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Advanced Supply Chain Management

By: London Corporate Training

United Kingdom

12 - 23 Nov, 2012  12 days

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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 – seasonalization, 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

London, UK Nov 12 - 23 Nov, 2012
£3,700.00 + VAT (20%)
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