Logistics management is the part of the supply chain process that plans, implements, and controls the efficient, effective flow and storage of goods, services, and related information from the point of origin to the point of consumption to meet customer requirement. When done right, supply chain and logistics management can be a harmonious symphony of vendors, truck and warehouses. All parts work together to ensure the product is delivered undamaged, on time and to the customer. On the other hand, an incoherent, poorly planned, and ineffective supply chain can potentially deal a fatal blow to the average small and medium-size company. Products lost in transit, sent to the wrong location and unexplained charges on customer receipts can all cause anguish that's strong enough to push customers to the competitor.
The principal purpose of logistics is to get merchandise from one location to another. However, beyond this basic goal, you must determine what your overarching business strategy and defined your logistics goals accordingly. Do you intend to offer the best delivery times in the market? Would you want to be the one that charges the least? Whatever your target, there'll be a price to pay. The key is striking the right balance. For example, if you want faster delivery times, you'll likely need to spend above average on transportation. If you want to be the low-cost provider, you'll have to identify non-core expenses to cut back on, even if this comes at the price of longer lead times.
Objective:
This course provides participants with an in-depth:
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Understanding of the historical development of Logistics Management as a core Business Strategy and its integration into Supply Chain management.
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Review of the critical success factors of Logistics Management within the Supply Chain Strategy from the Value Chain concept, through to establishing effective process and informational flows, and concludes with improving logistics and supply chain resilience in the face of global change and threats both current and future.
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Explore in detail the Total Cost Management of Logistics and why it has been neglected over years. It will further review the significant savings that can arise from the effective control of cost within the logistics pipeline.
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Identify and review the key elements within successful logistics and supply chain management including: forward demand planning techniques and approaches, effectively enhancing efficiency, managing bottleneck situations and concludes with the development and enhancement of effective risk management within the logistics and supply chain environment.
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Understanding of global logistics management, from the impacts upon supply chain efficiency, through to the use of hub strategies, and fleet management whether in house or via a 3PL or 4PL outsource arrangement.
The course will wrap with a summary of the key learning points, followed by an action planning exercise with a view to apply the acquired knowledge and skills immediately upon your return to work. Post-course support is also available in relation to the implementation of your action plan, up to six (6) months following course completion.
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London
12 - 16 Jun 2023
20 CPD hours
$4,900.00
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