Supply Chain Management: Principles, Solutions, and Applications

Introduction:

The purpose of the course is to study the concepts of supply chain management and its issues. It reviews these key issues as theory, practice, and applications to enhance understanding and efficacy of both sellers and buyers.

Supply chain management systems are at the heart of competition, and this seminar provides a comprehensive presentation of portions that deal with logistics and demand in a supply chain. The goal is to provide further clarification of critical concepts of a supply chain and their relationship with the general business strategy.

The program combines backend elements such as supply chain analytics, sources of finance, and supply chain modules into one curriculum, broadening the scope of effective learning for participants.

Objectives

By the end of this Supply Chain Management: Principles, Solutions, and Applications course, participants will:

• Comprehend the fundamentals of supply chain management.
• Know the time and cost concerns.
• Understand processes that add value in a customer-oriented way.
• Collaborate productively with all supply chain partners.
• Think innovatively.
• Apply the 8 Rules of Success.
• Manage lead times for the flow of goods and materials.
• Balance cost with quality of service.
• Implement learned skills and best practices for improvement.
• Enhance supply chain planning solutions.
• Apply the 8 Rules to improve supply chain management in real situations.

Training Methodology

• Working Project
• Discussions and Debates
• Activity-Based Learning
• Psychodrama
• Task Forces
• Making Exercises
• Selected Speakers
• Role Playing

Course Outline

Unit 1: Fundamental Supply Chain Concepts

• Function of logistics and supply chain management, including their definitions.
• Processes of buying, making, moving, and selling activities.
• Development and historical perspective of supply chain management.
• Processes and structures within the supply chain.
• Supply Chain Operations Reference Model (SCOR).
• The Theory of Constraints (TOC).

Unit 2: Key Aspects and Rules of Supply Chain Management

• Balancing costs and services.
• Principles of service to the customer.
• Organizational frameworks and their consequences for supply chains.
• The theory of managing stock quantities.
• Investigation of lead times and their implications.
• Profit addition and production options.
• Trade-offs towards value addition.

Unit 3: Acceptance of Supply Chain Systems

• Nature of conflicts between departmental functions.
• Advantages of departmental collaboration.
• Procurement costs from a supply chain perspective.
• Achieving a competitive edge through efficient supply chain management.
• Demand amplification and the ‘Forester’ effect.
• Managing uncertainty impacts.
• Current practices in supply chain management compared to better options.

Unit 4: The Interaction Between Strategy and Supply Chain Relations

• Influence of strategy on order levels and cost saving.
• Strategies for development and cooperation.
• Export and import transactions.
• Unifying supply chain relations.
• Product differentiation and related services.
• Appropriate business strategies for supply chain components.
• Introduction to supply chain planning.
• Strategies for competitive positioning.
• Outsourcing costs and postponement-consolidation logistics.
• Assessment of demand planning and methods like QR, VMI, CPFR.
• Lean supply chains.

Unit 5: Supply Chains and Analytical Applications: Enhancement and Integration

• Manufacturing and retail solutions.
• Key lessons and takeaways from practice.
• Analysis of UK Oil and Gas’ demography.
• Key questions to be solved.
• Required changes concerning suppliers, customers, and internal structure.
• Potential actions needed.
• Protection against high stock levels and competition.
• Dissolving traditional silo management.
• Steps to organize logistics and supplier development.
• Rules for successful supply chain management.