Asia has been the magnet for an influx of global investments due to its abundance of cost effective resources. Right now the rising prices of commodity costs, the changing face of global sourcing combined with the spike in crude oil prices has put this low cost core competency held by companies in Asia at risk. The processes involved selecting and managing the best suppliers and managing costs is increasingly becoming more complex and this training will highlight the various solutions available today. In highly competitive markets where end users hold the ultimate bargaining power, the final cost and price of the product is the greatest leveraging factor for market share. Effective supplier cost analysis and management techniques are extremely critical in ensuring ongoing competitive advantage for organisations. There are many drivers that make current day sourcing strategies complex and the needs for the procurement function are changing. Difficulties arise in evaluating suppliers not just on the base cost but also the entire spillover effect on the entire organisation’s processes. The training event will focus on the most realistic and practical tools available for industry practitioners in the region. The key focus on technical aspects focuses on strategic delivery for attaining high quality yet cost competitive materials and services for optimum operational processes. The specialised training module also addresses the latest trends in global sourcing and exploring untapped sources in the Asia Pacific.  This highly interactive and practical training course includes two key international experts who will provide the best coverage on overcoming recent regional challenges as both of them have specialised Asian regional and global experience .Over the course of the two days, this tailor-made event will ensure delegates discover sufficient supply cost analytical skills and supplier management techniques in order to make informed day-to-day strategic business decisions effectively. This is a one of a kind training event you would not want to miss!

Key features

· Overcoming the challenge of rising commodity costs via effective supplier selection techniques.

· Improving supplier relationship management for streamlining processes and enhancing overall delivery.

· Utilising accurate  and technical supply analysis methods for bottom line savings

· Analysing current and future challenges and trends of global sourcing in Asia

· Evaluating tools and techniques available to develop procurement strategies

· Developing relationships with current suppliers to improve operational collaboration.

· Measuring Total Cost of Ownership of supplies/services acquired over long periods.

· Anticipating and mitigating risk successfully in low cost sourcing areas.

· Reengineering spend management processes for maximum efficiency.

· Aligning your procurement process with organisational strategy

Target audiences

Directors, Division Heads, Senior Managers, General Managers, Managers and Specialists  of the following departments:

• Procurement (Direct & Indirect)

• Purchasing

• Sourcing

• Supplier Relationship

• Commercial

• Material

• Operations

• Supply

From across industries such as:

• Oil & Gas

 • Petrochemicals

• Chemicals

 • Heavy Industries (Steel, Aluminium, Cement)

• Energy

• Maritime

• Automotive

• Constructions

• IT

• Industrial equipment/products

• Telecommunications

• Textiles / paper

• Banking

• Electronics/Electrical/ household appliance

• Pharmaceutical

 • FMCG