Strategic Sustainable Procurement, Inventory & Stock Control, and Contract & Payment Method

12-13 Dec, 2024, THE GARDENS KUALA LUMPUR

IPA Training is Registered with

Learn from the Best

Mr Steven Yeo
MBA in Supply Chain Management (USA)
Certified HRDF Trainer (TTT certificate number 4669)
Certified Professional Trainer and Facilitator (University Malaya, Malaysia)

 

Steven Yeo has more than 35 years of Industrial working experience in the area of Supply Chain
Management, Production, Warehousing and Procurement. He brings a wealth of expertise to the field.

 

His focus spans in training, facilitation, and consulting, catering to both public and private sectors in
Malaysia and overseas. His comprehensive knowledge encompasses Procurement, Supplier Management, Warehousing,
Logistics, Supply Chain, Risk Management, International Payment Systems, and Operations.

 

In his final role before retiring from full-time corporate employment in 2019, Steven served as the
Company Director and Supply Chain Manager for a multinational French company based in Melaka.

 

Steven’s distinguished career is marked by numerous accomplishments, including:

 

• Cost Reduction Management Program:
Spearheaded and managed a successful cost reduction program, resulting in savings of up to RM6.5
million for the company.
• Supplier Contract Management:
Played a pivotal role in managing supplier contracts, actively involved in proposing, drafting, and renewing contracts with
suppliers. Collaborated with internal stakeholders and legal experts to ensure robust
negotiations.
• Intellectual Property Protection through Non-Disclosure Agreements (NDAs):
Managed NDAs with suppliers to safeguard the company’s intellectual property.
• International Contract Negotiations and Supplier Relationship Management:
Successfully negotiated with a major European customer to secure a new contract. Conducted visits to overseas suppliers for performance improvement and strategic selection of new suppliers.
• Establishment of Supply Chain Controls:
Established controls and procedures, emphasizing the importance of supply chain control. Achieved 100% shipment performance to customers.

 

Steven Yeo has conducted training sessions for a diverse range of organizations, including major entities such as Sepang Aircraft Engineering (a subsidiary of AIRBUS), Inari Amerton Berhad, Syarikat Wen Ken Drug Sdn Berhad, MyMedic Innovation Sdn Berhad, Q Value ADD Penang, World Kitchen Berhad (Pasir Gudang), Food Excellence Sdn Berhad, Nanmu Yarn Manufacturing, Chuen Cheong Food Industry, Syarikat Batu Bata Kia Lim Berhad, Accenture, Continental Tyres Malaysia, Plexus Malaysia, Escatec
Manufacturing, Canon Medical System, Kian Joo Manufacturing, Frenken Mechatronics, Hershey Foods, BINA Plastics, Kian Joo, AUO Sun power, Alliance Contract Manufacturing, Everbest Bio Tech Kulim, Infineon Malaysia, Adient Malaysia, COHU Malaysia, Overland Total Logistics, Toshiba Transformers Malaysia and Overseas training program in Dubai and India sub-continent.

 

His extensive industry experience adds invaluable depth to his training, as participants consistently praise his ability to impart practical knowledge and skills. His insights have proven instrumental in saving resources, time, and mitigating potential errors for participants.

 

Venue Details

THE GARDENS KUALA LUMPUR
Mid Valley City, Lingkaran Syed Putra, 59200 Kuala Lumpur,
Phone : 603 2268 1188

https://www.stgileshotels.com /the-gardens

Contact us

Juliany,
03 2283 6109
juliany@ipa.com.my

Phoebe,
03 2283 6100
phoebe@ipa.com.my 

FOR CUSTOMISED IN-HOUSE TRAINING
Jane,
03 2283 6101
Jane@ipa.com.my

ADDRESS 
A-28-5, 28th Floor, Menara UOA Bangsar, 
No.5, Jalan Bangsar Utama 1, 
59000 Kuala Lumpur
www.ipa.com.my

FOCUSING ON
  • Module 1: The Role of Procurement versus Purchasing
  • Module 2: Supplier Selection Techniques
  • Module 3: Performance Management Techniques
  • Module 4: ESG and BCP Risk Planning
  • Module 5: Inventory and Stock Control
  • Module 6: Type of Procurement Contract and Payment
OVERVIEW

The procurement function plays a pivotal role in the strategic operations of any business, often being a key driver of profitability and competitive advantage. A well-managed procurement system is essential for optimizing costs, improving efficiency, and enhancing market share.

