Measuring Logistics Performance and Financial Outcomes

Introduction:

This coursework on Measuring Logistics Performance and Financial Outcomes provides participants with essential tools for optimizing logistics operations and enhancing financial performance within their organizations. 

Participants will learn to manage logistics activities while effectively tracking financial performance metrics. This training focuses on practical aspects and case studies, allowing learners to evaluate organizational performance, identify issues in performance indicators, and address financial oversights. By mastering these elements, professionals will be better equipped to handle logistics management complexities and meet their organizations’ financial expectations.

Objectives:

By the end of this Measuring Logistics Performance and Financial Outcomes course, participants will be able to:

• Understand key performance indicators (KPIs) and financial metrics relevant to logistics management.
• Analyze and visualize data to identify opportunities for process improvements and cost reductions in logistics.
• Develop strategies for optimizing transportation, warehousing, inventory management, and distribution systems.
• Assess how logistics decisions impact financial outcomes and profitability.
• Gain practical skills in budgeting, forecasting, and financial modeling for logistics operations.
• Apply best practices and insights from case studies to real-world logistics scenarios.

Training Methodology:

• Case Studies
• Simulations
• Workshops
• Group Discussions

Course Outline:

Unit 1: Introduction to Logistics Performance Measurement:

• Definition of logistics performance measurement and its role in supply chain management.
• Critical success factors for evaluating transportation, warehousing, and inventory performance.
• Financial performance measurement concepts related to logistics.

Unit 2: Transportation Management and Financial Optimization:

• Selection, planning, and management of transportation modes, routes, and carriers to minimize costs and improve service.
• Financial aspects of transportation, including per-mile, per-unit, and total cost of ownership evaluations.
• Case studies and simulations on cost optimization in transportation.

Unit 3: Warehouse Management and Cost Control:

• Principles of storage system design and order processing to reduce costs and improve efficiency.
• Analysis of fixed and variable costs in warehouse management, including labor, space, equipment, and inventory carrying costs.
• Practical cost analysis and reduction strategies in warehouse operations.

Unit 4: Inventory Control and Financial Administration:

• Techniques for managing inventory to minimize stockouts and prevent overstocking.
• Financial planning tools and inventory management techniques, including economic order quantity, safety stock, and reorder point.
• Case studies and group discussions on financial management for inventory cost and planning.

Unit 5: Distribution Network Optimization and Financial Modeling:

• Approaches to designing and optimizing distribution networks, including configuration, site selection, and path optimization.
• Assessment of the financial impact of distribution system changes, using net present value and return on investment methods.
• Group projects focused on financial modeling and distribution network optimization.