course | Global Best Practices in Purchasing, Supply, Demand, And Inventory Management
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PSCO-2371 | Global Best Practices in Purchasing, Supply, Demand, And Inventory Management
Course Sector : Procurement & Supply Chain Operations
| Duration | Date from | Date to | Course Venue | Course fees | Book a course |
|---|---|---|---|---|---|
| 5 Days | 2025-07-07 | 2025-07-11 | Dubai | $4,250 | Book now |
| 5 Days | 2025-10-20 | 2025-10-24 | Dubai | $4,250 | Book now |
Course Introduction
In today's volatile and interconnected global economy, managing supply chains efficiently is more critical than ever. This advanced course is designed to provide professionals with an in-depth understanding of the latest global best practices in purchasing, supply management, demand planning, and inventory optimization.
Drawing on cutting-edge frameworks, digital innovations, and real-world case studies, the course empowers participants to improve procurement agility, enhance supplier collaboration, align demand and supply planning, and implement inventory strategies that drive cost efficiency and service excellence.
Whether navigating supply disruptions, integrating AI-based forecasting tools, or refining sourcing strategies, this course prepares participants to lead transformation across the entire value chain. Emphasis is placed on data-driven decision-making, sustainability, and risk mitigation aligned with global standards such as APICS, ISM, and CIPS.
Course objective
- Apply global best practices in strategic sourcing, supplier evaluation, and contract management.
- Align supply and demand plans using integrated business planning (IBP) and S&OP frameworks.
- Utilize data analytics, AI, and machine learning in forecasting and demand sensing.
- Design inventory models that balance cost, service level, and supply variability.
- Improve procurement efficiency through automation and digital procurement platforms.
- Manage supply chain risks and disruptions through resilience-building strategies.
- Develop sustainable procurement and inventory practices aligned with ESG goals.
- Integrate cross-functional collaboration to drive end-to-end supply chain optimization.
Course Outline | DAY 01
Strategic Procurement & Global Sourcing Best Practices
- The evolving role of procurement in the global value chain
- Strategic sourcing frameworks (Kraljic Matrix, TCO)
- Supplier segmentation and global supplier evaluation
- Procurement digitization and e-sourcing technologies
- Contract lifecycle management and negotiation excellence
- Supplier performance and development programs
Course Outline | Day 02
Demand Planning and Forecasting Strategies
- Introduction to demand planning and its business impact
- Forecasting techniques: quantitative vs. qualitative
- Demand sensing and real-time analytics
- Collaborative forecasting with customers and sales
AI/ML applications in demand forecasting
Course Outline | Day 03
Supply Planning and Operations Alignment
- Supply planning fundamentals and supply constraints
- Master production scheduling (MPS) and capacity planning
- Materials Requirements Planning (MRP) best practices
- Vendor Managed Inventory (VMI) and collaborative planning
- Integrated Business Planning (IBP) vs. S&OP
- Managing supply disruptions and variability
Course Outline | Day 04
Advanced Inventory Optimization and Control
- Inventory classification (ABC/XYZ, FSN, etc.)
- Replenishment models (EOQ, ROP, Min-Max, Just-in-Time)
- Inventory visibility and multi-echelon inventory optimization (MEIO)
- Inventory performance metrics: Inventory Turns, DSI
- Lean and agile inventory management practices
- Inventory accuracy and cycle counting methods
Course Outline | Day 05
Risk, Sustainability, and Continuous Improvement
- Supply chain risk identification and mitigation frameworks
- Business continuity and crisis response strategies
- Sustainable sourcing and green supply chain initiatives
- ESG compliance and ethical sourcing
- Continuous improvement (Kaizen, Six Sigma in supply chain)
- Final group exercise: Supply Chain Diagnostic and Action Plan
BOOST’s Professional Attendance Certificate “BPAC”
BPAC is always given to the delegates after completing the training course,and depends on their attendance of the program at a rate of no less than 80%,besides their active participation and engagement during the program sessions.
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