Advanced Supply Chain Management Courses - LONDON CORPORATE TRAINING

Tel: +44 203 609 8690



I would like to thank LCT for all the effort made in helping develop my skills. I really enjoyed the course. The content of the course proved very interesting and I learned a lot. More importantly, the training was very practical. I have been able to put a number of things I learned into practice. I wish to maintain a lasting professional relationship for the time to come.

Project Manager
LimeTree, UK

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Advanced Supply Chain Management

Course Ref: OP.3

Course Subject: Operations Management

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Dates for This Course

Who should attend?

  • This course is suitable for procurement; warehouse and supply chain practitioners, commercial management and inventory managers, who are looking to obtain leading edge inventory efficiencies and competitive edge for both themselves and their organisation.

Course objectives

  • To appreciate the impact of supply chain and inventory upon the profitability of the organisation
  • To effectively record, manage and measure inventory costs
  • To apply category management thinking
  • To understand and apply: MRP, JIT, Kaizen, Kanban strategies
  • To harness data to: manage and influence demand curves, plan effective resource utilization and reduce cost
  • To effectively optimise resource planning and overall efficiency
  • To establish effective inventory management controls
  • To implement and report on KPI performance
  • To appreciate the importance of audit trails and transparency
  • To apply risk management techniques to supply chain and inventory management
  • To take away specific action plans to further develop their role and organisational benefit

Course content

Role and importance of supply chain

  • Overview of supply chain functions within the organisation
  • Supply chain structures and reporting
  • The supply chain Compass – strategic assessment & improvement toolkit
  • Engaging with stakeholders

Procurement – the gateway to the supply chain

  • Defining the role and responsibilities of the procurement function
  • Spend area analysis – strategic v tactical
  • Whole life cost analysis
  • Defining organisational standards for optimum efficiency within the supply chain – including bar-coding, RFID, pack size
  • Supplier contract management – contracting with the supply chain in mind (full templates will be provided to enable delegates to measure and manage: contracts, service and quality levels, spend and volumetrics)
  • Global standards

The strategic warehouse

  • Defining the role and responsibilities of the warehouse function
  • Utilizing the supply chain compass within the warehouse
  • Space allocation and product driven category management strategies
  • Inventory management strategies – including optimum stock levels, obsolete/slow moving stock
  • Effective forecasting and planning

Strategic Logistics

  • Defining the role and responsibilities of the logistics function
  • Utilizing the supply chain compass within logistics
  • Establishing optimized logistics – journey planning, use of technology
  • Hub strategies
  • Multi modal logistics – opportunities and challenges within shipping, road, air, rail
  • Environmental management and contribution opportunities

Bringing it all together

  • Full day of practical exercises – delegates will create and test a cohesive supply chain strategy optimized for maximum operational and cost efficiency plus safety and environmental compliance
  • Action planning – delegates will create individual action plans based around both their area of responsibility and the overall goals of the organisation

Inventory classification and audit

  • Effectively classifying inventory – strategic v tactical, rotation speed
  • Aligning inventory classifications with organisational and stakeholder needs
  • Ensuring accurate records of inventory
  • The Inventory management roadmap – full end to end process map
  • Establishing effective audit trails and processes

Effective forecasting and peak demand planning

  • Effectively forecasting demand – utilizing supply chain data mining and category management approaches
  • Peak demand planning – seasonalisation, moving average, exponential smoothing
  • Influencing and controlling demand to maximize operational and financial resource efficiency
  • Establishing process controls – including: min max, minimum order quantity, safety/buffer stock control
  • Effective value judgement – cost benefit analysis of volume discount v internal cost/operational impact

Inventory cost reduction techniques

  • Establishing strategic inventory cost reduction – step targeting + continuous improvement
  • Implementing leading edge strategies – MRP, JIT, Kaizen, and Kanban
  • Obsolete & surplus stock management – establishing data driven business cases
  • Establishing key cost reduction enablers within the supply chain – pack sizing, identification criteria, process cost reduction
  • Effectively managing inventory risk

Performance management

  • Establishing key performance metrics – Operational, Financial, Compliance, and Environmental
  • Effective KPI reporting
  • Engaging staff colleagues in progress reporting – including cascading, visuals, team motivation
  • The effective inventory specialist
  • Delegate action planning – participants will create specific departmental and individual action plans to implement the learning outcomes from the course

ILM This course is accredited by the Institute of Supply Chain Management (IOSCM)