Sourcing & Supply Chain Management

Strategic sourcing in supply chain management moves beyond the linear thinking of incremental, short-term improvements in productivity and efficiency to address the longer-term, exponential changes that organizations must make in order to manage the complexity of todays fluid network of suppliers and customers. Based on the latest research focusing on companies achieving outstanding performance using innovative supply chain strategies, the program explores the optimization of value to the customer through carefully orchestrated collaborations, services, and linkages. Participants will leave the program armed with the knowledge of how to create new ways of doing business, improve outsourcing processes, design smarter interfaces, recognize opportunities for aftermarket services, develop mutually beneficial long-term relationships with customers and suppliers, and manage the internal changes necessary to make it all happen.

The function of logistics and supply chain management is to design and manage the processes, assets, and flows of material and information required to satisfy customers demands. Supply logistics related costs account for 20-25% of a typical firms total cost. On the revenue side the supply chain decisions have a direct impact on the market penetration and customer service. Globalization of economy and electronic commerce has heightened the strategic importance of supply chain management and created new opportunities for using supply chain strategy and planning as a competitive tool. Electronic commerce has not only created new distribution channels for consumers but also revolutionized the industrial marketplace by facilitating inter- firm communication and by creating efficient markets through trading communities. Moreover combination of enterprise information infrastructure and the Internet has paved the way for a variety of supply chain optimization technologies.

Supply chain management demands a unique blend of forecasting, inventory management and well designed performance measurement system. The collaboration is the key, which demands transparency among various supply chain members. The information visibility, needed for this transparency is well supported by the recent technological advancements. A practicing supply chain manager must know the value of collaboration, information visibility and forecasting to design a well performing supply chain.

The program would be addressing the following issues:

Introduction to Supply Chain Management

Supply Chain Processes, Drivers

Strategic Sourcing: Models, Frameworks & Technology

Problems and Obstacles in Supply Chain

Achieving Strategic fit and Scope in SCM

Sourcing Chessboard, Supplier Evaluation & Selection

Supplier Development & Integration

Recent Trends and Best Practices in Supply Chain