An intensive professional development training course on
Supply Chain: Concept, Solution & Application
Why Choose Supply Chain: Concept, Solution & Application Training Course?
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
- 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
- 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
- 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
- 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
- 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
- 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
Certificate and Accreditation
- AZTech Certificate of Completion for delegates who attend and complete the course
Do you want to learn more about this course?
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Frequently Asked Questions
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- Online: Explore our training calendar, choose the course that suits your needs, and click the “Register Now” button on the course details page.
- Email: Share your details, including your name, organization, email address, and selected course, by sending an email to info@aztechtraining.com
- Phone: Reach out to us directly at +971 4 427 5400 or +971 4 427 5407, and our team will guide you through the registration process.
Once your registration is successfully completed, you will receive a confirmation email within 24 hours. This email will contain your registration details, invoice, and the necessary joining instructions for the course.
Our training programs are hosted at luxurious five-star hotels in prestigious destinations across the globe. Some of our popular locations include Dubai, London, Kuala Lumpur, Amsterdam, New York, Paris, Vienna, and many other iconic cities.
Yes, we offer tailored corporate training solutions to meet your organization's specific needs. Please contact us at info@aztechtraining.com or call +971 4 427 5400 for more information.
