:
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Global procurement managers and officers.
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International purchasing professionals.
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Supply chain managers.
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Contract managers.
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Anyone involved in global procurement and supply chain management.
Program Outline:
Unit 1:
Fundamentals of Global Procurement:
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Introduction to global procurement principles and processes.
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Understanding the global procurement lifecycle.
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Legal and ethical considerations in international procurement.
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Global procurement strategies and best practices.
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Case studies on successful global procurement initiatives.
Unit 2:
International Procurement Strategies:
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Developing effective global procurement strategies.
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Strategic sourcing in an international context.
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Aligning global procurement with organizational goals.
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Cost management and value creation in global procurement.
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Implementing global procurement policies and procedures.
Unit 3:
Global Supplier Selection and Evaluation:
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Criteria for selecting international suppliers.
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RFP (Request for Proposal) and RFQ (Request for Quotation) processes.
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Conducting supplier audits and assessments.
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Managing supplier performance and relationships.
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Building long-term strategic partnerships with global suppliers.
Unit 4:
Risk Management in Global Procurement:
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Identifying risks in international procurement.
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Developing risk mitigation strategies and contingency plans.
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Ensuring compliance with international trade regulations.
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Managing geopolitical and economic risks.
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Case studies on global procurement risk management.
Unit 5:
Advanced Negotiation Techniques:
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Principles of international negotiation.
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Preparation strategies for global negotiations.
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Tactics and techniques for effective international negotiation.
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Overcoming cultural differences and communication barriers.
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Negotiation simulation exercises and role-playing scenarios.
Unit 6:
Leveraging Technology in Global Procurement:
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Introduction to e-procurement tools and technologies.
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Implementing global procurement software solutions.
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Using data analytics to drive procurement decisions.
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Enhancing transparency and efficiency through technology.
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Case studies on successful technology implementations.
Unit 7:
Sustainable and Ethical Global Procurement:
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Understanding sustainability in global procurement.
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Implementing sustainable procurement practices.
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Ethical considerations and corporate social responsibility.
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Measuring and reporting on sustainability performance.
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Building a sustainable procurement strategy.
Unit 8:
Logistics and Supply Chain Management:
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Fundamentals of global logistics and supply chain management.
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Managing international transportation and logistics.
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Warehouse and inventory management in a global context.
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Ensuring supply chain continuity and resilience.
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Case studies on global supply chain management.
Unit 9:
Financial Management in Global Procurement:
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Budgeting and financial planning for global procurement.
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Cost analysis and reduction strategies.
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Managing foreign exchange and currency risks.
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Financial performance measurement and reporting.
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Case studies on financial management in procurement.
Unit 10:
Global Procurement Leadership and Innovation:
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Leadership skills for global procurement professionals.
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Driving innovation in global procurement processes.
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Change management and organizational transformation.
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Developing a global procurement team.
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Best practices for continuous improvement.