Logistics & Supply Chain Management
- 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.
Day 1 – 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.
Day 2 – 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
Day 3 – Inventory and Operations Management
- Supply Chain operations analysis
- Value Stream Mapping (VSM)
- “Push and Pull” systems
- Manufacturing Planning and Control Systems
- Demand Management and Forecasting
- Sales & Operations Planning
- Inventory Management
- Capacity Management, Sequencing and Scheduling
Day 4 – 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).
Day 5 – 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
- Workshop on forecasting
- Linear optimisation
- Workshop on linear programming
- Multi-criteria decision making
- Revision and examination preparation
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