|Category :||Building Maintenance, Building Materials, Business Services, Civil Engineering, Concrete, Construction, Construction Equipment, Construction Services, Consultants, Contractors, Electrical Goods, Electrical Service, Electronic Equipment, Engineering, Engineers, Excavators, Mining, Plumbers, Plumbing, Real Estate Agents, Roofing, Surveyors & Valuers|
|Publish date :||May 20, 2021|
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|Address||Bibiani Whenampori bibiani to Bekwai Road|
|Time||8:00am to 5:00pm Monday to Friday|
Many organizations in the Mining and Construction industries including public and private are collapsing due to the fact that, their procurement and supply chain departments are not well organized and effectively managed. As a result, millions of cedis and dollars are lost every year through this department thereby putting the company’s capital into bankruptcy. It is expected to source for the right quantity and quality of goods and services from the right place at the right time with right negotiated price to achieve total cost of ownership (TCO) but most of these departments employees lack the strategic managerial and decision making skills. Again not trustworthy and reliable to manage operations effectively and efficiently to achieve the expected results hence the need to fill the gap.
It is estimated that about 65% of considerable organizations operations costs is being managed by the Procurement and supply chain department. Obviously, a department or unit of this sort has a significant impact on shareholders’ value. This require critical strategic decisions such as i) understanding supply chain to meet core competencies ii) Breaking down strategic decisions that can be implemented operationally iii) the use of data science and analytics to drive go- forward plans iv) Understanding cost and revenue and tie them to decision making v) Understanding opportunity costs associated with decision making vi) Positioning of supply chain to attain strategies fit to drive supply chain excellence.