Monitoring and tracking of raw materials and goods help keep costs low and enable your organization to meet demand. Best practices and topics included in this course include logistics receiving, forecasting, replenishment, inventory classification and minimizing risk through the optimization of cycle and safety stock levels. Through this course, both fundamental and proficient level professionals will gain insight into the essential skills required to effectively manage an organization’s assets and reduce holding costs.

Procurement and supply chain leaders can no longer optimize for cost alone. Today’s sourcing decisions must balance price, service levels, speed to market, resilience and disruption risk across increasingly complex supply chains.

In this webinar, we’ll explore a practical framework for making more balanced, strategic procurement decisions using a risk-adjusted total cost of ownership (TCO) approach. Attendees will also examine the operating practices that support stronger supply chain performance, including diversified sourcing, real-time visibility, scenario planning, and governance models that align purchasing decisions with enterprise-wide goals.

Procurement is an organizational function that covers a multitude of business functions. This includes specification development, value analysis, supplier market research, negotiation, buying activities, contract administration and inventory management. This course will provide a holistic approach to managing your supply chain and drive strategic value to impact both bottom-line costs and top-line revenues.