Advanced Strategies in Procurement, Warehousing, and Logistics Management

Introduction:

Advanced Strategies in Procurement, Warehousing, and Logistics Management are pivotal for maintaining cost efficiency and operational consistency within organizations. This advanced degree program in procurement and storage management aims to enhance the proficiency of managers and staff engaged in these critical functions.

The course explores the integration of procurement, storage, and logistics management to optimize cost savings and operational effectiveness. It covers both traditional and modern warehousing practices, equipping participants with theoretical knowledge and practical skills in procurement and warehousing.

Targeted at professionals seeking advanced skills in warehousing procurement, the course offers insights into warehousing management and strategic procurement planning. Participants will learn to apply various procurement and warehousing methods to improve logistics operations and organizational efficiency.

Objectives:

By completing this program, participants will:

• Develop strategic decision-making capabilities in logistics management.
• Ensure compliance with relevant legislation and regulations.
• Understand procurement concepts for local and international contracts.
• Acquire knowledge in clearance, shipping, and insurance of goods.
• Execute strategic procurement planning and negotiate supplier contracts to reduce costs.
• Implement effective warehouse management practices to maintain business continuity and minimize inventory investment.
• Manage stock disposal efficiently to enhance organizational liquidity.

Training Methodology:

• Research Papers
• Professional Seminars
• Real-Time Games
• Team Work
• Role Playing

Course Outline:

Unit 1: Basic Concepts in Purchasing and Storage

• Significance of procurement and storage in organizational planning
• Financial implications of procurement and storage processes
• Regulatory framework for procurement and storage
• Centralized vs. decentralized purchasing and storage
• Roles of sales staff and warehouse personnel

Unit 2: Purchase, Planning, and Organizing The Stores

• Sources of supply
• Supplier selection criteria
• Internal structural organization of warehouses
• Types of warehouses: wholesaling and distribution
• Methods of ordering and item positioning strategies

Unit 3: Methods and Procedures of Purchase and Storage

• Procurement methods: open, restricted tender, practice tender, one order method
• Control and documentation of procurement and storage processes
• Inventory management and stocktaking guidelines
• Evaluation and monitoring of procurement processes

Unit 4: Problems of Storage and Purchase and Approaches to Their Resolution

• Identifying and managing idle stock
• Addressing administrative, organizational, and procurement challenges
• Safeguards against stock loss or damage

Unit 5: Management and Distribution of Goods

• Structural aspects of logistics and foreign trade logistics
• Logistics in purchasing and operational/technological information
• International economic relations: documentary collection and letters of guarantee/credit

Unit 6: Terms of International Sale

• Legal delivery contract limits and forms
• Incoterms 2000 and their impact on international business

Unit 7: Aspects of Commercial and Legal Documents Relating to Sales Agreements

• Legal provisions and contract wording for international sales
• Coverage approvals and pre-proformas

Unit 8: Export Documentation and International Customs Regulations

• Commercial and consular invoices, records of origin
• Pre-shipment inspection documents
• Transport and insurance documents

Unit 9: Shipping Methods

• Mixed, container, cargo, chartered vessels, and rolling vessels

Unit 10: Transportation

• Sea vessels, airfreight services, and land transportation

Unit 11: Clearance and Shipping Procedures

• Laws and in-depth issues related to clearance and shipping

Unit 12: Procedural Details Pertaining to Export Insurance

• Necessity of export insurance and classification of goods insurance under the London insurance market