Supply Chain Best Practices

by Golden Masters for Training & Consultancy

This course will deliver actual cost-saving strategies that participants can take back to their firms to drive real supply chain improvement.

AED 17000

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Duration

5 days

Course Details

Course Description

Supply chain professionals continue to be pressured to deliver superior operational results while at the same time reducing costs. This course will explore key concepts and solutions that can be employed to strike the right balance between supply chain responsiveness and the costs required to deliver desired business results.

This course will deliver actual cost-saving strategies that participants can take back to their firms to drive real supply chain improvement.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.

Smart organisations must therefore find ways to manage risk, uncertainty and variability and at the same time, look to reduce cost and improve service.

Course Objective:

Delegates attending will be able to show and demonstrate the benefits of this course by:

· Demonstrating the financial results of implementing innovative supply chain concepts

· Understanding the supply chain operations

· Use analytical tools to identify supply chain risk

· Make cost and service improvements

· Gain a framework for continual improvement.

Course Certificate:

Masters Consultant certificate will be issued to all attendees completing minimum of 75% of the total tuition hours of the course.

Course Outline:

Day One

Copy the Best: Supply Chain Benchmarking

· Quantitative vs. qualitative benchmarking

· Types of process frameworks

· Benchmarking against process standards

· Establishing a cross-functional benchmarking team

· Defining performance gaps

· Prioritization and developing a performance road map

Day Two

Inventory Management & Optimization

· Types of inventory

· Applying procurement strategies that maximize inventory turns

· Speeding the cash-to-cash cycle time

· The financial justification for change

· Supplier relationship management: strategies, approaches, and tools

· Supplier collaboration and your company's culture

Day Three

Managing Information to Deliver Supply Chain Excellence

· The importance of ERP systems

· Understanding your company’s IT infrastructure and capabilities

· Approaches to internal systems integration

· IT integration with all your suppliers?

· Normalizing, digitizing, and automating, and accelerating the demand signal

Day Four

A New Paradigm for Outsourcing

· Is your relationship transactional or outcome-based?

· Defining desired outcomes that are measurable

· Developing an effective outsourcing contract

· Designing a pricing model that incentivizes desired behaviours

· Evaluating cost/service trade-offs

· Creating a governance structure that works

Day Five

Performance Management: Defining, Measuring, & Improving your Results

· Rationale and approach to performance management

· Identifying, defining, and tracking your metrics

· Aligning your metrics with corporate goals: creating a cascading metrics program

· Incentives and continuous improvement

Masters Training Company was established in response to the growing need for quality training to support the business community within your Company, Department or Organization by providing a high standard of Training Programs, Courses, Seminars, Workshops and Consultancy Services to employees in a very competitive business environment.

Following the latest trends and ideas in Technology and Management techniques, and with its in-depth knowledge of the business environment, Masters Training Company is able to meet the special requirements of both local and international business throughout the Middle East. Masters Training & Consulting is an independent multinational firm with more than 25 years of experience in helping regional organizations develop their human capital in all fields of management.

Since 1990, we have been entrusted by our clients to provide the most reliable training and consulting products and services in the region. Our innovative and diversified range of training programs and consulting services are designed and delivered by an ever-growing team of full time multilingual consultants experienced in providing solutions relevant to this part of the world and applicable to today’s business challenges.

We pride ourselves on our track record in this regard and on our long-standing relationships with our clients, many of whom have been with us since we started business.

Our public training programs have attracted more than 300,000 participants from almost 3,000 organizations many of whom also entrust us with their needs for bespoke in-company programs. Our client base is steadily growing and so is our commitment to remain the regional leaders in the fields of training and consulting.

Masters is also an approved vendor from KHDA & ILM

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Sheikh Zayed Road Branch

Kherbash Tower, Office # 1803 & 1804, Sheikh Zayed Road, Dubai

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