Supply chain professionals continue to be pressured to deliver superior operational results while at the same time reducing costs. This course will explore key concepts and solutions that can be employed to strike the right balance between supply chain responsiveness and the costs required to deliver desired business results. This course will deliver actual cost-saving strategies that the candidates can take back to their firms to drive real supply chain improvement.

Global trade has brought about proportionally high levels of risk and uncertainty. In turn, this uncertainty creates a risk spiral that is accompanied by increased cost and reduced levels of service. Smart organizations must therefore find ways to manage risk, uncertainty and variability and at the same time, look to reduce cost and improve service

By the end of this course delegates will be able to:

· 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

· Managing information to deliver supply chain excellence

· Define, measure, and improve your results

· Identify, analyze and evaluate supply chain risk

· Understand the keys aspects in reducing risk

· Use risk management tools and techniques

· Apply a thorough understanding of supply chain activities

· Analyze the effectives of your firm’s supply chain practices

· Describe the keys aspects in reducing risk

Procurement, buyers and purchasing professionals, supply chain professionals, production and manufacturing professionals, logistics, warehouse and distribution professionals, anyone who needs an understanding of the relationships between risk, cost and service in supply chains

Introduction: Supply Chain Benchmarking

· 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

Unlocking Your Cash: Inventory Management and Optimization

· Types of inventory

· Analysing and segmenting your inventory

· Applying procurement strategies that maximize inventory turns

· Speeding the cash-to-cash cycle time

· The financial justification for change

Managing the Supply Base to Unlock New Business Value

· 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

 Managing Information to Deliver Supply Chain Excellence

· 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

A New Paradigm for Outsourcing

· Is your relationship transactional or outcome-based?

· Defining desired outcomes that are measurable

· Developing an effective outsourcing contract

· Designing a pricing model that motivates desired behaviours

· Evaluating cost/service trade-offs

· Creating a governance structure that works

Performance Management: Defining, Measuring & Improving Your Results

· Rationale and approach to performance management

· Identifying, defining and tracking your metrics

· Aligning your metrics with corporate goals

· Incentives and continuous improvement

Understanding the Supply Chain

· Supply Chain Definitions

· The Supply Chain Rules

· Customers, competitive advantage and demand

· Supply Chain Models and Types

· The Global Supply Chain

· Incoterms and reducing Risk

· Recognizing Risks in the Supply Chain

Identifying Supply Chain Instabilities and Risks

· Internal supply chain risks

· PESTLE risks

· Inventory risks

· Financial risks

· Disruption risks

· Security risks

· Mismanaged relationship risks

· Procurement risks

· Logistics risks

· Learning from the 2008 economic crisis

Understanding the Risk Spiral

· Consequences, Outcomes

· Analysing the key drivers of risk

· Reducing Supply Chain Risk

· Improving visibility

· Reducing variability

· Maintaining velocity

· Restoring confidence

· Enabling agility and synchronicity in supply chain

· Applying Supplier Relationship Management

Using Risk Management Tools and Techniques

· Risk mitigation options

· Risk mitigation matrix

· Risk management principles

· RAG assessment, Supply chain resilience

· The role of Procurement and Supply Chain strategy

· Evaluation and prioritization of risks

· The risk management matrix

· Developing a risk management culture

· Contingency and risk management planning

Rethinking the Supply Chain

· Supply chain futures and predictions

· Agility

· Network design

· China supply chain effects

· Going Green

· Professional leaders/manager development

· Reengineering supply chains end to end to minimize risk

· Organization development

· Models for change

COURSE LOCATIONS