Masterclass in Inventory Planning and Procurement
In order to have outstanding purchasing operations, excellent vendor relations, systematic demand, forecasting, and ordering system must be present.
Course Objectives
- To enable the participants to better understand the different methods and strategies in purchasing and adapt strict purchasing policies.
- To develop the standard benchmarks for inventory planning and understanding key performance indicators of an effective inventory planning strategy implementation
- To enable the participants to appreciate the importance of good vendor relations in purchasing and adapt a quality supplier program for a more efficient purchasing system.
- To enable the participants to learn and adapt in their respective organizations the different methods of demand forecasting and ordering.
- To provide participants the workshop on inventory planning and procurement as key driving force in the supply chain management.
Registration fee
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CPD Credits on the certificate
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Free online course materials
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Free consultation with the speaker
Course Pack
- 4 sessions | 2 hours per sessions
- CPD hours accredited by PRC
- Activities include workshops, lecture, and project implementation
Who Should Participate
- Purchasing managers and personnel
- Business owners
- Logistics managers and personnel
Class Schedule
- February 6, 13, 20 & 27, 2022
- 1:00 PM - 3:00 PM UAE Time
Course Outline
Nature of Inventory Planning and Purchasing Management
- Understanding an effective Inventory Planning Strategy
- Validating an Organization’s Purchasing Policies that supports the strategy
- Quality Supplier Program
- How to get the best from vendor contracts.
- Proper Selection of Supplier
- Evaluating Supplier Performance
- What to look out for in vendor contracts, terms and conditions
- Optimizing vendor relations and technologies to support supply chain
- Key Performance Indicators and measuring Effective Planning and Purchasing activities
Purchasing Methods and Strategies
- Understanding Purchase to stock and Pushed purchase from brands
- How to get the best value
- Purchasing Methods / Techniques
- Purchasing Strategies
Demand Forecasting and Reorder Point
- Demand Forecast and Lead Time Information
- Forecasting Approaches
- Qualitative Approaches
- Quantitative Approaches
- Reorder Point (ROP)
- How Much to Order – Minimum and Maximum
Inventory in an E-Commerce Ecosystem
- Overview of the dynamics in planning and procurement in e-Commerce
- Impact of e-Commerce procurement to overall planning for brick and mortar stores (stocks in store)
Profile of the Speaker:
Liz Domingo
Senior Merchandise Planner
Born and raised in Manila, Philippines, Liz moved to the UAE in 2008 after a brief stint in the banking sector. She began her retail journey as Admin Assistant for Luxury Fashion with the Al Tayer Group, handling all retail store admin-related work.
Her break in the Planning field started in 2010 where she was tapped to handle high-end jewelry brands such as Bvlgari, Boucheron, Pomellato, Gucci, among others. She then moved her way up the ladder crossing to the luxury and lifestyle fashion like Armani Exchange, and to Home and Furniture brands like Crate and Barrel.
Her last position was Senior Merchandise Planner at Majid al Futtaim – Fashion.
Having started from the junior role, Liz is very well-versed in supply chain management, buying and planning, pricing and markdown, budgeting and forecasting, replenishment and allocation, data management, product assortment planning, supplier management and sales analytics.
