Risk Management in the Supply Chain

Eliminating functional silos is an imperative if organizations are to achieve the high levels of customer satisfaction and reduced cost demanded of the supply chain. Eliminating these silos requires creative integration of critical functions that react with both suppliers and customers. The good news is that technology is an “enabler” that is helping the functions involved in supply chain management respond to these new demands. This seminar is designed to provide the processes and tools for Purchasing, Logistics, and Inventory activities to integrate their methods with suppliers and leverage technology to meet the needs of the organization.

Course Objectives

Upon completion of this seminar, participants will know

• Concepts related to Supply Chain Management
• Technological tools to improve Inventory, Logistics, and Purchasing operations
• How to better integrate key elements of the supply chain
• Methods to reduce cost, inventory, and cycle time
• How to avoid common errors in reengineering
• Resources to increase their knowledge and skill sets

Who Should Attend?

Managers and professionals involved in purchasing, logistics, operations, and inventory activities that want to learn how better supply chain integration can bring significant improve to the organization’s performance.

Course Outline

Day 1

Supply Chain Integration
Integration = Supply Chain Management

• The Demand for Organizational Renewal
• Defining supply chain management

Integration Framework

• Benefits and Barriers
• Stages of integration

Where to Start the Integration Process

• Get rid of the “Cs”
• Aggregating the spend
• Developing the spend profile
• Defining Commodity/Service Groupings

Integration Requires Alliances

• Defining the alliance
• The alliance process
• Success factors and barriers to Alliances

Day 2

Reengineering the Processes
Changes in Supply Chain Responsibilities

• Major categories of change
• Map your supply chain
• Achieving supply chain alignment

The Need for Process Change

• Reengineering is a must
• Common errors in reengineering
• The basics of reengineering

Keys to Successful Integration of e-Tools

• Skill sets
• Best practices implemented
• The major advantages of e-Tools

Day 3

Integration Tools
Technology and Supply Chains

• The challenges of integration
• Enterprise resource planning (ERP)
• Strategic Sourcing Software

Technology Tools for Supplier Relationship Management (SRM)

• Components of supplier relationship management
• Impact of online SRM
• Features to look for in SRM system

Common Logistic Processes

• Forecasting and Inventory Control
• Developing Economic Order Quantities
• Fixed Order Quantity Systems

Day 4

Applying Concepts & Technologies
Common Logistic Processes

• Transportation
• Warehousing
• Customer Service

Improvement Initiatives-Cycle Time Reduction

• Cause of long cycle time
• Reduction Opportunities
• Steps in cycle time reduction

Vendor Managed Inventories

• Types of vendor managed inventories
• Integrated supply
• Collaborative planning, forecasting and replenishment

E-Reverse Auctions

• Driving Forces
• How do they work
• Issues involving e-Reverse Auctions

Day 5

Managing Sourcing Risk
Expressive Bidding

• The new tool for complex bid evaluations
• Providing the analytics for integration
• The key concepts

The Outsourcing Issue

• Advantages to insourcing
• Advantages to outsourcing

Identifying and managing supply risk

• Where do things go wrong
• Types of risk
• Managing the risks

Developing the Integration & Technology Strategy

• Elements to be considered
• Establishing the management environment
• Steps in defining and implementing the strategy
• Summary and Conclusion

Course Methodology

A variety of methodologies will be used during the course that includes

• (30%) Based on Case Studies
• (30%) Techniques
• (30%) Role Play
• (10%) Concepts
• Pre-test and Post-test
• Variety of Learning Methods
• Lectures
• Case Studies and Self Questionaires
• Group Work
• Discussion
• Presentation

Course Fees

This rate includes participant’s manual, Hand-Outs, buffet lunch, coffee/tea on arrival, morning & afternoon of each day.

Course Timings

Daily Course Timings
08:00 - 08:20 Morning Coffee / Tea
08:20 - 10:00 First Session
10:00 - 10:20 Coffee / Tea / Snacks
10:20 - 12:20 Second Session
12:20 - 13:30 Lunch Break & Prayer Break
13:30 - 15:00 Last Session