Supply Chain Management

Get course
Enrolled: 116 Learners
Duration: 5 Weeks
Lectures: 29
Level: Advanced
Supply Chain Management

Supply chains encompass the companies and the business activities needed to design, make, deliver, and use a product or service. Businesses depend on their supply chains to provide them with what they need to survive and thrive. Every business fit into one or more supply chains and has a role to play in each of them. The pace of change and the uncertainty about how markets will evolve has made it increasingly important for companies to be aware of the supply chains they participate in and to understand the roles that they play. Those companies that learn how to build and participate in strong supply chains will have a substantial competitive advantage in their markets. Supply chain management (SCM) is the discipline that manages supplies and processes through all of the stages of a project, product or business deliverable.

Business material has a journey as it moves from one state to the next until it’s ready to be delivered to the customer or stakeholder. Then there’s the logistics of taking the finished product from one place to another. Getting through these various stages efficiently requires control that’s where supply chain management comes in. Every aspect of business is managed to make the most of the resources involved and be as productive as possible. People are managed and supplies require management as well. Whether those supplies are goods or services, they must be accounted for and carried through from start to finish with deliberate control.

Supply Chain Management (SCM) maximizes profit by integrating three key flows across the boundaries of the companies that form the supply chain: flow of value (product/materials), information, and funds. Successful integration or coordination of these three flows produces improved efficiency and effectiveness for business organizations. In theory, supply chains can work as cohesive, singularly competitive units similar to a large, vertically integrated firm, without significant financial investments by the members of the chain.

The basic difference between vertically integrated firms and a supply chain is that firms in a supply chain are relatively free to enter and leave supply chain relationships if these relationships are no longer proving beneficial. This poses challenges; supply chains are often very dynamic or fluid, partners can change, each partner will look out for its long term advantage, and this can also cause problems in effectively managing supply chains. While supply chain management may allow organizations to realize the advantages of vertical integration, certain conditions must be present for successful supply chain management to occur. It also creates competition amongst supply chains and supply chain partners, therefore, supply chains can operate more effectively than many vertically integrated conglomerates.

Upon Completion of this course, learners will be able to:

  • Understand supply chain management and process involved.
  • Describe how supply chain networks operate.
  • Explain different aspects of supply chains management.
  • Describe what is meant by integrated supply chain networks.
  • Describe best practices in supply chain networks.
  • Understand how sustainable supply chain management works.
  • Explain Procurement Management
  • Describe Warehouse Management
  • And many more

SECTION 1: OVERVIEW OF SUPPLY CHAIN MANAGEMENT

1
What is a Supply Chain?


2
Supply Chain Management


3
Supply Chain Management Process Flow


4
Decision Phases


5
The Make Vs Buy Decision


6
Networks Design and Optimization Models


7
Quiz
10 questions

SECTION 2: CORE ASPECTS OF SUPPLY CHAIN MANAGEMENT

1
Key Decisions and Practices in Supply Chain Management


2
Supply Chain Inventory Management


3
Supply Chain Integration


4
Role of IT in Supply Chain Management


5
Agile and Reverse Supply Chains


6
Quiz
10 questions

SECTION 3: SUSTAINABLE SUPPLY CHAIN MANAGEMENT

1
Supply Chain Management and Sustainability


2
Concept of Sustainability


3
Obstacles for Sustainable Supply Chain


4
The Triple-Bottom Line Approach


5
Quiz
10 questions

SECTION 4: INVENTORY MANAGEMENT

1
Introduction to Inventory Management


2
Manufacturing Organization


3
Conflict of Objectives


4
Simple Inventory Replenishment Methods


5
Quiz
10 questions

SECTION 5: WAREHOUSE MANAGEMENT

1
Warehousing


2
Types of Warehouses


3
Factors to be Considered While Initiating Warehouse Operations


4
Stores Management and Operation


5
Quiz
10 questions

SECTION 6: PROCUREMENT MANAGEMENT

1
Introduction to Procurement Management


2
Procurement Management Process


3
Procurement Contract and Supply Chain Management


4
Procurement Process Flow


5
Mapping a Procurement Management Process


6
Wrapping Up


7
Quiz
10 questions

Be the first to add a review.

Please, login to leave a review
Supply Chain Management
Price:
NGN80,000 NGN40,000