Supply Chain Management

Objective

It has been said that nowadays it is supply chains that compete, rather than individual companies. So what is a supply chain? How do all the elements of the chain link together? A chain is only as strong as its weakest link. What are the objectives of this chain of events and processes? How is the supply chain view different from the traditional view? The course will aim to address these issues and more.

Learning Outcomes

• Understanding of what a supply chain is
• The context of the supply chain
• Awareness of the issues that must be addressed for the supply chain to work effectively and efficiently
• Appreciation of the concept of value, and its importance
• Knowledge of the elements of the supply chain and how they fit together
• An appreciation of the layers of planning and control
• Understanding the philosophy, the words, that make the supply chain work
• To be aware of some of the best practices in supply chain management

Content

• Introductions, Demand, Supply, Inventory, Order Book, Lead Times
• A supply chain simulation game – lessons learnt
• The concepts of value, velocity, non value added, waste
• Objectives of Supply Chain Management
• Planning for a successful supply chain
• Levels of planning – finance, families, finished products, materials
• Executing the Plans
• Purchasing, Shop Floor Control, Costing, Finance
• Measuring performance, closing the loop
• What it is that will make the supply chain work to achieve objectives
• Comparisons between the traditional view and the supply chain view
• Best practice in the supply chain
• Conclusions, plans for action, course evaluation

Duration

Typically 1 to 3 days, depending upon required outcomes

Participants

People with a role in the supply chain

Prerequisites

A general understanding of the workings of the company