Supply Chain Training

Supply Chain Training

Supply Chain Training

Superior supply chain training is widely available internationally, either delivered in open public courses or customized specifically for corporate in-house use. You are advised to research carefully what is available making sure that the organization you select for training has the expertise in the functions that you require.

A vital element in the supply chain is purchasing, also called sourcing or procurement, where it is recommended that aspiring professionals study up to an advanced level. Training in this field covers the whole range of competencies in purchasing including supplier selection, cost reduction techniques, and contracting. New trends that are of topical interest can be structured into a course that will address specific issues for your company such as:

Low cost country sourcing from China, India etc.

Understanding Total Cost of Ownership (TCO) of a commodity

Using e-procurement (on-line bidding) to create efficiencies

New supplier evaluation and on-going supplier development

Supplier management and performance monitoring (KPIs)

Many academies and universities supply educational opportunities in supply chain. However, to access the latest thinking and understand the up-to-date technologies available it is advisable to find an established and knowledgeable supply chain training consultancy that has specific experience and skill that it can apply to your industry or your geographic region. Some aspects of the supply chain are quite technical and need experts to explain certain applications and processes. In-house training can be developed to assist with value analysis and innovation within the entire supply chain, from the early stages of forecasting and planning through to manufacturing, warehouse management, inventory control and logistics.

Leadership training is as important in supply chain as any other business functional area. To be a supply chain manager or director means that you have to learn how to integrate all aspects of the supply chain to deliver optimum performance. Some of the competencies that will be sought after in the supply chain function in the future will be technology-based so I.T. skills will be key. People with experience in computer simulation, financial modeling and statistical analysis will attract a premium.

The global marketplace is changing rapidly and supply chain professionals need to understand their customers, both internal and external as well as their suppliers. Working across many countries and regions of the world using the new connectivity provides challenges not known a decade ago. Training can be structured to address cultural and language issues to enhance communication in your company. It is important to work with a professional and specialist supply chain training company that can fulfill your particular needs.

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