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An intensive professional development training course on

Supply Chain: Concept, Solution & Application

The Course

Supply chain professionals continue to be pressured to deliver superior operational results while at the same time reducing costs. However, reducing supply chain costs is an effort that can be fraught with risk. Sometimes an innovative cost-saving strategy that sounds good on paper can have a disastrous impact when applied in reality - such initiatives sometimes ending up increasing costs rather than reducing them. Forward-looking managers today seek to strike the right balance between supply chain responsiveness and the costs required to deliver desired business results. This course will explore key concepts and solutions that can be employed to optimize this balance. When properly executed and applied in practice, these concepts can simultaneously improve both customer satisfaction and corporate profitability. This course will deliver actual cost-saving strategies that participants can take back to their firms to drive real supply chain improvement.

Highlights of the course include:

  • How to benchmark your supply chain capabilities against the world’s best firms
  • Managing and optimizing your inventory to deliver financial results
  • Unlocking new business value by effectively managing your supply base, including outsourced providers
  • Managing information to deliver supply chain excellence
  • Building a performance management program to define, measure, and improve your results

 

The Goals

By the end of this course, participants will be able to:

  • Analyze the effectives of your firm’s supply chain practices
  • Identify areas offering the greatest opportunity for improvement
  • Develop a process improvement roadmap
  • Create an inventory strategy that speeds cash flow
  • Evaluate and work with suppliers to deliver tangible business results

 

The Delegates

Delegates could be:

  • Supply chain professionals
  • Warehousing professionals
  • Logistics and transportation professionals
  • Sourcing, procurement, and supplier management professionals
  • Production and manufacturing professionals
  • All of those who need an understanding of supply chain concepts that can deliver lasting value for your business

 

The Process

Training will involve discussion and lectures leveraging years of hands-on supply chain and experience across industries. The trainer will use real-world challenges and solutions, exercises and case studies and an extensive course manual.

 

The Benefits

Those attending will be able to show and demonstrate the benefits of this course by:

  • Demonstrating the financial results of implementing innovative supply chain concepts
  • Establishing senior executive buy-in for new initiatives
  • Launching a supply chain benchmarking effort
  • Bridging the gap between the supply chain and internal IT organizations
  • Advancing their careers

 

The Results

Also, as a result of attending this course, participants will be able to:

  • Drive positive change in their firm’s supply chain through the application of cross-industry best practices in inventory management, outsourcing, and other disciplines
  • Rationalize and segment the supply base, while implementing strategies to manage and incentivize suppliers
  • Understand their firm’s IT environment and that of their suppliers
  • Craft and provide operational justification for new technology and supplier integration initiatives to create a faster, more responsive supply chain

 

The Course Content

Day One

Copy the best: supply chain benchmarking

  • Quantitative vs. qualitative benchmarking
  • Types of process frameworks
  • Benchmarking against process standards
  • Establishing a cross-functional benchmarking team
  • Defining performance gaps
  • Prioritization and developing a performance roadmap
  • Building the business case for change

 

Day Two

Unlocking your cash: inventory management and optimization

  • Types of inventory
  • Analyzing and segmenting your inventory: a three-dimensional approach
  • Applying procurement strategies that maximize inventory turns
  • Speeding the cash-to-cash cycle time
  • The financial justification for change

Managing the supply base to unlock new business value

  • Supplier relationship management: strategies, approaches, and tools
  • Segmenting and rationalizing the supply base
  • Supplier collaboration and your company's culture
  • A different approach to cost-cutting
  • Product development and operations: profiting from your suppliers' technical expertise

 

Day Three

Managing information to deliver supply chain excellence

  • The importance of ERP systems
  • Understanding your company’s IT infrastructure and capabilities
  • Approaches to internal systems integration
  • IT integration with all your suppliers?
  • Normalizing, digitizing, and automating, and accelerating the demand signal

 

Day Four

A new paradigm for outsourcing

  • Is your relationship transactional or outcome-based?
  • Defining desired outcomes that are measurable
  • Developing an effective outsourcing contract
  • Designing a pricing model that incentivizes desired behaviors
  • Evaluating cost/service trade-offs
  • Creating a governance structure that works

 

Day Five

Performance Management: defining, measuring, and improving your results

  • Rationale and approach to performance management
  • Identifying, defining, and tracking your metrics
  • Aligning your metrics with corporate goals: creating a cascading metrics program
  • Incentives and continuous improvement

 

The Certificate

  • AZTech Certificate of Completion for delegates who attend and complete the course

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© 2022. Material published by Aztech shown here is copyrighted.

All rights reserved. Any unauthorized copying, distribution, use, dissemination, downloading, storing (in any medium), transmission, reproduction or reliance in whole or any part of this course outline is prohibited and will constitute an infringement of copyright.


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