Improve your Inventory Management skills if you want your annual physical stock to be a pleasant event. This is a comprehensive 2 days training program on Inventory Management and Control.

If you have been wondering about how to reduce write-offs, shortages, theft, losses and other related problems in a store or warehouse, you cannot afford to miss this program.

It offers practical techniques and strategies which you can implement right away. Participants will also learn how to avoid keeping excessive stocks, slow moving items and ensure smooth operations in the company with minimum level of stocks.

COURSE OBJECTIVES

• Design effective inventory and control system to expedite productivity.
• Set attainable performance measurement targets.
• Determine the best inventory technique for your organization.
• Improve your inventory forecasting to prevent wastage.
• Prevent frauds, theft or losses with accurate stock records.
• Set safe stock levels without compromising customer service.
• Ensure smooth continuous productivity through improved inventory techniques .

How much profit do inefficient warehouse practices subtract from your bottom line? Inaccurate inventory data, slow order handling processes, incorrect orders and customer dissatisfaction are all expensive consequences of an inefficient warehouse management system.

This course will lead to understand:

• Better utilization of the existing space of your store / warehouse.
• Save time & increase accuracy through computerization.
• Ensure store / warehouse safety & security.
• Use efficient materials handling equipment.
• Improve store / warehouse layout.

This training program gives the participants the understanding on the aspects of services of freight agents or forwarders, particularly for international freight. It details forwarders’ roles to handle logistics or transport functions including import and export requirements, documentation in freight shipment, freight rates, expediting, tracing and damage claims.

Payment of freights bills, freight audits, incoterms, demurrage, types of bill of lading and freight agents’ fees will be dealt with. At the end of this training, participants will walk away with confidence in handling their logistics effectively with their forwarding agents.

With the advent of supply chains, firms are facing tough competition, pricing and deliveries from the international arena. With factors ranging from rapid advancement in technology and currency crisis to increased fuel costs, organizations are finding ways to reduce cost while improving quality and delivery to not only meet but exceed their customer’s expectations.

This requires strategic planning through competitive sourcing and pricing. Participants attending this two-day seminar will learn the techniques of dealing with overseas suppliers through better understanding of proper documentation, managing foreign currencies exchange and international negotiation.

Participants will also learn through role play in ‘negotiation sessions’. Key Benefits Of Attending:

• Understand the purchasing process, its strategic functions and how to approach international sourcing.
• Look into critical factors in global sourcing and vendor appraisal.
• Develop sourcing strategies to build-up lean purchasing through various of purchasing methods.
• Learn how to use EDI as e-commerce to its advantage.
• Understand the legal constraints on e-commerce.
• Learn to apply cost reduction techniques.
• Learn about the mode of international payment and the risks involved.

Store & Warehouse Operations play a critical role in the profitability and success of every business. The way the store and warehouse is managed and run will impact greatly on the company’s bottom line.

Nowadays, store personnel face major problems in implementing up-to-date methods. They need to be updated on the latest tools and techniques to cost-manage effectively the day-to-day operations.

This two days course aims to provide all store and warehouse operators with the knowledge to make them more competent, improve productivity and ultimately to manage the store and warehouse profitably. It will also help to identify inefficiencies in existing layouts and show how space economies can be achieved.

Fundamental of purchasing skills is designed to give participants an understanding of purchasing management fundamentals and various methods of operating the daily purchasing processes.

Participants will learn the methodology of the supplier’s evaluation and selection technique, buying efficiency, purchase negotiation, and administer the purchase.

This program will teach the skill and knowledge needed to:

• The concept of supplier development.
• Purchasing administration and control.
• Types of evaluation needed.
• Positive motivation of the supplier.
• Basic approach to purchase control.
• Controlling buying efficiency.
• Controlling purchasing efficiency.
• Art and science of purchasing negotiation.
• Price and Cost analysis.

With the advent of supply chains, firms are facing tough competition, pricing and deliveries from the international arena. With factors ranging from rapid advancement in technology and currency crisis to increased fuel costs, organizations are finding ways to reduce cost while improving quality and delivery to not only meet but exceed their customer’s expectations.

This requires strategic planning through competitive sourcing and pricing. Participants attending this seminar will learn the techniques of dealing with overseas suppliers through better understanding of proper documentation, managing foreign currencies exchange and international negotiation.

Participants will also learn through role play in ‘negotiation sessions’.

In the era of globalization, cost containment, out-sourcing, “just-in-time” inventory and pervasive information technology, purchasers in today’s business world must negotiate in new and very different ways with their suppliers to protect the interests of their organizations and produce results such as lower costs, better cycle times, improved quality and delivery and stronger relationships with suppliers.

How to Negotiate with Vendors & Suppliers equips participants with a powerful set of concepts, skills and tools for negotiating more profitable relationships with suppliers and is built around a powerful, experiential learning approach that helps you to:

• Understand the do’s and don’ts of effective negotiations.
• Build your confidence.
• Maximize your negotiation skills.
• Learn how to negotiate for the pricing and terms you and your organization need with the suppliers and vendors.

Most companies are scrambling these days to squeeze extra profit out of every single business transaction. They are already operating at maximum efficiency, doing more with less, and doing it faster than ever before. Another obvious area to enhance profit potential is in the negotiation process with suppliers.

Traditionally, purchasers have been at a disadvantage here, because suppliers have the benefit of successfully negotiating with numerous partners over time. This course will ensure that participants are equipped with the skills of a high-powered negotiator.

The result will be a dramatic change in your negotiation skills and style, thus giving you more confidence and power over your suppliers’ demands.

Participants in the Negotiation Skills For Purchasing seminar will learn to:

• Discover insights into suppliers' bargaining tactics.
• Understand each type of bargaining and negotiations "platform."
• Plan negotiations in five distinct phases.
• Establish negotiation targets and objectives.
• Identify important facts about your supplier.
• Discover and use your points of power during a negotiation.
• Develop a negotiation plan that is simple, but highly effective.
• Prepare and plan your negotiation in advance.
• Employ sound negotiation techniques to turn adversaries into partners.

Purchasing plays an important role in the profitability and success of every business. The way the Purchasing function is managed and run will greatly influence the company’s bottom line.

This program aims to provide purchasing personnel with the knowledge to be efficient, effective and ultimately to purchase materials and services at the best prices without sacrificing quality and service.

It highlights on how Purchasing personnel can help to increase productivity and achieve savings through effective purchasing 6 basic methods for cost reduction will be discussed:

• Management by objectives.
• Negotiations, training and development.
• Value analysis.
• Substituting.
• Outsourcing and subtracting.
• Form strategic alliance and process re-engineering covering EDI concepts.

A two day program that is aimed at strategic purchasing and systems which are essential to increase purchasing effectiveness, productivity and performance. In order to stay competitive in the market, purchasing practitioners need to examine their role and develop strategies and systems to improve the purchasing process for competitive advantage.

After completion of the course, participants will be able to:

• Develop and sharpen their purchasing systems and strategies.
• Adopt the best ways to integrate the technique in the daily operations.
• Increase purchasing effectiveness and efficiencies.
• Reduce costs of purchasing through negotiation process and effective sourcing strategies .

This course concentrates on the know-how and techniques of dealing with supplier’s evaluation. Participants will learn the art and science of purchasing management.

Course objectives This two-day programme is intended to teach participants the methodology of the suppliers’ evaluation and selection technique. Participants will gain in-dept understanding of purchasing management fundamentals and the various methods of control and measurement leverage purchasing efficiency.