Cost & Price Strategies
Cost-Effective Supply Chain Management
This is a unique, hands-on educational program that explores all aspects of lean supply chain management. Includes interactive exercises demonstrating how purchasing and operations professionals can slash waste from a global supply chain.
Who Should Attend
Experienced professionals interested in learning strategies to optimize a lean supply chain.
You Will Learn
- To use value analysis and identify key value drivers and risk factors in your supply chain
- To understand the principles of thinking lean and to apply lean tools to take advantage of efficiency opportunities
- To manage supply chain assets and to identify ways to generate supply chain competitive solutions
- To apply total cost concepts in supplier selection and to develop a workable and meaningful measurement system
- Identifying key competencies and weaknesses across your supply chain; Evaluating risk and value in your supply chain; Understanding key value drivers and value enablers; Key components of a value proposition; Developing a supply chain value proposition; Identifying critical success factors; Considering implications to key stakeholders; Developing a lean supply chain strategy according to organizational objectives; Understanding corporate cultural differences in the supply chain
- Principles of lean thinking; Applying Kaizen principles to supply chain management; Cycle time reduction tools; Leadtime analysis; Communication; Risk mitigation strategies; Logistics: Warehousing, domestic and global transportation, documentation requirements and costs, third-party logistics, reverse logistics; Tips for trimming waste throughout the chain; Tips for eliminating barriers and non-value-adding steps; Tips for accelerating flow in each link of the chain; Integrating outsourcing into your lean chain; Identifying efficiency opportunities in freight, inventories, flows and systems
- Developing sourcing and contracting strategies; Forming lean supplier partnerships; Building an integrated supplier network; Building a supplier data warehouse; Involving suppliers earlier in new product development; Using supply chain assets collectively; Using your resources to help a supplier
- Streamlining the make-versus-buy decision (manufacturing industries); Streamlining the internal-versus-outsource decision (service-related industries); Procuring services with statements of work; Standardization; Simplification; Realistic strategies for JIT sourcing; Lean inventory tracking methods; Eliminating barriers to continuous material flow; Making effective use of contract manufacturers and turnkey service providers; Integrating EDI or Web-based procurement into your overall strategy; Forming a proprietary "extranet"
- Measuring supply chain performance for continuous improvement; Defining objectives and critical success factors for the measurement system; Gathering marketplace information; Finding potential benchmarking partners; Cost modeling; Target costing, setting specs, calculating target costs, cost-based pricing, design or purchase; Non-price cost issues