Course details
Effective supply chain professionals need to be able to ensure their organisations become industry pace setters, by better managing their supply chains to achieve reduced costs, whilst at the same time, improving service levels.
However, global trade has brought about proportionally high levels of risk and uncertainty. In turn, this uncertainty creates a risk spiral that is accompanied by increased cost and reduced levels of service. Risk is found in all supply chains, but with analysis, preparation and action, these risks can be avoided, managed or deflected.
Smart organisations must therefore find ways to manage risk, uncertainty and variability and at the same time, look to reduce cost and improve service.
This seminar shows how to apply useful tools and techniques to successfully manage this dilemma and paradox.
The Goals
- Apply a thorough understanding of supply chain activities
- Identity, analyse and evaluate supply chain risk
- Understand the keys aspects in reducing risk
- Use risk management tools and techniques
- Make supply chain organisational improvements
The Process
- Discussion and lectures using international best practice
- Practical applications
- Exercises and Case studies
- Extensive course manual
- Presented by the author of many books on supply chain and procurement topics
The Benefits
- Understanding the supply chain operations
- Understand what drives your other supply chain players
- Use analytical tools to identify supply chain risk
- Make cost and service improvements
- Gain a framework for continual improvement
- Use best in class practices
The Results
- Understand the current supply chains
- Access them for risk and vulnerability
- Examine how to mitigate risks
- Apply appropriate tools
- Make continual improvements
The Core Competencies
- Analysis
- Evaluation
- Improving
- Make change
- Sharing and understanding others points of view
The Conference Content
Understanding the Supply Chain
- Supply Chain Definitions
- The 8 Supply Chain Rules
- Customers, competitive advantage and demand
- Supply Chain Models and Types
- The Global Supply Chain
- Incoterms 3000 and reducing Risk
- Recognising Risks in the Supply Chain
Identifying Supply Chain Instabilities and Risks
- Internal supply chain risks
- PESTLE risks
- Inventory risks
- Financial risks
- Disruption risks
- Security risks
- Mismanaged relationship risks
- Procurement risks
- Logistics risks
- Learning from the 2008 economic crisis
Understanding the Risk Spiral
- Consequences
- Outcomes
- Analysing the key drivers of risk
Reducing Supply Chain Risk
- Improving visibility
- Reducing variability
- Maintaining velocity
- Restoring confidence
- Enabling agility and synchronicity in supply chain
- Applying Supplier Relationship Management
Using Risk Management Tools and Techniques
- Risk mitigation options
- Risk mitigation matrix
- Risk management principles
- RAG assessment
- The role of Procurement and Supply Chain strategy
- Evaluation and prioritisation of risks
- The risk management matrix
- Developing a risk management culture
- Contingency and risk management planning
- Supply chain resilience
Rethinking the Supply Chain
Supply chain futures and predictions
- Agility
- Network design
- China supply chain effects
- Going "Green"
- Professional leaders/manager development
Reengineering supply chains end to end to minimise risk
Organisation development
Models for change
Updated on 27 July, 2016Course Location
About PetroTech
Knowledge
The adage that “knowledge” is power holds very true in this industry. In order to maximize results we are constantly updating and upgrading ourselves. This commitment to ongoing skills development is one of the reasons we are success, the belief that there is a “better way to do things” is what motivates us each and every day. By aligning with us you are going to benefit from our years of expertise in real world scenarios. Classroom learning is great but there is no substitute to real world experience which is what we are bringing to the table.
Quality
Billionaire investor Warren Buffett said “price is what you pay but quality is what you get” and that expression is very true. With use we understand that your time is very valuable and you only want the best and most current industry related knowledge which is what we bring to the table. Instead of giving you massive amounts of inaccurate or outdated information you get precisely what you want, the most current knowledge so you can make truly informed decisions that will directly impact productivity and your bottom line. When results are what you are looking for then the choice is clear, we are your partners in success.
Innovation
Technology has revolutionized the way knowledge is disseminated in throughout the world, what use to take months or even years to reach the masses can be done in a few hours ! In order to remain relevant and viable we need to embrace innovations. The challenge with innovation is knowing when to implement it and what type of return you can expect from it. Instead of risking your time and resources we have the answers for you, Since we are at the vanguard of the industry whenever there is a fruitful innovation we will be there providing you with the information needed to make the right decision.
Respect
We understand you may have unique need so we provide a tailored made (bespoke for our U.K. friends) approach that will address your questions in the most conducive manner possible. Respect to us means putting your interests, your needs at the forefront of our mind. You will see how genuine we are and that you not just “some customer” you are our partner in success just as much as we are your partner in success. We firmly believe in the “golden rule”, treat others with graciousness, courtesy and respect. Come experience the difference that quality and respect makes and you will truly be amazed.
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