Supply Chain Management is a multi-disciplinary programme designed to help you conceive innovative strategies and deploy solutions that can help your organisation serve customers in an optimal fashion. With higher customer sophistication, increasing network fragmentation, and an ever-shifting balance of power, the primary role of supply chain management, along with the coordination of material, information and cash flows, has become complex. For these reasons, this 5-day programme is designed to address these issues through key concepts that underpin the supply chain development. These are supported by three guiding principles: namely, value, alignment and sustainability.
Value
A manager’s primary responsibility is to create value and the supply chain manager is no exception. In managing inventory, determining batch sizes, granting payment terms on a sales contract, negotiating a procurement contract or investing in a new technology, he or she must undertake only value-creating initiatives. A value-based management approach is therefore crucial in defining value in an unambiguous fashion and cascade it throughout the organisation to make it consistent with a manager’s daily responsibilities and performance targets.
Alignment
While value creation is necessary, it does not automatically lead to value capture. To ensure that each member of a supply chain receives rewards that commensurate with his or her contribution to the network, alignment is a must among all members. Given that modern supply chains are decentralised ecosystems with no clear command-and-control structures, alignment does not happen naturally. In the short run, effective economic incentives must be designed while working towards the establishment of trust-based win-win solutions.
Sustainability
Like products and processes, supply chain solutions have finite life times. It is therefore necessary to continuously assess the validity of the current supply chain solution, monitor the evolution of markets and technologies as well as, actively measure and manage risk to ensure not just one but a series of competitive advantages. Judicious choices in product, process and supply chain design must then be made to ensure a smooth transition as markets evolve. |
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