Logistics and Supply Chain Management

LEARNING OUTCOMES:

• Define Supply Chain Management and Logistics
• Explain the vertical integration and virtual integration models
• Understand the stages in the basic supply chain flow
• Identify participants in the supply chain
• Recognize supply chain drivers and ways to optimize them
• Align supply chain strategy with business strategy
• Determine what metrics to track and how to benchmark the related data
• Troubleshoot basic supply chain problems
• Identify ways to develop your supply chain, such as using third-party logistics
• providers (3PL’s), insourcing processes, developing sustainable and eco-friendly strategies, leveraging process improvement strategies, and adopting new techniques

 

COURSE OVERVIEW & CONTENT:

"Logistics is the backbone of the supply chain, ensuring that the right product is in the right place at the right time."

Logistics and Supply Chain Management involve the planning, coordination, and control of the movement of goods and services from suppliers to customers. It encompasses a wide range of activities such as sourcing, production, transportation, warehousing, and distribution.

The Logistics and Supply Chain is a crucial part of any business’ success. Optimizing the flow of products and services as they are planned, sourced, made, delivered, and returned can give your business an extra competitive edge.

This two-day course will introduce you to the basic concepts of supply chain management, including the basic flow, core models, supply chain drivers, key metrics, benchmarking techniques, and ideas for taking your supply chain to the next level.

Getting Started

• Defining the Terms
• Regulations and Resources

The Evolution of the Supply Chain

• Vertical Integration Model
• Virtual Integration Model
• What’s Next?

The Basic Supply Chain Structure

• The Links in the Supply Chain
• Participants in the Supply Chain
• Designing Your Supply Chain
• The Bullwhip Effect

Supply Chain Drivers

• Driving Success
• Choosing the Right Transportation Methods

Aligning Your Supply Chain with Business Strategy

• Identifying Your Market
• Looking at Your Role
• Analyzing the Data
• Taking the Next Steps
  • Where You Want To Be

Managing Supply Chain Risks

• Supply Chain Risks
• Ways To Manage Them

Tracking and Evaluating Supply Chain Data

• Ratios and Formulas
• What is Benchmarking?
• The SCOR Model
• The Balanced Scorecard
• Supply Chain Management Dashboards

Troubleshooting Supply Chain Problems

• Signs of Trouble in Your Supply Chain
• Supply Chain Best Practices

Sharing Supply Chain Activities

• Outsourcing, Insourcing, Offshoring, and Reshoring
• Third- and Fourth-Party Logistic Providers
• Building Partnerships within Your Supply Chain

Sustainable Supply Chain Strategies

• What is Sustainability?
• Reducing the Impact on the Environment

Applying Lean Techniques to the Supply Chain

• Lean 101
• Applying Lean to the Supply Chain

The Future of Supply Chain Management

• Top Trends
• Basic Documentary Letter Of Credit
• The General Shipping Terms

 

 

COURSE DURATION: TWO DAYS