Supply Chain Collaboration
Supply Chain Collaboration focuses on aligning business processes and goals between firms within the supply chain toward improving the performance of all members. This course presents the eight managerial processes at the strategic and operational levels, first within the firm and then between firms. Successful Supply Chain Collaboration requires cross-functional integration, right-sizing of partnerships and correct adoption of performance measures, which will be studied in depth with attention to practical applications and deployment techniques.
- Describe the eight supply chain management processes and their application within the firm and between supply chain members.
- Create complete supply chain maps from raw materials to end consumer.
- Apply concepts of Lean Thinking beyond the firm and into the broader supply chain realm.
- Explain the benefits of co-creation with customers and suppliers.
- Apply the Partnership Model and Collaboration Framework.
- Assess the benefits of various performance metrics in their ability to align firm behaviors toward common goals.
Strategic Supply Management focuses on the fundamental principles, processes and strategies that are currently used by successful companies to manage their supply networks and significantly improve their bottom lines. This course provides strategic and comprehensive insights into the field of supply management by analyzing markets, suppliers and business needs. Concepts also include developing and implementing effective supply management strategies that balance quality, technology and delivery to achieve the lowest Total Cost of Ownership. The course puts a strategic focus on sourcing, price management and supplier relationship management with emphasis on risk management, by covering key knowledge and skills that are in demand today.
- Analyze potential suppliers and regional characteristics of supply markets.
- Apply a structured process to develop sourcing strategies.
- Assess supply risks.
- Describe supply risk mitigation strategies.
- Evaluate supplier relationships.
- Differentiate between price and cost in supply management.
- Evaluate the competiveness of prices paid to suppliers.
- Apply cost models to evaluate supplier prices and life-cycle costs.
- Select appropriate supply chain cost management strategies.
This course focuses on the fundamentals of planning as a primary input into the conception and execution of a robust supply chain architecture. Core facets of planning such as Resource capacity maximization, Supply and demand balancing, Forecast development, Service requirements, Internal and external plan collaboration, and Inventory optimization are discussed in detail. Using simulation and mathematical models as a basis, coupled with practical real life scenarios, this course connects the individual components of the production and inventory planning functions into an integrated supply chain strategy.
- Discuss the overall strategic importance of Supply Chain Planning.
- Demonstrate the value of planning as an effectiveness multiplier across the supply chain.
- Utilize qualitative and quantitative of forecasting techniques.
- Identify the best forecasting method for a given data set.
- Employ a Sales and Operations Planning (S&OP) process.
- Describe the process of achieving the lowest Total Cost of Ownership.
- Compute the optimal inventory plan for a particular product.
The ability to deliver the right products to the right customer at the right cost, the right time and the right quantity is mission-critical to any business’ success. Successful companies have turned this competency into a key competitive advantage. With most supply chains now spanning the globe several times over, a multitude of service providers, IT systems and distribution systems must all work in concert to deliver excellence. This course will provide the student with an in-depth understanding of the building blocks of transportation modes, warehousing techniques and the strategies companies employ to achieve a competitive advantage in the marketplace.
- Contrast the costs and values of establishing distribution networks.
- Describe the services of distribution centers and how their value-added activities integrate with specific distribution strategies.
- Explain cost and service features of each transportation mode and their role in creating winning distribution strategies.
- Employ information systems to aid in making distribution decisions.
- Compare performance metrics of alternative distribution networks.
- Appraise the cost and service trade-offs between inventory and transportation.
Supply chains are becoming more complex with increasing globalization while simultaneously becoming more fragile with leaner inventory buffers. This increases the risk of disruptions exponentially as additional suppliers and logistics providers are added, with potentially devastating financial impacts. However, simply applying cost management strategies are no longer comprehensive enough. This course will present traditional risk management techniques and alternatives including the new application of resilience to the business world. Throughout the course an interactive, competitive simulation will test individual knowledge and leadership skills that encompass MBA disciplines with emphasis on managing supply chain operations in a turbulent, global marketplace.
- Select proper risk management approaches within all four pillars: supply, process, demand and environment.
- Assess operational and financial impacts of unreliable suppliers and transportation carriers.
- Evaluate the benefits and limitations of emerging risk management tools and techniques.
- Develop a comprehensive supply chain strategy that properly integrates business concepts.
- Defend operational decisions as related to business strategy and resulting outcomes.
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