This comprehensive 2-day course is designed to provide participants with essential knowledge and practical insights into implementing effective procurement strategies.

By the end of the course, participants will gain the skills needed to create a more efficient and sustainable procurement function, ultimately contributing to the organization’s overall success.

AFTER ATTENDING THIS COURSE YOU WILL RETURN TO YOUR JOB…
  1. UNDERSTANDING the key difference between Tactical and Strategic Procurement activities.
  2. UNDERSTANDING the key role of Procurement.
  3. DEVELOPING knowledge on Sustainable Procurement activities.
  4. DEVELOPING the knowledge on Managing Risk and Implementing Disaster Recovery Planning.
  5. UNDERSTANDING the important of Inventory and Stock Integration in Procurement.
  6. UNDERSTANDING basic Contract Rule and type of Contract in Procurement.
WHO SHOULD ATTEND

This course is designed for employees involved in the managing of Supply Chain function in the company, example personnel from Procurement, Warehouse, Logistics and Planning Department and Finance.

This course is suitable to all personnel involved with Suppliers and other Stakeholders in resolving issues

METHODOLOGY
This course will involve the following areas to increase learning:
• Facilitation by trainer to increase understanding of subject matter
• Case Studies & Brainstorming session
• Discussion on Subject of Learning
DAY 1
9:00

MODULE 1: THE ROLE OF PROCUREMENT VERSUS PURCHASING

  • Definition of Procurement versus Purchasing
  • Procurement as Profit Centre
  • Strategic and Tactical Procurement Key Processes
  • Key Fundamentals of Procurement
  • PQR analysis
  • Procurement Key Segmentation For Effective Managing
12.00

MODULE 2: SUPPLIER SELECTION MANAGEMENT TECHNIQUES

  • Strategic Sourcing
  • Traditional Sourcing
  • Tenders and Bidding
  • Selection Strategies
  • Audit
  • Cost Evaluation
1:00 Lunch
2:00

MODULE 3: SUPPLIER PERFORMANCE MANAGEMENT TECHNIQUES

  • Expediting Process
  • Supplier and Vendor Handbook
  • Supplier Quality and Cost Index
  • KPI for Procurement Process
  • Supplier and Vendor Risk Management Cycle
  • Reactive and Proactive Management Technique
  • Supplier Quality Management system
  • Principle of Supplier Management
  • Root Cause Analysis
  • Procurement Competitive Analysis
5:00 End of Day1
DAY 2
9:00

MODULE 4: ESG AND BCP RISK PLANNING

  • Environmental and Social Governance
  • Supply Chain Risk and Threat
  • SCM Emerging Challenges
  • Definition of Risk Management
  • Definition of Business & Operation Continuity Planning
  • Preemptive Operational and Strategic Risk Management
  • BCP Cycle
  • Objectives of BCP
  • BIA Analysis
  • RCO Objectives in BCP Planning
  • TRA Analysis and Measurement
  • Understanding the BCP Tiers
  • RPO and RTO Recovery Objectives from Disruption
  • Disaster and Recovery Planning
 

MODULE 5: INVENTORY AND STOCK CONTROL

  • Definition of Inventory and Stock
  • Pull and Push system
  • Kanban
  • CRP and Periodic control
  • Simple Average Forecasting Method
  • Historic Forecasting
  • Reorder Level and Safety Stock
  • Turnover Ratio
  • Stock Accuracy Management
  • SLOB
  • Hybrid Consignment Stock
  • VMI
  • Consignment Stock
1:00 Lunch
2:00

MODULE 6: TYPE OF PROCUREMENT CONTRACT AND PAYMENT

  • Principles of an Offer and Acceptance
  • Type of Purchase Order
  • Type of Contract in Procurement
  • Incoterms Rule of Delivery
  • Rule of Letter of Credit
  • Rule of Documentary Collection
5:00 End of Course