Cost Reduction and Supply Chain Management

Introduction: –

A supply chain encompasses all activities associated with the flow and transformation of goods and services from the raw materials stage to the end user (customer), as well as associated information flows. In essence, it is all assets, information, and processes that provide “supply”. It is made up of many interrelated members, starting with raw material suppliers, and including parts and components suppliers, sub-assembly suppliers, the product or service producer, and distributors, and ending with the end-use customer.

Objectives: –

By taking this 2-day training course, participants will competence in:

• Understand the meaning of “supply chain” and “Supply Chain Management” (SCM)
• Know objectives of a supply chain
• Learn the activities involved in SCM
• Learn the process tools for SCM
• Learn how to measure supply chain efficiency

Unique Programme Takeaways: –

The participants who are working in Purchase, Stores or Logistics will get insight on how to measure performance of their department. The measurement of performance on various parameters will help them improving the efficiency. Many times, professionals working in Purchase or Logistics work as standalone entity. The second takeaway of this workshop would be shift in mindset from working in standalone department to understanding the concept of the “chain”.

Suitability of the workshop: –

Measurement of efficiency is generally a Manager’s job. Therefore, this workshop will be useful for the heads of Procurement, Supply Chain, Marketing etc.

Eligibility for the Training: –

In this training, international case studies will be discussed that requires mathematical orientation. Therefore, participants are expected to have high-level numerical skills.

Workshop methodology: – The workshop will have all the adult learning methods. Participants will be shown videos on modern supply chain practices. In addition to this, there will be group discussions, case studies, numerical exercises etc.           

Programme Schedule

First Day First Half: –

• What exactly is Supply Chain Management?
• Essential Definitions
• Recent Development of Supply Chain Management
• The Key Principles of Supply Chain Management

First Day Second Half: – 

• What is Bullwhip effect? How it impacts the Supply Chain?
• What is Supply Chain Operations Reference (SCOR)?
• Break-up of the various costs involved in end-to-end Supply Chain
• Transportation Metrics that Matter the Most
• Impact of price discounts or marketing promotion on supply chain