Dynamic Supply Chain and Logistics Management
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Dynamic Supply Chain and Logistics Management Course
Introduction:
This training course is designed for suppliers and buyers seeking a comprehensive understanding of supply chains from a logistics and demand perspective. It delves into the fundamental concepts of logistics and supply chain management, emphasizing key principles such as the value of time, the significance of customer movement, the importance of collaboration, and the need for innovative thinking.
The course also explores strategies for transforming current methods and practices to achieve tangible benefits. By attending this course, participants will gain valuable insights and knowledge to optimize their approach to supply chain management and drive positive outcomes for their organizations.
Course Objectives:
- Appreciate changes to business processes that are taking place
- Gain the financial benefits that effective supply chain management can bring
- Determine how time “secretly” builds up in supply chains and that time is cash
- Be able to understand, recall and apply improvements after the training for work-based application
Who Should Attend?
- Supply, Buying, Purchase, Logistics, Materials and Supply Chain Managers
- Those who need to develop their limited understanding of Logistics and Supply Chain Management
- Those who are looking for business gains and benefits from managing their supply chains more effectively
Course Outlines:
Understanding what Supply Chain and Logistics Management
- Definitions of logistics and Supply Chain management
- The interrelations and connections of Buying, Making, Moving, and Selling activities
- History and the development
- A view of the future.
Key Aspects of Supply Chain Management
- The cost/service balance
- Customer service principles
- Lead times throughout the supply chain
- Adding value
- Production options/changes
- Trade off opportunities
The Benefits of Adopting a Supply Chain Strategy
- Understanding the sub functional conflicts
- Benefits within and between functions taking a supply chain view of total acquisition costs
- Accepting that competitive advantage comes from the Supply Chain
Why a Supply Chain approach will change traditional ways
- Looking at demand amplifications, and the "Forester" effect,
- Appreciating the effects of uncertainty and unresponsiveness
- Seeing how we currently manage the supply chain
- Changing the way we manage the Supply Chain for effectiveness
Impacts on the Supplier/Customer relationships
- Practical effects on lot sizes/order quantities
- Reducing costs
- Sharing developments
- Eliminating internal and external barriers
- Interfacing versus integrating relationships.
Implementing a Logistics/Supply Chain Management Approach
- The changes needed with suppliers and customers.
- The changes need to internal organization and management practices
- Potential action needed
- The "doing nothing" future, with “lessons from experience”
- Guarding against futures of higher stock levels and competition gains
- Breaking down traditional silo/closed management