About Workshop
Procurement is the acquisition of goods and/or services at the best possible total cost of ownership (TCO), in the right quantity and quality, at the right time, in the right place and from the right source for the direct benefit or use of corporations, or individuals, generally via a contract. Simply in other words, the range of activities associated with the buying of goods and services to support business operations is called procurement.
Traditionally it was thought that competitive advantage was the result of marketing and advertisement expenses and purchasing was not given due importance. Even in the recent past, purchasing was regarded as being services to production and other functions of the company and thus it was given limited attention to issues concerned with the procurement. But in today’s competitive business world, these traditional approaches can no longer guarantee competitive advantage in all cases. Companies, therefore, have to find other means of succeeding. This is nothing but succeeding through effective utilization of procurement processes. Now managers have realized that purchasing should be considered as a key strategic business process rather than a narrow specialized supporting function to overall business strategy.
Typically, a company normally spends about 60-70% of revenues through procurement, and if this spending is managed efficiently and effectively, company can enhance its competitive advantage significantly. Any savings in procurement directly contribute to the company’s bottom line i.e. profit of the company. To achieve same amount of profit through marketing and sale, the company’s sale may have to be increased proportionately. In most cases this may become difficult task for many companies.
Savings in procurement can be achieved thoroughly by ensuring continuity of supply at the best possible TCO, reducing overall lead-times, maintaining quality and durability of supply of inputs, promoting innovation in supply, improving supplier’s reliability and services, maintaining optimum inventory and applying many other ways related to supply and procurement.
Logistics means having the right thing, at the right place, at the right time
Workshop topics to be covered:
Day 1
Introduction to program & learning objective
Procurement and its evolution of strategy
Overview of procurement process
Specification of purchasing requirement
Select areas of supply and its strategy
Information about supplier and supply market
Identify and select suppliers
Tea Break
Negotiating and bidding process
Building a cost model
Price and acquisition cost
Total cost of ownership
Make or buy decision
Outsourcing
Strategic souring
Prayer and Lunch break
Purchasing contract
Managing the contract
Supplier relationship management
Procurement savings
Vendor evaluation
Tendering process
Tea break
Group purchasing
Environmental consideration in procurement
Learning check
Question & answer session
Summarize and wrap up of the day
Day 2
Introduction to program & learning objective
Introduction to Logistics and its importance
Supply Chain Management and logistics
Operational and strategic responsibilities of Logistics
Drivers in Logistics and SCM: Inventory
Drivers in Logistics and SCM: Transportation
Drivers in Logistics and SCM: Warehouse
Tea break
Demand management and logistics
Supply management and logistics
3PL and 4PL
Cross-docking distribution center
Globalization and Logistics
Incoterms
Prayer and Lunch break
Various payment method
Transportation and its importance
Modes of transportation
Material handling and distribution
Green logistics
Tea break
Shipping and related issues
Shipping documents & related conventions
Insurance and logistics
Logistics and transportation in Bangladesh
Question-answer session
Summarize and Wrap up of the session
![](Templates/"../images/bodyedge_tr.gif"width="2"){kind=small}
![](Templates/"../images/bodyedge_tl.gif"width="2"){kind=small}
