Supply Chain Best Practices: Concept, Application & Risk Management

The Course Content
Day One: Understanding the Supply Chain
Supply Chain Definitions
Supply Chain Models and Types
Types of process frameworks
Defining performance gaps
Customers, competitive advantage and demand
The Global Supply Chain


Day Two: Unlocking your Cash: Inventory Management and Optimization
Types of inventory
Applying procurement strategies that maximize inventory turns
Speeding the cash-to-cash cycle time
The financial justification for change
Supplier relationship management: strategies, approaches and tools


Day Three: A New Paradigm for Outsourcing
Is your relationship transactional or outcome-based?
Defining desired outcomes that are measurable
Developing an effective outsourcing contract
Designing a pricing model that incentivizes desired behaviours
Evaluating cost/service trade-offs


Day Four: Identifying Supply Chain Instabilities and Risks
Internal supply chain risks
PESTLE and external risks
Risk management principles
Evaluation and prioritisation of risks
Contingency and risk management planning


Day Five: Rethinking the Supply Chain and Improving your Results
Rationale and approach to performance management
Identifying, defining, and tracking your metrics
Incentives and continuous improvement
Re-engineering supply chains end to end to minimise risk
Organisation development