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Basics Of Supply Chain Management

MM114

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Supply chain management is the system that connects and integrates the links of sourcing, procurement, conversion, and logistics management. By understanding how to manage this complex system—and ensure that key business functions are properly integrated—you can increase profits and reduce costs and risks.

We go over the different supply chain processes that must be managed in an integrated way: plan, source, make, deliver, return, and enable. He uses this process view to describe the key challenges that supply chain managers need to address, the notable trends that are forcing supply chains to evolve, and a five-step process for helping your company implement supply chain management effectively.

Explain what the terms supply chain and supply chain management mean;
Describe what supply chain networks are;
List examples of supply chains;
Describe what is meant by integrated supply chain networks;
Describe best practices in supply chain networks.

This course will mainly benefit to purchasing managers, senior buyers, project managers, civil engineers, construction managers, contractors, sub-contractors, site engineers, senior management, and government agencies, architects, construction professionals, and anyone responsible for purchasing at a senior level who seeks to enhance their skills further

Supply Chain Strategy and Sustainability

Principles of logistics and supply chain management.
Supplier relationships.
Time based mapping and time compression.
The contribution of Just in Time and Lean thinking.
Supply chain sustainability concepts and management.
Thinking strategically, corporate responsibility and ethics.
Supply chain challenges and opportunities.

Principles of Strategic Procurement

General issues affecting P&S and the role of Procurement, including drivers, context, structures, objectives
Supply strategy and segmentation approaches & matrices; buyer-supplier relationships; power issues
Managing inter-organizational relationships
Supplier selection, development and evaluation, including make versus buy decisions
Daikin case study on value creation – to be prepared by students for class presentations and discussion
e-Procurement – approaches, benefits and limitations
e-Auction live event (double session)
New trends in purchasing: retail industry
International sourcing and total landed cost
The Supply Chain Partnership model (Prof Douglas Lambert)
Sustainable sourcing

Inventory and Operations Management

Supply Chain operations analysis
Value Stream Mapping (VSM)
“Push and Pull” systems
Just-in-time
Manufacturing Planning and Control Systems
Demand Management and Forecasting
Sales & Operations Planning
Inventory Management
Capacity Management, Sequencing and Scheduling

Accounting and Finance for Supply Chain Management

Interpretation of Company Financial Statements
Exploring the relationship between accounting information and supply chain management
Introduction to traditional and contemporary accounting tools and techniques, which can be applied to supply chain analysis
The application of accounting tools and techniques to support supply chain decision-making
Supply chain management and the implications for financial performance
Exploring the many cost trade-offs between supply chain management processes (Source v Make).

Analytical Techniques for Supply Chain Management

Introduction to module and decision analysis
Fundamentals of discrete probability
Continuous probability distributions and their applications
Statistical sampling
Simulation modelling
Workshop on simulation
Regression models
Workshop on hypothesis testing and regression
Forecasting
Workshop on forecasting
Linear optimisation
Workshop on linear programming
Multi-criteria decision making
Revision and examination preparation

Presentation & Slides
Audio Visual Aids
Interactive Discussion
Participatory Exercise
Action Learning
Class Activities
Case Studies
Workshops
Simulation

Terms & Conditions

ACTrain reserves the right to alter the Course Schedule without Prior Notification, Fees Quoted are Subject to Terms & Conditions Outlined in ACTrain's Registration Policy