Introduction
This highly participative Strategic Supply Chain Management training course will help you understand the components of the supply chain and how they operate together in order to derive the maximum benefit for the organization.
Supply Chain activities cover everything from product development, sourcing, production, and logistics, as well as the information systems required to coordinate these activities. Organizations involved in running supply chains have to develop and run supply chains in the most effective ways possible.
The Strategic Supply Chain Management training course will explore key concepts and solutions that can be employed to optimize the balance between supply chain responsiveness and the costs required to deliver desired business results.
By applying these key concepts to the tasks and challenges you face in your work, you will begin to experience breakthroughs you never thought possible.
Goals
Participants will learn:
- Understand the role of the supply chain in the organization.
- Appreciate where production fits in with the requirements of the customer.
- Develop purchasing management skills.
- Appreciate the importance of product management.
- Understand the importance of inventory management.
TRAINING OBJECTIVES
- To define and understand the concept of a Supply Chain.
- To understand the role of inventory in the Supply Chain.
- Critically determine the optimal amount of inventory required.
- Implement creative ways of reducing working capital.
- Understand the key concepts of inventory control.
- Understand and implement essential tools for managing transport and inventory in the wider supply chain.
Training Methodology
Participants will learn on this STC’s Strategic Supply Chain Management training course by active participation throughout the training course, through the use of a comprehensive training course materials, exercises, questionnaires, training videos and discussion of “real life” issues in their organizations.
TRAINING SUMMARY
The Strategic Supply Chain Management training course covers essential skills that are necessary to plan, execute and control the Supply Chain, Procurement, and Inventory within it. This training course begins with the concept of a Supply Chain and will discuss all the aspects relating to Supply Chain Production, Procurement, Logistics, and Inventory Management.
Target Groups
- Professionals responsible for operations and strategy.
- Professionals involved in supply chain decisions.
- People responsible for the planning, execution, and control of a strategic supply chain at both logistics and inventory levels.
- Stakeholders in the supply chain who have an interest in production and inventory management.
Program Content
Day 1 - The Function of Supply Chains
- The concept of Supply Chain.
- Understand the process of the Supply and Demand Chain.
- How organization supply and demand chains work.
- Understanding the needs of the customer and the supplier.
- Defining finance and cash flow.
Day 2 - Supply Chain and Demand Chain Optimization
- Setting up the infrastructure.
- Suppliers and Manufacturers.
- Warehouses.
- Transportation and cost.
- Customers.
- Advance Planning and Optimization.
- Inventory decisions in Supply Chain.
- Forrester effect and Inventory management model.
Day 3 - Developing the Strategic Procurement Decisions
- Procurement as part of the Supply Chain.
- An Overview of the Procurement Process.
- Developing the Strategic Procurement Plan.
- Make / Buy Decision.
- Vertical Integration.
- EOQ, ROP and Max & Min.
- Inter-company Trade.
- Supplier Strategy.
- The Coordination Strategy.
Day 4 - Inventory Decisions in Supply Chain
- Effect of lead time on the forecasting process.
- Utilizing consignment inventory.
- Methods of reducing stock levels.
- Moving to supplier managed inventory.
- Lessons from the Japanese-just in time inventory and Kaizen.
- Reducing excess and obsolete inventory.
- Measuring inventory management performance.
- Making plans for improvement.
Day 5 - Linking the Supply Chain Processes
- Procurement.
- Operations.
- Warehousing & Distribution.
- Transportation.
- Return / recycling.
