Over 50% of most manufacturing companies’ costs is in the purchase of direct & indirect material. However, the buyers and managers responsible often have no formal education in procurement and learn their skills “on the job” – an expensive proposition to say the least!
This program aims to equip professionals in procurement with ESSENTIAL SKILLS, enabling them to CREATE REAL VALUE for their organizations. Through lectures, case studies and exercises, they will understand and apply key concepts to become better procurement professionals.
Key Learning Outcomes
- Understand the purpose and function of effective procurement
- Learn how to initiate and manage tenders and contracts
- Develop effective negotiation skills
- Apply “Total Cost Analysis” in procurement decisions
- Build skills in developing and managing suppliers
Program Modules (1 Module per Day)
Upon successful completion of the program participants will receive a certificate of completion from MIT Global SCALE Network.
Who Should Attend
This program is well suited for executives and middle to senior level managers from Procurement, Supply Chain and Logistics functions. Managers from Finance, IT, Engineering and Sales who influence-purchasing decisions will also benefit.
His research interests are in the integration of supply chain with other functions of the company and the opportunities that arise at these intersections. Current research projects include the integration of financial options in the purchasing process, the implication of broad societal trends for mobility and the automotive industry, and logistics clusters as instruments for growth.
Feedback from Sime Darby Participants
Feedback from AdiWira (Head of Group Procurement, Sime Darby)
To learn more, please reach out to Mr Suso Menon, Director of Executive Education at Susobhitha Menon.