A supply chain is a network of organisations that are involved in the different processes and activities that produce value in the form of services and products though upstream and downstream activities to the ultimate consumer. This Coventry Academy online training course will examine supply chain management as the integration of all business processes across the supply chain looking at strategic, tactical and organisational levels. This exciting online training course will enable delegates to return to their organisations and implement ideas to make significant cost savings in a number of different areas of their business.
What are the goals?
By attending this Coventry Academy online training course, delegates will be able to:
Understand the Process of Supply Chains Within Their Organisations
Determine the Best Strategy for Inventory Management
Identify Cost Savings Through Changes to Processes
Recognise Risk and the Methods to Reduce it
Understand the Principles of Finance and Cash Flow
Who is this training course for?
This Coventry Academy online training course is suitable for middle and senior managers who have responsibility for operational areas in the organisation, as well as consultants and professionals who support them. For example:
Operational Managers
Financial Managers
Risk Managers
Board Level Executives and Non-Executives
Course Outline
Day One: Understanding the Supply Chain
Supply Chain Definitions
Supply Chain Models and Types
Types of process frameworks
Defining performance gaps
Customers, competitive advantage and demand
The Global Supply Chain
Day Two: Unlocking your Cash: Inventory Management and Optimization
Types of inventory
Applying procurement strategies that maximize inventory turns
Speeding the cash-to-cash cycle time
The financial justification for change
Supplier relationship management: strategies, approaches and tools
Day Three: 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 incentivizes desired behaviours
Evaluating cost/service trade-offs
Day Four: Identifying Supply Chain Instabilities and Risks
Internal supply chain risks
PESTLE and external risks
Risk management principles
Evaluation and prioritisation of risks
Contingency and risk management planning
Day Five: Rethinking the Supply Chain and Improving your Results
Rationale and approach to performance management
Identifying, defining, and tracking your metrics
Incentives and continuous improvement
Re-engineering supply chains end to end to minimise risk
Organisation development
The certificate
Coventry Academy e-Certificate of Attendance will be provided to delegates who attend and complete the course