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fundamentals of supply chain management

Fundamentals of Supply Chain Management

Original price was: $100.00.Current price is: $49.00.

This course provides learners with the foundational knowledge and practical tools necessary to manage and optimize a company’s supply chain, ensuring long-term business success and resilience in the face of evolving global challenges.

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Course Summary:

Supply Chain Management Fundamentals provides an in-depth introduction to the principles and practices that govern the flow of goods, information, and finances in modern business environments. This course is designed to equip learners with essential knowledge of supply chain management (SCM), including procurement, logistics, production, inventory management, and distribution. Participants will learn how to optimize supply chain processes, reduce costs, and improve overall efficiency, ultimately contributing to a company’s competitive advantage and customer satisfaction.

Learning Outcomes:

By the end of this course, participants will be able to:

  1. Understand the key concepts and components of supply chain management.
  2. Analyze supply chain processes and identify areas for improvement.
  3. Implement effective procurement and sourcing strategies.
  4. Manage supplier relationships and evaluate supplier performance.
  5. Develop inventory management techniques to optimize stock levels and reduce costs.
  6. Improve logistics and distribution processes for efficient product flow.
  7. Understand the impact of supply chain disruptions and how to mitigate risks.
  8. Use data analytics to improve decision-making within the supply chain.

Long-Term Benefits:

  • Operational Efficiency: Mastery of SCM fundamentals allows professionals to streamline operations, minimize waste, and optimize the use of resources, reducing costs and enhancing productivity.
  • Cost Reduction: By improving procurement, logistics, and inventory management, businesses can significantly reduce operational costs.
  • Improved Customer Satisfaction: A well-managed supply chain ensures timely delivery of goods and services, resulting in higher customer satisfaction and retention.
  • Risk Mitigation: Understanding supply chain risks and disruptions allows businesses to develop contingency plans, ensuring resilience in uncertain environments.
  • Competitive Advantage: Efficient supply chain management creates a competitive edge by allowing businesses to offer better products and services at lower costs.
  • Sustainability: The ability to integrate sustainable practices into the supply chain improves corporate responsibility and long-term viability.

Course Outline:

Module 1: Introduction to Supply Chain Management

  • Definition and importance of SCM in modern business
  • The key components of a supply chain
  • How SCM affects business performance and profitability

Module 2: Supply Chain Design and Strategy

  • Developing supply chain strategies that align with business goals
  • Supply chain models: Push vs. pull strategies
  • Global supply chain management and challenges

Module 3: Procurement and Sourcing

  • The role of procurement in the supply chain
  • Sourcing strategies: Single vs. multiple suppliers
  • Supplier selection and evaluation criteria
  • Building and maintaining strong supplier relationships

Module 4: Inventory Management

  • Types of inventory: Raw materials, work-in-progress, finished goods
  • Inventory control systems: Just-in-Time (JIT), Economic Order Quantity (EOQ), and safety stock
  • Balancing inventory levels to minimize costs and avoid stockouts
  • Inventory forecasting and demand planning

Module 5: Logistics and Distribution Management

  • Transportation modes and their impact on supply chain performance
  • Warehouse management and optimization
  • Distribution network design: Centralized vs. decentralized distribution
  • Last-mile delivery and improving customer service

Module 6: Production and Operations in SCM

  • The link between production and supply chain management
  • Lean manufacturing principles: Reducing waste and improving efficiency
  • Capacity planning and scheduling in production
  • Managing production bottlenecks

Module 7: Technology in Supply Chain Management

  • The role of information systems in SCM (e.g., ERP, TMS, WMS)
  • Data analytics and its impact on decision-making in the supply chain
  • Emerging technologies: Automation, AI, IoT, and blockchain in SCM

Module 8: Risk Management in Supply Chains

  • Identifying risks in the supply chain: Natural disasters, supplier failures, market changes
  • Developing risk mitigation strategies: Diversification, contingency planning, and insurance
  • Managing supply chain disruptions: Case studies of real-world disruptions

Module 9: Sustainability in Supply Chain Management

  • The importance of sustainability and corporate social responsibility (CSR) in SCM
  • Green supply chain practices: Reducing carbon footprint, waste management, and recycling
  • Ethical sourcing and supplier sustainability assessments

Module 10: Final Project and Course Review

  • Review of key supply chain management concepts and strategies
  • Final project: Develop a comprehensive supply chain strategy for a real or hypothetical business
  • Presentation and feedback from peers and instructors

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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