Supply Management Contracting and Logistics

Learn how modern Procurement and Logistics organizations take advantage of digital tools to streamline the supply chain, mitigate risk and deliver more value to end users. Understand the fundamentals of purchasing, plans/strategies, forecasting, pros/cons of different organization structures, supplier relationship management, and more. Also, gain initial insight to the complex, global logistics ecosystem that keeps economies moving today. Students will learn the basics of international production, import, and inventory methodologies. Participants will gain an understanding of best practices in negotiation and contracting. Equip yourself to effectively manage the inevitable challenges in today’s international supply chain. 

By the end of this course, students will be able to:

• Differentiate and select from a variety of contract types to fit their particular needs
• Discuss the most common supply chain functions and explain how they come together to serve the customer
• Determine an optimal supplier mix and contracting method based on best overall value for a particular category
• Apply and recognize common negotiation practices
• Manage contracts effectively through implementation, maintenance and termination
• Evaluate risk vs reward of international contracts
• Navigate the most common basic legal issues that arise in procurement/supply chain
• Act in accordance with, and advise their companies on, appropriate moral, ethical and legal standards
• Design a strategy that allows the company to effectively control cost, minimize risk and improve customer satisfaction
• Recommend best practices for importing, shipping and inventory management