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Program Background:
Currently, the business environment is very competitive; all the organizations are gearing up to improve Profit & Growth. Profit could be increased by adopting different tactics. Improving Business volume (Growth) could be one way, however cutting the expenses and optimization of purchase prices with improvement in Inventory Turn & Reduction in consumption cost of material is another way. One of the methods employed is “The Rupee saved in the Supply Chain is directly having an impact on the Profit & Loss Account of the Company”.

The integrated Supply Chain function & its people can contribute significantly to ensure above. Planning, Purchase, Stores & Logistics personnel play an important Role. Dynamic but accurate Planning, Reliable & Trustworthy Supplier base, proper Stores & Inventory management with economic logistics system are the key factors.

SCM function is the decision maker for more than 65% funds of turnover. All these items are entering the organization through a purchase function, which thereby effectively controls a major portion of the organization’s finance. The rupee saved in buying goes directly to the profit column of the balance sheet.

All the functions of Supply Chain can contribute to profit, if operated effectively with Modern Trends & Techniques.

This workshop program is designed to meet needs of the Industry to run efficient operations to meet customer requirements, Sustainable Growth, improving OTD with Inventory Reduction & Winning competition in today’s dynamic Market Scenario. This covers all aspects of Supply Chain Management Techniques required in today’s Business World.

Overview of Supply Chain (SCM)
Concept of Profit & Profitability
Definition of Supply Chain
Objectives of Supply Chain
Organization of SCM
MRP → MRP II → ERP → ERM — Revolution
Importance of SCM and Costs involved in Supply Chain
Organization structure & functionalities involved in SCM
How will each function of SCM become the profit center of the organization?

Purchasing / Sourcing management
Basics of Purchase management
Process of Vendor Identification, Vendor Selection
Overview & discussion of Vendor Assessment / Evaluation / Reevaluation
Vendor Registration process
Vendor Performance measurement & Rating
Vendor Development process
Pricing, Negotiation tactics/ skill

Methodology: Interactive session with case studies

Who should attend?
This Executive Development Programme is for all Supervisors, Managers and Executives from all functions across the Supply Chain, Production Planning, Purchase, Stores, and Inventory Planning, to support Organizational Initiatives for Lean Management.

Medium: English/ Hindi

Fees & Registration Details:
Rs. 3,400 + GST 18% per person.
Rs. 3,200 + GST 18% per person for a group of Three to Four participants.
Rs. 3,000 + GST 18% per person for a group of Five or More participants.
Kindly provide the details of registration on email: iitdpune@gmail.com &/or rajiv@iitdworld.com
For registration, please provide us the following information:
Name of the program:
Name of the participant(s):
Participants email id for sending zoom link details:
Name of the company:
GST number:

Certification: Digital participation certificate will be provided to all the participants.