We currently have no scheduled session for this Contracts & Purchasing Management Training Course. If you are interested in running this course, please contact our Training Department at firstname.lastname@example.org
Why Choose this Training Course?
The Advanced Logistics and Materials Management training course fully covers the role and impact of Logistics and Supply Chain Management affecting an organization through the understanding of Supplier Management in Purchasing, Transportation Models, and Inventory Models from a cost efficient and optimization perspective.
This highly interactive advanced training course is designed for the programme delegates to practice and develop key facets of advanced logistics and materials management which will enable delegates to strategically manage international shipping systems and inventory. Examples of global best practice are delivered throughout the training course to enable delegates to fully embed the learning in order that they can apply within their roles upon returning to their work following the course.
This training course will feature:
- Process mapping the Supply Chain and internal processes for optimized results
- Management of risks and the actions of both internal departments and external stakeholders
- The impact of advanced logistics management both upon the organization’s financial resources and the impact on internal and external customer service
- Integrating logistics forecasting with peak demands and resource planning to optimize the cost efficiency in managing inventory
- Inventory models to effectively manage and where appropriate reduce inventories
- Global best practice in purchasing, inventory controls and materials management
What are the Goals?
By the end of the Advanced Logistics and Materials Management training course, participants will be able to:
- Appreciate the implication of the impacts of logistics & materials management and purchasing functions both internally and external to the organization
- Apply the concepts of international logistics/freight procedures & documentation
- Appreciate the importance of effective resources planning
- Develop optimized work processes and financial areas such as cash flow, cost reduction and management
- Learn how to effectively manage inventory utilizing selective inventory strategic policies
- Develop specific action plans to further develop their role and organizational benefit
Who is this Training Course for?
This training course is intended for a number of professionals who have an experience of supply chain and logistics management functions, and who are looking for new and innovative techniques for achieving a competitive edge for their team and organization will benefit from this training course. It is also beneficial to:
- Senior Professionals in Logistics Functions
- Purchasing, Warehouse and Inventory Personnel
- Financial and Materials Management teams
How will this Training Course be Presented?
This advanced training course will utilize a variety of proven highly interactive adult learning techniques to ensure maximum understanding, comprehension and retention of the information presented. This includes facilitated group and individual exercises, case studies, role-play, videos. The instructor will also facilitate learning by encouraging the delegates to test and critically appraise any theories and concepts on the course
Day One: The Role of Logistics and Supply Chain Management in Modern Businesses
Competency Description: Management needs to distinguish the role that Logistics and supply chain affects the organization’s bottom-line. The organizational structure of a logistics and supply chain department within the organization is crucial for the effective and efficient functioning of the business process.
- Appreciate the role of Logistics and supply chain function in the organization
- Show the effective and efficient ways to manage Logistics and Supply Chain functions
- Compare current and World Class Practices
- Identify and manage the risks by anticipating these risks
Topics to be covered:
- Evaluate logistics role in the current business process
- The evolution of Supply Chain management and Supply Chain dynamics
- The application of a Supply Chain approach
- How to use and apply the Supply Chain Operations Reference Model (SCOR)
- Identifying Supply Chain Instabilities and Risks
- Internal supply chain risks
- PESTLE risks
- Inventory risks
- Disruption risks
- Security risks
- Procurement risks
Day Two: Linking Strategies and Improvement in Cost and Productivity in Procurement
Competency Description: To develop cost models systematically across a purchasing function, needs an approach that builds a broad baseline across all categories of the total spend as well as a deep analysis of select commodities. Base-lining and segmenting the spend ensures a company combines individually purchased items and services into logical groupings of commodity families.
- Analyze the corporate strategic plan to generate objectives and opportunities for the purchasing department
- To ensure that the procurement strategies are in harmony with the time-scales and strategic objectives of the corporate plan
- Examine decision factors that will particularly impact sound purchasing techniques affecting the bottom line
- Analyze ‘contract strategies’, ‘category plans’, ‘procurement strategies’ and ‘commodity strategies’ which are critical to the overall procurement strategy
Topics to be covered:
- Developing Spend Analysis for establishing purchase prices index
- Examine the Total Cost of Ownership
- Analyze Supplier portfolio and classification utilizing and applying Kraljic’s Matric and Porter’s 5 Forces
- Formulate, plan and organise Strategic purchasing plans
- Illustrate the effective order-cycle and lead-time effect on Purchasing
- Plan and organise for negotiations
Day Three: Strategic Supply in Materials Management
Competency Description: Materials management deals with the movement of materials using logistics that deal with the tangible components of a supply chain. Specifically, this covers the acquisition of parts and replacements, encompassing the complete cycle of acquisition, control and usage. Forecasting and planning with disposal of obsolete and excess materials.
- Apply the role of Materials management in the proper tracking of different goods within an organization which represent a direct financial value for a business
- Distinguish Quality control, ensuring products are of high and consistent value, which is a major part of materials management
- Understanding of the Hybrid strategy relative emphasis map
- Illustrate how Shrinkage can be reduced through effective inventory
Topics to be covered:
- Formulate, plan and organize formal procedures for making stock decisions
- Explain, discuss and review safety stock levels and order points
- Apply and improve min/max systems and settings
- Using material forecasts
- Cataloguing materials for effective buying process
- Developing Bills of Material for effective parts management
Day Four: Effective Inventory Planning and Control
Competency Description: Inventory management is an extremely important function that determines the effectiveness of the supply chain as well impacting on the financial health of the organisation’s balance sheet. Every organization constantly strives to maintain optimum inventory to be able to meet its requirements and avoid over or under inventory that can impact the financial figures and customer service levels.
- Show that Inventory management and supply chain management are the backbone of any business operations.
- Appreciate that Inventory management requires constant and careful evaluation of external and internal factors and control through planning and review
- Understand Enhanced customer service concepts where manufacturers agree to manage and hold inventories at their customers end and thereby effect Just In Time deliveries
- Understand the policies of VMI - Vendor Managed Inventory, JIT - Just In Time and ECR - Efficient consumer response.
Topics to be covered:
- Setting comprehensive inventory goals and objective
- Effecting a rationalization strategy
- Calculating and evaluating carrying costs and economic order quantity theory
- Establishing a Strategic Focus with Pareto Analysis on Cost
- Improving material identification and coding
- Creating best practices in the physical control of materials
- Measuring record accuracy and improving cycle counting systems.
Day Five: Tactical and Operational approaches in Transportation Economics
Competency Description: Logistics in particular occupy a central place in Supply Chain Management with transportation and storage of physical goods accounting for a significant share of the operational cost in a supply network. Moreover, recent trends such as outsourcing logistic operations to international logistics providers and/or employ consultants to streamline logistics across the supply chain emphasize the need for a network-wide view. Due to a strong variance in lead times associated with the different decisions to be made in Supply Chain Management, the planning process is naturally structured hierarchically in strategic, tactical and operational levels.
- Appreciate that a key ingredient to successful tactical planning in a logistics network is the efficient consolidation of material flows
- Identify the interplay between inventory cost and different transport tariffs necessitates a notion of time in planning in operation. The goal in tactical optimization is a cyclic pattern of deliveries and inventory consumption
- Distinguish that tactical logistics network optimization describes the paths each commodity takes through the network from its sources to the point of consumption.
Topics to be covered:
- Apply the Role of Transportation in Logistics to the organisation
- Identify and recognize Transportation Management Strategic Key Decisions
- Explain, discuss and review the types of mode and intermodal systems
- Show and illustrate the International Commercial Terms in transportation and the liabilities
- Identify and review Hazardous materials transportation.