Principles of Supply Chain Management Training Course
Introduction
Supply Chain Management (SCM) is the backbone of modern businesses, ensuring efficient movement of goods, services, and information. By mastering the fundamental principles of SCM, professionals can optimize operations, reduce costs, improve supplier relationships, and enhance customer satisfaction.
This course provides a comprehensive foundation in supply chain management, covering key concepts, strategies, best practices, and modern technologies. Participants will explore topics such as inventory management, procurement, logistics, demand forecasting, and digital transformation to build an efficient and resilient supply chain.
Course Objectives
By the end of this course, participants will:
- Understand core supply chain principles, functions, and best practices.
- Learn procurement, inventory control, transportation, and distribution management.
- Explore demand forecasting, supply chain optimization, and cost reduction strategies.
- Assess digital transformation, AI, blockchain, and sustainability in SCM.
- Develop a strategic supply chain plan for business efficiency and resilience.
- Gain insights into future trends shaping global supply chains.
Who Should Attend?
This course is ideal for professionals seeking a strong foundation in supply chain management, including:
- Supply Chain & Logistics Coordinators
- Procurement & Sourcing Specialists
- Warehouse & Inventory Managers
- Business Strategy & Operations Executives
- Entrepreneurs & Business Owners Managing Supply Chains
- Students & Career Switchers Exploring Supply Chain Roles
Course Outline
Day 1: Introduction to Supply Chain Management
Unit 1: Understanding Supply Chain Fundamentals
- What is Supply Chain Management (SCM)? Key Functions & Importance
- Components of a Supply Chain: Procurement, Manufacturing, Warehousing, Distribution
- The Evolution of SCM: Traditional vs. Modern Supply Chains
- Case Study: How Amazon & Walmart Built High-Performance Supply Chains
Unit 2: The Supply Chain Process & Key Stakeholders
- Supply Chain Flow: From Raw Materials to End Customers
- Key Stakeholders in SCM: Suppliers, Distributors, Retailers & Customers
- The Role of Supply Chain in Business Profitability & Competitiveness
- Workshop: Mapping a Basic Supply Chain Network
Day 2: Procurement, Sourcing, & Inventory Management
Unit 3: Procurement & Sourcing Strategies
- Strategic vs. Operational Procurement
- Supplier Selection & Relationship Management
- Cost-Saving Strategies: TCO (Total Cost of Ownership), Negotiation & Multi-Sourcing
- Case Study: How Toyota Manages Supplier Relationships
Unit 4: Inventory Management & Control
- Types of Inventory: Raw Materials, WIP, Finished Goods, Safety Stock
- Inventory Management Techniques: FIFO, LIFO, EOQ, JIT & VMI
- Balancing Demand & Supply to Avoid Stockouts & Overstocks
- Workshop: Developing an Inventory Management Plan
Day 3: Logistics, Transportation & Distribution
Unit 5: Logistics & Freight Optimization
- Logistics Functions: Inbound, Outbound & Reverse Logistics
- Comparing Transportation Modes: Air, Sea, Rail & Road
- Freight Optimization & Cost Reduction Strategies
- Case Study: How DHL & FedEx Optimize Global Logistics
Unit 6: Warehousing & Distribution Strategies
- Warehouse Layout & Storage Optimization
- Cross-Docking, Hub-and-Spoke & Distribution Network Design
- The Role of AI & IoT in Warehouse Automation
- Workshop: Optimizing a Distribution & Fulfillment Strategy
Day 4: Demand Forecasting, Risk Management & Digital Transformation
Unit 7: Demand Planning & Forecasting Techniques
- The Importance of Demand Forecasting in Supply Chain Planning
- AI & Machine Learning for Demand Prediction & Trend Analysis
- Managing Seasonal & Unpredictable Demand Fluctuations
- Case Study: How Zara Uses Demand Forecasting to Minimize Waste
Unit 8: Supply Chain Risk Management & Resilience
- Identifying & Mitigating Supply Chain Risks (Financial, Operational, Geopolitical, Cybersecurity)
- Business Continuity & Disaster Recovery Planning
- Blockchain for Supply Chain Transparency & Fraud Prevention
- Workshop: Conducting a Supply Chain Risk Assessment
Day 5: Sustainability, Future Trends & Strategic SCM Implementation
Unit 9: Sustainable & Ethical Supply Chain Management
- The Rise of Green Supply Chains & Carbon Reduction Initiatives
- Circular Economy & Reverse Logistics for Sustainable Waste Management
- ESG (Environmental, Social, Governance) Compliance in Supply Chains
- Case Study: How Unilever & IKEA Implement Sustainable Sourcing Strategies
Unit 10: Future Trends & Implementing a Supply Chain Strategy
- The Impact of AI, Blockchain & 5G on Supply Chain Operations
- The Rise of Autonomous Vehicles, Drone Deliveries & Smart Warehousing
- Hyper-Personalized & Digital-First Supply Chains
- Final Project: Developing a Supply Chain Optimization Plan
- Course Wrap-Up & Certification
Training Methodology
- Interactive Lectures & Real-World Case Studies from Industry Leaders
- Hands-On Workshops with Demand Forecasting, Procurement & Logistics Simulations
- Live Demonstrations of AI-Powered Inventory & Digital Freight Optimization
- Expert Panel Discussions & Group Strategy Sessions
- Practical Assignments & Certification at Course Completion
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