Advanced Supply Chain Management

Course schedule

Classroom Training:
DateVenueDurationPrice
16 - 27 Sep 2024London10 days£7,250

Please note: prices shown above are exclusive of VAT (20%).

Course Overview

Elevate your understanding of supply chain processes with this course, focusing on advanced strategies for procurement, logistics, and operations management. Learn to optimize the supply chain for maximum efficiency and competitive advantage.

Who Should Attend

  • Warehouse and supply chain management practitioners
  • Procurement and Purchasing professionals
  • Transport Managers
  • Professionals in Logistics Functions
  • Warehouse and distribution managers and supervisors
  • Material handling supervisors
  • This course is also suitable for commercial management, who are looking to obtain leading edge supply chain efficiencies and competitive edge for themselves and their organization and those who need to develop their understanding about Supply Chain Management

Course Outcomes

  • Assess the impact of supply chain and inventory upon the profitability of the organisation
  • Record, manage and measure inventory costs
  • Describe and apply: MRP, JIT, Kaizen, Kanban strategies
  • Reduce costs of inventory waste and obsolescence
  • Optimise resource planning and overall efficiency
  • Establish effective inventory management controls
  • Implement and report on KPI performance
  • Ensure the presence audit trails and apply transparency principles
  • Apply risk management techniques to supply chain and inventory management

Course Topics

Understanding the Supply Chain

  • Overview of supply chain functions within the organisation
  • Supply chain management definitions
  • The golden rules of supply chain management
  • Supply chain models and types
  • The global supply chain and integration

Role and importance of the Integrated Supply Chain

  • Fundamentals of Procurement
  • Fundamentals of Logistics
  • Fundamentals of Warehouse Management
  • Fundamentals of Transportation
  • Logistics and Supply Chain Strategy

Supplier Relationship Management (SRM)

  • Introduction to the principles of SRM
  • The importance of the buyer/supplier relationship
  • Developing the SRM strategy
  • Collaboration and joint working
  • Motivating suppliers and continuous improvement

Goals and objectives of Supplier Management

  • Key roles and responsibilities
  • Identify and agree deliverables from suppliers
  • Aligning the goals with the procurement strategy
  • Involving the relevant stakeholders
  • Identifying risks and their impact/probability

The Strategic Warehouse

  • Defining the role and responsibilities of the warehouse function
  • Utilizing the supply chain compass within the warehouse
  • Space allocation and product driven category management strategies
  • Inventory management strategies – including optimum stock levels obsolete/slow moving stock
  • Effective forecasting and planning

Strategic Management of Inventory and all types of Stock

  • Inventory classification and audits – ABC analysis or the 80/20 rule
  • Implementing leading edge strategies – MRP JIT Kaizen and Kanban
  • Effective forecasting and peak demand planning
  • Inventory cost reduction techniques
  • Effectively managing inventory risk

Logistics and Supply Chain Strategy

  • The processes and activity mix – costs customer expectations and strategy
  • Logistics planning levels and making tactical decisions
  • Logistics and customer relations – defining the optimum service level
  • Logistics concerns about service variability and constraints
  • Logistics information and management information systems

Supply Chain Risk Management

  • Understanding the various risks in the supply chain
  • Identifying supply chain instabilities and risks
  • How to reduce supply chain risks
  • Using risk management tools and techniques
  • Supply chain resilience

Supplier Management

  • Transforming the supplier relationship
  • Supplier evaluation criteria
  • Appropriate supplier methodologies
  • Total Cost Approach
  • Shrinking the supplier base

LCT’s Advanced Supply Chain Management Training

LCT’s Advanced Treasury Management course is designed to provide corporate professionals with the tools and knowledge needed to optimise their inventory management strategies and drive profitability.

Your staff will learn how to assess the impact of the supply chain on your organisation’s profitability, apply risk management techniques to supply chain and inventory management and measure success based on their KPIs. These advanced supply chain management skills will empower your staff with the knowledge and skills needed to meet and exceed your organisation’s goals.

We offer a wide range of operations management courses to support all business operations staff in your organisation. Our in-depth supply chain management programme is designed to level up the knowledge and expertise to ensure professionals use best practices within their roles.

Each module within this training course is delivered by industry experts with a wealth of experience in supply chain management. Our Advanced Supply Chain Management training is delivered via a mixture of online study and in-house training in London to ensure students have a deep understanding on completion of their training course.

What do people say about LCT’s corporate training courses?

“The course ran smoothly. The staff were very helpful. Everything was set according to the objectives. The LCT support team is excellent, hardworking and punctual.”

Commandant Assistant

Royal Air Force of Oman

LCT’s Advanced Supply Chain Management Training

LCT’s Advanced Treasury Management course is designed to provide corporate professionals with the tools and knowledge needed to optimise their inventory management strategies and drive profitability.

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