• L&T Institute of Project Management

  • L&T Institute of Project Management

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Enhancing Profitability through Effective Supply Chain Management and Strategic Sourcing

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EPC Organizations spend 60-70% of Project Budget in purchasing goods & services from other entities.

Our Supply Chain is longest & widest and consists of all category of supply chain partners including vendors, manufacturers, logistic providers, transporters, distributors, service provider and subcontractors. A construction project require goods and services of all types, across disciplines and from hundreds of vendors/manufacturer spread across the globe. Therefore, effective management of project supply is highly critical for project success. Supply Chain Disruptions has further enhanced the importance of this topic. Procurement function, if handled strategically, could reduce the overall project cost, time and result into profit enhancement. Construction Companies could achieve saving in the cost of goods sold by implementing strategic sourcing initiative and re-orienting procurement functions. Strategic Sourcing create value through purchasing process and could position the organization to achieve competitive advantages through its suppliers. This SCDM provide deep understanding to the participants to focus more on Integrated Supply Chain Management; align sourcing function with the overall business objectives and undertake proactive procurement. The ultimate purpose is to empower the participants to reduce the cost of final product/services and protect the project margin.

 

Target Audience: Executives to Tier-2

Program Manager: Ravindra S

Duration: 2 Days (16 hours)

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