Innovation and Supply Chain Technology

About the Course

When most people think about innovation, they immediately think about creating new business models or designing new products. However, innovation is not just that. It is also the continuous improvement of your business operations and processes. Based on this, it is easy to assume that innovation in supply chain management is superior to simple supply chain management. Supply chain innovation is based on getting the best suppliers and materials. Instead, companies should try to work with suppliers to innovate in safer and better ways so that they can continue to develop and deliver services and products. Here we will discuss their implementation, along with supply chain innovation examples. Every product used today is the result of a supply chain – a complex series of steps that turn raw materials into the final products we use. Managing these supply chains has become more challenging due to modern technologies and trends, such as the 24-hour economy and a focus on sustainability.

In this course, you’ll discover the importance of managing supply chains, and how to overcome key challenges. You’ll understand how the global supply chain has become what it is today and how sustainable supply chain innovations can be implemented. Delving into different processes, you’ll finish the course with the knowledge of how supply chains can meet future economic, environmental, and social requirements.

Core Objectives

The delegates will achieve the following objectives:

• Understand the various types of innovation in Supply Chain Management
• Identify where and how procurement can provide direct value across the organization
• Emphasise the importance of having the proper people involved in organisation-wide projects
• Develop the knowledge and importance of measuring performance and the data used to do so
• Knowledge of and tactics for how procurement can continue to evolve in business
• Become familiar with the various new market dynamics
• Develop a working knowledge of Big Data and AI

Training Approach

The training course will primarily utilise PowerPoint presentation material, and video clips where applicable, delegate internet research and facilitate classroom group activities. The course can be delivered either virtually (via video comms) or through face-to-face classroom activity.

The Attendees

Likewise, it will be valuable to the professionals but not limited to the following:

• Supply Chain Professionals
• Logistics & Procurement Professionals
• IT Professionals
• Quality Professionals
• Operations Manager
• Project Managers
• Anyone involved in the Supply Chain Process (Logistics, Procurement, Warehousing& Distribution)

Daily Discussion

DAY ONE: INNOVATION IN THE SUPPLY CHAIN

• Types of Innovation
• Main design aspects of SM that can be innovated
• Matching the Right Product to the Right Supply Chain Partner Subtopic
• Developing a Digital Platform
• Developing a Robotic Supply Chain Solution
• Onset of automation

DAY TWO: ENTERPRISE-WIDE PROCUREMENT

• Streamlining capital expenditures
• Improving redeployment of used assets
• Reducing total capital spending cost
• Lowering costs – especially for indirect materials, direct materials, and freight
• influencing new product and service development
• Invisible Procurement through alignment

DAY THREE: STRATEGIC IMPORTANCE OF HUMAN RESOURCES

• Ability to exert influence
• Building strong relationships
• Solid understanding of sourcing and procurement
• Self-awareness, humility, and curiosity
• Unwavering focus on results and customers
• Demonstrating value through quantifiable numbers.

DAY4: DATA & MEASUREMENT ARE MANDATORY

• Key performance indicators (KPIs) to consider
• Impact of Total Cost of Ownership (TCO) on strategic sourcing
• Determining successes
• Process standardization
• Comparing performance data from both before and after the project
• Continuing improvement (kaizen)

DAY FIVE: THE INNOVATIONS OF TOMORROW

• The future of procurement
• New market dynamics
• Big Data and AI
• Internet of Things (IoT)
• Blockchains and cryptocurrency
• Augmented human being
• Sustainable development
• In conclusion