Quality Management Certifications

Learning Objective

To gain industry knowledge on the concepts in Sourcing resulting in economic leverage and optimized purchasing efficiency.

Description

The course offers 14 core concepts. The concepts and their overview are mentioned below

Topics

  • Objective of Purchasing
  • Types of Purchasing
  • Scope of Purchasing
  • Purchasing Cycle
  • Purchase Ethics
  • Strategic choice of Make or Buy
  • Core Competencies
  • Steps involved in Make or Buy decision
  • Cross Functional Team
  • Total Cost Analysis
  • Purchase Requisition
  • Steps involved in processing RFQ
  • Supplier Evaluation
  • Key Performance Indicator(KPI)
  • Benefits of TCO
  • Ways to Analyze the pricing of product or service
  • Quote Analysis
  • Cost Analysis to arrive at Landed Cost
  • Material Cost
  • Conversion Cost
  • Post Production Process Cost
  • Profit, Overheads and Other Costs
  • Importance of Negotiations
  • Phases of Negotiations
  • Purchase Positioning Model
  • Types of Negotiation
  • Negotiation Do's and Don'ts
  • Importance of Standard Terms and Conditions
  • Effectiveness of Standard Terms and Conditions
  • Important Terms and Clauses
  • Procurement Planning
  • Solicitation planning
  • Source selection
  • Contract Administration
  • Risk assessment of Contracts
  • Demand, Supply and Production Planning
  • Scheduling Processes
  • Stocks
  • Advanced Shipping Notice (ASN)
  • GRN Process
  • Documents required for Material Movement in GRN
  • Documents required for Custom Clearance
  • Process Flow of Offloading
  • Situations driving decisions of Offloading
  • Eliminate Priority Clashes
  • Supplier rating
  • Basic of supplier evaluation
  • Criteria weightages and measurement scale
  • Evaluation Criteria and scoring
  • Types of Inventories
  • Purpose of Inventory
  • Costs involved in Inventory
  • Techniques of Inventory Control
  • Mould, Tool, Die differences
  • Progressive Tool and Single Stage Tool
  • Tool Manufacturing, Investment and Ownership of Tools
  • Scenarios leading to Tooling Requirements
  • Tooling Data