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Advanced Supply Chain Management

Course Information:

Venue:Duration:Date:Price:
Online 20 hours Flexi-date£2,500.00
In-House Agreed with client FlexiblePOA
London 10 days 17-Jan£5,900.00
London 10 days 16-May£5,900.00
London 10 days 19-Sept£5,900.00

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    LCT 2022 Brochure
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    Who should attend?

    • Warehouse and supply chain management practitioners
    • Procurement and Purchasing professionals
    • Transport Managers
    • Professionals in Logistics Functions
    • Warehouse and distribution managers and supervisors
    • Material handling supervisors
    • This course is also suitable for commercial management, who are looking to obtain leading edge supply chain efficiencies and competitive edge for themselves and their organization and those who need to develop their understanding about Supply Chain Management

    Accreditations

    Outcomes

    • Assess the impact of supply chain and inventory upon the profitability of the organisation
    • Record, manage and measure inventory costs
    • Describe and apply: MRP, JIT, Kaizen, Kanban strategies
    • Reduce costs of inventory waste and obsolescence
    • Optimise resource planning and overall efficiency
    • Establish effective inventory management controls
    • Implement and report on KPI performance
    • Ensure the presence audit trails and apply transparency principles
    • Apply risk management techniques to supply chain and inventory management

    COURSE TOPICS:

    Understanding the Supply Chain

    • Overview of supply chain functions within the organisation
    • Supply chain management definitions
    • The golden rules of supply chain management
    • Supply chain models and types
    • The global supply chain and integration

    Role and importance of the Integrated Supply Chain

    • Fundamentals of Procurement
    • Fundamentals of Logistics
    • Fundamentals of Warehouse Management
    • Fundamentals of Transportation
    • Logistics and Supply Chain Strategy

    Supplier Relationship Management (SRM)

    • Introduction to the principles of SRM
    • The importance of the buyer/supplier relationship
    • Developing the SRM strategy
    • Collaboration and joint working
    • Motivating suppliers and continuous improvement

    Goals and objectives of Supplier Management

    • Key roles and responsibilities
    • Identify and agree deliverables from suppliers
    • Aligning the goals with the procurement strategy
    • Involving the relevant stakeholders
    • Identifying risks and their impact/probability

    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 Management of Inventory and all types of Stock

    • Inventory classification and audits – ABC analysis or the 80/20 rule
    • Implementing leading edge strategies – MRP, JIT, Kaizen, and Kanban
    • Effective forecasting and peak demand planning
    • Inventory cost reduction techniques
    • Effectively managing inventory risk

    Logistics and Supply Chain Strategy

    • The processes and activity mix – costs, customer expectations and strategy
    • Logistics planning levels and making tactical decisions
    • Logistics and customer relations – defining the optimum service level
    • Logistics concerns about service variability and constraints
    • Logistics information and management information systems

    Supply Chain Risk Management

    • Understanding the various risks in the supply chain
    • Identifying supply chain instabilities and risks
    • How to reduce supply chain risks
    • Using risk management tools and techniques
    • Supply chain resilience

    Supplier Management

    • Transforming the supplier relationship
    • Supplier evaluation criteria
    • Appropriate supplier methodologies
    • Total Cost Approach
    • Shrinking the supplier base

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