What you’ll learn
• Tools and techniques for your procurement journey!
• Know the different kind of organizational purchases and the right inventory planning tools for them.
• Master the forecasting of demand for supply planning
• Excel in negotiation strategies as a procurement professional
• How to segment your suppliers and negotiate with them accordingly.
• Know the delivery terms used in Contracts and purchase orders
• Know the different payment terms used in Contracts.
• Use Make or Buy tools to make Purchasing decisions.
• Understand the terms and conditions in Contracts.
• Know the steps of the Tender Process.
• How to evaluate suppliers and your assets turnover.
• Use MPS and MRP to plan for the quantity and time of issuing orders for material and components.
• The inventory techniques the procurement professional should know.
Course Preview
Requirements
♦ Motivation to learn more on procurement and supply chain.
Description
Welcome to Procurement & supply planning tools and techniques. In this course, we will learn :
1-How to do forecasting for purchasing and procurement purposes?
2- What are the strategies we use for negotiation with suppliers.
3- How to do make or buy decisions?
4- How to count for safety stock when buying finished products, materials, and components?
5- How to segment suppliers to maximize cost?
6- The difference between bidding strategies and when to choose each one of them.
7- The types of Contracts and when to choose one of them.
8- How to mitigate risk when sourcing
The course combines analytics and theory. during which, you will have a supply planning journey where you will be responsible for forecasting, planning for production, and Material requirement planning.
Who this course is for
• Supply chain professionals • Procurement professionals • Forecasting and inventory practitioners • Logistics professionals
Student reviews
This course is very good, I really like how he explains the concepts, looking forward to continue it till the end. Highly recommended for folks who want to learn R from the beginning.
I am study Applied Statistic. This course contain all the important areas in statistics as well R language. I encourage everyone in this filed to add this course in your list. because it will be a massive key in your daily work as a practical skills
I thought I knew Supply Chain a bit, but Haytham is redefining the concept using R. His Supply Chain Data science course is a gem in the vast land of data science knowledge. His step-by-step approach and clear articulate style are remarkable. I sometimes wonder if taking his class alone would have been better than degrees in supply chain. This gentleman is a treasure: learn from him as much as you can because he packs a formidable set of skills delivered to you for nothing
Well, I haven’t completed the course yet, but from what i see, it has been great. As a supply chain student about to graduate, this course is tailor made for Analytics knowledge that we are ought to have in our Arsenal. Thank you for thinking of students when you made this course. 38 hours of course is completely worth it.
One of the best courses available on Supply Chain Analytics. Really liked the approach of explaining concepts in Excel first before implementing it in R.