Strategic Sourcing and Supply Chain Management
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In today’s business world companies are exploring ways to become responsive and cost-effective simultaneously. The objective of this programme is to understand the structure of supply chains, and what causes some to succeed and others to fail in delivering value to the customer. The course will introduce analytical tools to design and evaluate supply chain based on the competitive nature of the industry and product characteristics.
The cost of managing the supply chain is substantial and sometimes as high as 40% of the total value-added in certain industries. A marginal reduction in the cost of operating the supply chain could lead to a more competitive pricing of products resulting in higher market share.
Participants, through case-studies, will identify inefficiencies in supply chain networks and propose methods of improving the performance. They will gain understanding on how inventory placement in the network affects responsiveness, cost and service. Issues in coordination and integration of supply chain will be explored.
This programme also provides useful insights and techniques in the areas pertaining to strategic sourcing and supply management. It aims at introducing the recent evolution in procurement practices arising out of increased globalization, development of e-markets and new research and practices in the area.
Challenges in managing products with short life cycle will also be covered. Impact of GST on Supply Chain will be discussed. Finally, performance metrics to evaluate and re-engineer supply chain will be discussed.
Teaching methods would include class-room lectures, a management game and discussion of case-studies of best practices around the world. In addition, executives from companies who were involved in supply chain design and management will be invited to share their experiences with the participants.
Who should attend
This programme is targeted towards senior and middle level executives in the sourcing, procurement, manufacturing, logistics, information technology and marketing functions.