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    Event Profile
    Class/
    Online
    Classroom
    Date June 27, 2018
    Time 9:00am to 5:00pm
    Venue Mandarin Orchard Singapore
    333 Orchard Road
    Singapore 238867
    Fee
    7% GST will apply
    SGD 1380.00
    3 & above: SGD460.00 each
    For Member
    SGD 1311
    3 & above: SGD437 each
    NoteTwo tea breaks and buffet lunch will be served. Limited complimentary car parking coupons are available upon request.
    Trainer
    Activity
    "A penny saved is a penny earned - Benjamin Franklin" This statement has for a long time been the driver of many companies in regards to their cost structure and their targets set for the procurement / purchasing divisions. But is this really true?

    This course will lay the foundation of good procurement practices while at the same time touch base on tying the procurement function into strategy and long-term supplier relationships.
    Key focus of the course will not only be on traditional procurement practises for eg cost models, setting up supplier KPIs but also on establishing a framework for conducting procurement exercises as well as creating insights on value creation.
    Objective
    You should today be a buyer or new manager who has been working within procurement or purchasing whether direct or indirect categories. You should see yourself as an individual who has been focusing on reducing costs and leveraging volumes but also now seen the opportunity of capturing value.

    This program equips procurement managers with a structured framework to conduct procurement exercises, which factors to consider when capturing value from procured services / products and also a next step platform on how to positioning the importance of procurement and the value it creates.
    Outline
    6 Sourcing Steps + 10 Golden Rules
    We will start of walking thru a simple framework with a set of supporting questions / rules that will enable us to go through simple to complex sourcing

    Total Value of Ownership
    Moving from costs to value will take time within each organisation. Total Cost of Ownership is the term that most companies and corporations refer too, but what we will discuss is Total Value of Ownership concept and what to consider in-terms of tangible and intangible benefits surfacing from procurement.

    Sourcing Tool box
    A key take-away from the training is a small toolbox, which can be used to execute procurement exercises. It will cover all of the items we will run thru during the course as well as enable you to personalize it to you, your job and your company in your working environment.
    Who should attend
    This course caters for Team Leaders, Senior Managers, Supervisors and for people who are driving projects, implementing new processes or just working with change management.
    Methodology
    This highly engaging and practical workshop will utilise an applied learning thru the Game of Change ® as well as theory to support
    Michael Nielsen's Profile
    Michael is an experienced coach and change manager having lived in various Asian countries including India, China and Singapore. He has worked with multiple Fortune 100 companies as well as set up his own companies in Hong Kong, Denmark and Singapore.

    During the last ten years, Michael has obtained significant insight to general management, having held senior positions in Logistics, Commercial and HR divisions. The diversity of his career has given him among others strong communication skills. He utilizes this skill and key understanding of the strategic position of the company to enable value capturing from source to point of use. The success of a good harvest lies in planting the right seed.

    Michael is passionate in personal development not only for himself but others to ensure value is created from and around him.

    Michael holds an Executive MBA from INSEAD as well as one from Tsinghua University which both have given him a strong theoretical toolbox in regards to finance and strategy. Michael completed his undergraduate degree in International Business at Copenhagen Business School in Denmark.
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