Struggling with your procurement cost from China?

 

Unsure if you are buying from the most cost effective suppliers ?

 

Worried that you might be paying more than you should?

This specially developed 2 month programme is the first of its kind in Malaysia and was developed to assist SMEs and manufacturers to source from the right suppliers with the most cost effective pricing for their business

It will cover areas to help the participants to understand how to make the right decisions to reduce cost, develop the right procurement best practices as well as learn how to source and communicate with the right suppliers from China. 

This programme not only includes templates and tools which are helpful but also to teach participants the tips and tricks of sourcing from China suppliers

This program includes assistance to source for 3 best suppliers which will save at least 7% of their current price and will teach and train participants on the techniques and communication skills that we use.

We are confident that we will be able to procure the above cost savings failing which we will provide a money back guarantee

Be the first one

LEARNFROMTHEEXPERT

INTERNATIONAL PROCUREMENT STRATEGIES FOR SMEs

RM9800
RM12800
2 Full day workshop
2 Post training review sessions
RFQ from 3 best China suppliers for selected SKU
Templates & toolkits
1 month online support and hands on
Access to discussion forms, knowledge base
*Workshops and Post Training are HRDF Claimable

Course Outline

  • Value Chain of Organisations
  • Understanding price optimization techniques
  • Effective decision making for cost optimization
  • Problem Identification for Sourcing
  • Pricing Matrix for Sourcing
  • Sourcing Best Practices For China
  • Relationship between Your Customer and Your Sourcing Strategy
  • Pricing Your Product to Suit Your Customer
  • Competitive Pricing Methodology
  • Specification Analysis for Sourcing
  • Influence of Commodity Pricing on Costing
  • Communication Techniques with China Suppliers

WHAT YOU WILL GET

4 day face to face workshop to learn about the theories and secret of sourcing from China (HRDF Claimable)

RFQ from 3 best China suppliers for selected SKU

Templates and toolkits to help manage your sourcing activities

Access to online support, knowledge base, online discussions with our procurement experts from China and Malaysia, Networking Events and Quarterly Industry Trend Reports to guide you in applying what you learnt in the workshop

I import my products from China by using door to door service. Sometimes a container can cost up to RM15,000. However, ever since I got the advice from Mindstorm through their courses, I started to understand how to use the duty-free allowance, so that my products are exempted from 10-15% import duty. I let the manufacturer declared the FOB Port Klang rate, the Malaysia customs clearance, inclusive of SST cost me around RM3,000 only. I save RM7,000 from 1 container, which is 47%. Based on 1 month 2 containers calculations, 1 year I managed to save more than RM168,000 on my logistics costs.

ET

Director, Steamboat Restaurant
I am in the Plastic Injection Manufacturing, a sunset business and because the cost of plastic that I purchase from China is often very high, my mold is not competitive causing a lot of my customers to leave before I can achieve ROI. After getting to know Vickie, she guided me on how to place orders (mold) from China. The initial cost of the mold is around RM40,000-50,000, but I got it at around RM10,000. She taught me how to communicate with suppliers in China. With their cooperation, I have placed a few orders with the China suppliers for several molds. My products have gained the competitive advantage after reducing the costs of my molds. I managed to achieve my ROI within 2 months, and maintain good cash flow in my business. With the effective communication with China suppliers, they also taught me how to maintain the lifespan of the mold thereby increasing the competitiveness of my business

Jimmy

Purchasing Manager, Plastic Injection Manufacturer, Shah Alam
I typically purchase about RM1,000,000 worth of consumable product supplies from suppliers in China. At first, I do not know what benefit I will get by comparing pricing from different suppliers. However, after Vickie introduced me to some techniques and explained to me influences of cost structure and what simple changes I could make, I now save up to 10% - 20% of my purchase cost amounting to about RM 100,000 to RM 120,000 per year. Sourcing around for the best price help me get to know more suppliers, and I can select the most suitable consumable products.

Bobo

Assistant Manager, Furniture Manufacturer, Shah Alam

TRAINER'S PROFILE

Dr Tom Tan has over 33 years of working experience in consulting, entrepreneurship, technology, academic and training and has led teams in organizational transformation as a result of digitization of organisations and has worked in Malaysia, Thailand and China. His experiences has led him to be selected as a business coach for the Yayasan Innovasi Malaysia (YIM) as well as the United Nations Capital Development Fund. He is a Chartered Member of the Chartered Institute of Logistics and Transport and is also an Adjunct Professor with Asia Pacific University as well as Certified in Case Study Teaching from Harvard Business School.

GUEST SPEAKERS

Vickie Teh has over 20 years of experience in supply chain management and procurement locally and abroad with expertise in the fmcg, furniture, metal, textile, plastic, automotive and palm oil industry. Over the years, she has developed a unique methodology which has successfully helped companies she worked with to save hundreds of thousands of dollars yearly in procurement and supply chain cost. Her record has been a cost reduction of above RM 2 million in purchase cost within 4 months for a public listed company.

Lu Wei has more than 15 years of experience in production and is an Alibaba accreditated seller for Nonwoven machineries. He has experience in both domestic and international sales in all kinds of needle-punched nonwovens, such as automotive interiors, garment accessories, scouring pads, and velvet carpets. as well as electronic and electrical products, such as mechanical equipment automation control system, software programming, PLC-HMI operating system, PCB board customization, and other strong power weak electricity projects. He is also a specialist in special fiber products, such as Kevlar fiber armor clothing materials, fire insulation materials, high silica glass fiber materials (new energy vehicle battery insulation materials) and carbon fiber aerospace materials

FEES AND LOCATION OF CLASS

LOCATION     Level 3, Vertical Corporate Tower B,
Avenue 10, The Vertical, No. 8, Jalan Kerinchi,
Bangsar South, Kg. Kerinchi, 59200 Kuala Lumpur.

DATE     Wed&Thurs, Oct 23-24 , 2019

PRICE     RM9,800 per student

FREE COACHING

Get a 15 minutes free coaching by answering the following questions
MEETING YOUR BUSINESS NEEDS