Introductory Workshop on Supply Chain Management
- Programme aims to provide in-depth appreciation of best practice tools in procurement and supply chain management.
- Content focuses on developing commercial thinking for strategic goals and day-to-day tactical needs.
- Topics covered include globalisation, supply chain concept, managing the process, supplier research, and appraising supply.
- Course emphasizes setting up relationships, managing competition, structuring contracts, managing relationships, and mitigating risks.
- Incentivisation of contracts and managing volatile cost elements are also addressed in the training.
Overview
The Supply Chain Management Training program aims to equip participants with advanced tools and techniques for procurement and supply chain management. The course focuses on enhancing commercial acumen to align processes with strategic objectives and daily operational needs. Topics covered include global trends, procurement cycles, supply chain design, contract strategies, supplier research, relationship management, risk mitigation, and contract incentivization. The course spans four days and is offered in various locations in the UK, Ghana, Nigeria, and Qatar.
Who should attend
Procurement Managers, Supply Chain Managers
Course Content
Supply Chain Management Training
COURSE OBJECTIVES
This programme aims to provide delegates with an in-depth appreciation of the current best practice tools and techniques used in the set up and management of the procurement process and supply chain management. Its highly practical content aims to develop the commercial thinking of delegates about how to manage the process for strategic goals and as well as day-to-day tactical needs.
COURSE CONTENTS
Day One
Globalisation
· Changing role of procurement in a globalising world economy
· What is happening to different economic? sectors
· The use of off- shoring and sourcing from Low Cost Countries
· The impact on procurement practice
The procurement cycle
· From need to satisfaction of need
· Role of procurement in the cycle
· How we add value in the cycle
The supply chain concept
· Defining supply chain management
· Designing supply chains
· Supply chain mapping
· Tiering in supply chains
· Seeing supply chains as competing networks
Day Two
Managing the process
· Types of specification
· Conformance or performance specifications?
· The use of international standards
· Specifying capital assets
· Specifying services
Deciding on contract strategy
· Single or dual or multiple sources?
· Long term or short term?
· Turnkey
· Design, build, finance and operate
Supplier research
· Researching for suppliers
· Moving supplier selection from reacting to management
· Types of research tools available – Internet, databases, advertising.
· The use of market research for gaining in-depth information
· Market index tracking
· Financial performance
· Benchmarking clubs, vertical portals as sources of supplier information
Appraising supply
· Models of supplier appraisal
· The use of third party appraisal
· Appraising quality and the importance of ISO 9000
· Financial evaluation
· Supplier appraisal for strategic supplies
· Addressing commitment and company culture when dealing with critical supply items
Day Three
Setting up the relationship
· The business context
· The importance of relationship management in supply chains
· Supply positioning and procurement targeting
· Developing contract strategies – leverage, routine and bottleneck products and sourcing strategies
· Using product / service portfolio analysis to decide on the relationship style
· Analytical tools for assessing internally and externally imposed supply risk
Managing the competition
· Competitive strategy
· Tendering processes
· E-Auctions
· Pre-qualification of tenders and calls for expression of interest
· Supplier short-listing, using weighted criteria for short listing and bid lists
· Bid evaluation; setting and using weighted criteria
· Financial appraisal – using and understanding financial data
The structure the contract
· Developing objectives
· Contractual terms
· Specifications
· Service levels
· Key clauses
· Contract schedules
Day Four
Managing the relationship
· Approaches to managing Long-term supply relationships
· Using tiered relationship management to improve reliability and commitment in the supply chain
Mitigating risk in the supply chain
· Structured relationship management working together to avoid waste – value engineering, value analysis
· Applying the techniques
· Sharing productivity gains with suppliers
· Using the learning curve to reduce total cost
Incentivisation of contracts
· The learning curve
· Sharing the benefits of learning
· Designing incentive based contract formula
Managing volatile cost elements
· Materials
· Precious metals
· Currency fluctuation
· Currency risk
· Price variation clauses
Course duration: 4 Days
Supply Chain Management Training Inverness, Aberdeen, Glasgow, Edinburgh, Dunfermline and other sites throughout the UK including onsite closed company courses are available.
Supply Chain Management Training in Ghana, Nigeria and Qatar is also available.
