Start Date: 24 Dec, 2023
End Date : 28 Dec,2023
Duration : 5 Days
Overall Description:
This course provides what effective supply chain professionals need to be able to ensure their organisations become industry pace setters, by better managing their supply chains to achieve reduced costs, whilst at the same time, improving service levels. Global trade has brought about proportionally high levels of risk and uncertainty. In turn, this uncertainty creates a risk spiral that is accompanied by increased cost and reduced levels of service. Risk is found in all supply chains, but with analysis, preparation and action, these risks can be avoided, managed or deflected. This course shows how to apply useful tools and techniques to successfully manage this dilemma and paradox.
Course Objectives:
At the end of this course the participants will be able to:
- Apply a thorough understanding of supply chain activities and risk management
- Identity, analyse and evaluate supply chain risk
- Understand the keys aspects in reducing risk
- Use risk management tools and techniques
- Make supply chain organisational improvements
Course Outline (Content):
Understanding the Supply Chain
- Supply Chain Definitions
- Customers, competitive advantage and demand
- The Global Supply Chain Incoterms 3000 and reducing Risk
- Recognising Risks in the Supply Chain
Identifying Supply Chain Instabilities and Risks
- Internal supply chain risks
- PESTLE risks
- Inventory and financial risks
- Disruption and security risks
- Procurement and logistics risks
Understanding the Risk Spiral, Reducing Supply Chain Risk
- Consequences, Outcomes
- Analysing the key drivers of risk
- Improving visibility and reducing variability
- Maintaining velocity, Restoring confidence
- Enabling agility and synchronicity in supply chain
- Applying Supplier Relationship Management
Using Risk Management Tools and Techniques
- Risk mitigation matrix and options
- Risk management principles
- The role of Procurement and Supply Chain strategy
- Evaluation and prioritisation of risks
- Developing a risk management culture
- Contingency and risk management planning
Rethinking the Supply Chain
- Supply chain futures and predictions
- Pro COVID-19
- Reengineering supply chains end to end to minimise risk
- Organisation development
- Models for change
Who Should Attend?
This course is suitable to a wide range of professionals from Supply Chain and Logistics industry but will greatly benefit
- Risk Managers
- Supply Chain Managers
- Logistics Managers
- Production Planners
- Operation Managers
- Project Managers
- Finance Managers
- Plant Manager
Course Methodology:
We utilize a variety of proven adult learning techniques to ensure maximum understanding, comprehension and retention of the information presented. This training course will be conducted as a highly interactive workshop session. A variety of training methodologies will be used Before and during the course whenever applicable. Some of these methods are gamification, online pre-post test, role plays, self-assessment instruments, group exercises & case studies.
