Logistics and Supply Chain Management

Supply Chain Management in Dubai seeks to optimize projecting, inventory and transportation to boost efficiency, lessen cost, understand the movement of goods and line up supply chain networks. This program introduces you to the fundamental concepts of Supply Chain Management and explains their application in real-time and understand the processes behind effectively managing logistics.

Description

The role of logistics and supply chain managers is progressively shifting due to increasing competitiveness of the business environment. This programme will enable these managers to be adequately skilled to rise up to the expectations of their firms and equip them with expertise to assume greater responsibilities.

Learning outcomes

• Conceptual understanding of various concepts and methods in Logistics and Supply Chain Management
• Ability to implement Project Planning, Cost Efficiency and Optimization Techniques
• Build analytical aptitude, leadership and problem solving qualities in the professionals
• End to end understanding of Logistics and Supply Chain Management in the industry and gain a wider perspective.

Who should attend

This program gives insight into Logistics and Supply Chain Industry, suitable for professionals and fresh & final year graduates who wish to build entry level managerial career in Logistics and Supply Chain sector. Effective logistics and supply chain management has become essential for companies across E-commerce, FMCG, manufacturing, retail and more such domains, therefore, large corporates have logistics and supply chain management as a key focus area. New age organizations like e-commerce, hospital, hospitality, aviation, shipping and more have added to the demand for trained & well qualified professionals.

Course Outline:

A.Introducing Supply Chain Management

1. Core Supply Chain processes

2. Supply Chain complexity- Bullwhip effect, Handling uncertainty

B. Supply Chain Strategy

1. Evaluating supply chain network strategy: capacity, technology, translating supply chain decisions into financial terms - Total Landed Cost, Total Cost of Ownership, Discounted cash flow analysis

2. Supply Chain Structure Design: Push, pull, postponement

3. Supply Chain Governance: Contracts and Relationships

4. Risk and Resilience in Supply Chains

C. Demand Planning & Forecasting

1. Introduction to Demand Forecasting and Forecasting Accuracy

2. Forecasting: Time Series Methods

3. Forecasting: Causal Methods

4. Forecasting for New Products

5. Demand Planning: Matching Demand and Supply

D. Inventory Management

1. Economic Order Quantity models- sensitivity, non-instantaneous lead time, quantity discounts, concept of back orders

2. Single period inventory models – critical ratio, expected profit, expected units short

3. Continuous review policy(s,Q) model & Periodic review policy (R,S) model using performance metrics (cycle service level and item fill rate) and stockout cost metrics (cost per stockout event and cost per item short)

4. Special issues- exchange curves, grouping like items, location pooling

E. Logistics and Global Supply Chain Management

1. Freight transportation- selection and its impact on inventory

2. Warehousing- design, operations heuristics, material handling

3. Customs, Duties, Tariffs, INCO terms, Rules of origin, Letter of credit etc.

4. International transportation, Trading blocks, Trade zones, Bonded warehouses

5. Currency fluctuations, exchange rate risks, Transfer Pricing, permanent establishment

F. Modelling & Analytics Tools

1. Optimization Models for Supply Chain Decision Making

2. Simulation for Decision Making

3. Decision Making under Uncertainty: Decision Tree Analysis

4. Supply Chain Analytics

G. Designing & Managing Channel Partners – Distribution

1. Product Life Cycle and Distribution Challenges

2. Managing Customer Relationships

3. Measuring Channel Performance

4. Managing Channel Conflict

H. Procurement and Sourcing Management

1. Integrated Planning Foundation

2. Supply Strategy

3. KPIs for integrated sourcing

I. Special Topics in SCM

1. Quality Management, Six sigma & Lean Management Concepts

2. Recent Advances in Technology

3. Taxation & supply chains

4. Legal Aspects of Purchasing, Sourcing & Contracts

J. Topics in Fundamentals of Management Theory

J1.Finance

Conceptual framework of financial reporting; Corporate Financial Statements: Balance Sheet; Profit and Loss Statement; Cash Flow Statement Analyzing Financial Statements; Financial Ratios

J2.E-Commerce

Best E-Commerce practices

E-commerce business models and their sustainability under crisis situation

J3.Strategy –

Strategy & Strategic management process

Evaluating firms’ external and internal environments, Business-level & Corporate strategies

J4.Negotiations

J5.Microeconomics concepts

Demand-supply Analysis, Elasticity, Opportunity Cost, Production Costs, Firm Behavior, Perfect Competition, Monopoly, Pricing Strategies

J6.International Trade

Theories of international trade

Trade pattern across the world- trade and investment linkage through production networks

Trade policy instruments-tariff, quota and other measures WTO and Trade Blocks

Career prospects

• Purchase/Sourcing
• Vendor Development
• Process Management
• Warehousing & Distribution
• Inventory Control
• Supply Chain Management-Solution Designing
• Network Planning