This module covers the major issues in Global Supply Chain and Operations Management, including the definition of operations and supply chains; the role of inventory, capacity and information; operational indicators; disruption and distress indicators; valuation skills; lean management; risk analysis; sourcing contracts; supply chain partners; quantitative modelling.
Matching supply (produce development and operations management) with demand (marketing and brand management) is an important strategic challenge in global supply networks: excess supply can lead to costly inventory write offs, while inadequate supply irritates customers and results in lost revenue.
To gain competitive edge in the current market place, supply chain management has emerged as a major area for companies. Managing supply networks is a complex and challenging task, given the current business trends of expanding product variety, increasing outsourcing, globalisation of business, and continuous advances in information technology. Matching supply with demand is an important strategic challenge in today's global business environment: excess supply and capacity can lead to costly inventory write offs, while inadequate supply and capacity irritate customers and results in lost revenue.
To gain a competitive edge in the current market place, operations and supply chain management has emerged as a major means for private equity investors, venture capitalists, analysts, entrepreneurs, management consultants, and top management to examine business performance.
Achieving superior performance through operational efficiency is a complex and challenging task, given the current business trends of expanding product variety, increasing outsourcing, and continuous advances in business analytics.
Global Supply Chain and Operations Management module concerned with the efficient integration of suppliers, manufacturing, warehouses and stores. In fact, the aim of this module is that "the supply chain encompasses all of those activities associated with moving goods from the raw-materials stage through to the end user."
Today's Supply Chain learning challenges are:
- A global supply chain with long lead times.
- Rising and shifting customer expectations.
- The increase in labour costs in developing countries.
- The increase in logistics costs.