Summary
Supply chain professionals are continuously confronted with the challenge of improving service levels and simultaneously reducing costs to produce desired business outcomes. Cost reduction efforts incur risk which are only magnified in global supply chains.
This course provides you with strategies to avoid, mitigate, or divert these risks to ensure that your organisation continues to excel. You will explore essential concepts and methods to optimise the balance between overseeing highly responsive supply chains and managing costs. The course focuses on tangible approaches to optimising inventory and supplier management, identifying risk, and rethinking your entire approach to supply chain.
- Examine and analyse your organisation’s supply chain practices.
- Use inventory management strategies to optimise working capital availability and profits.
- Assess suppliers and build relationships that provide substantial business results.
- Identify your supply chain risks and employ risk management tools and techniques.
- Outline steps to improve costs and service within your supply chain.
- Supply Chain Professionals
- Sourcing, Procurement, and Supplier Management Professionals
- Production and Manufacturing Professionals
- Anyone looking to understand best practices in supply chain
This course uses a variety of adult learning styles to aid full understanding and comprehension.
Participants will review case studies to highlight key areas of importance and possible areas for faults.
They will be supplied with the best tools required to carry out learning exercises to improve their skills. Participants will analyse the examples to gain a thorough understanding of how these skills, techniques and methods apply in the workplace.
Course Content & Outline
- Define standard supply chain terms.
- Describe the types of supply chain models and process frameworks.
- Examine performance gap analysis.
- Explore the role of competitive advantages, demand, and customers on supply chains.
- Discuss Global Supply Chains and their challenges.
- List the types of inventory.
- Examine how to maximise inventory turns using procurement strategies.
- Accelerate the cash conversion cycle (CCC).
- Outline strategies, paths, and tools to effectively manage supplier relationships.
- Explain a compelling reasoning for change.
- Identify if supplier relationships are transactional or outcome-based.
- Define the measurable required outcomes.
- Develop practical outsourcing contracts.
- Plan a pricing model that fosters desired behaviours.
- Evaluate the trade-offs between cost and service.
- Recognize internal supply chain risks.
- Use PESTLE analysis to analyse and monitor external risks.
- Describe the principles of risk management.
- Evaluate and prioritise risks.
- Compare contingency planning and risk management planning
- Outline the reasonings and approaches to performance management.
- Identify, describe, and monitor your KPIs.
- List the benefits of incentivization and continual improvement.
- Reimagine and reengineer your supply chain to reduce risk.
- Examine the impact of organisational development on supply chains.
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Holistique Training draws distinction as one of the pioneers in the field of training and professional development solutions since 2008.