Course Introduction :
The management of the flows of materials, finished goods and related information to maximize the value of these activities for suppliers, companies, resellers and final consumers is vital for success in today’s fast-moving and cost-conscious economy. Organizations must coordinate operational and strategic activities across all business functions within and outside the enterprise to improve long-term performance and meet customer needs. This can only be achieved by using a total systems view of the relationships in the chain and making sure that all the parts work together efficiently and effectively. The resulting cost reduction, speed and perception of value differentiates world-class companies from those that struggle under the weight of unnecessary expenses, movements, bottlenecks and handling.
In this seminar you will learn about the units within organizations that are linked upstream and downstream to provide the products, services, information and finances from the source to end-user customers. You will also learn about the management of this chain, the planning and management of all activities involved in sourcing, procurement, conversion and logistics management, in addition to the coordination and collaboration that must exist between suppliers, intermediaries, third-party providers and customers. By focusing on business objectives, risks and leading practices that define essential control activities, internal auditors will acquire the skills to confidently audit their supply chain activities.
Who should attend?
Senior Auditors; Internal and External Auditors; Audit Managers
Prerequisites
Fundamentals of Internal Auditing (OAG101), Auditing the Manufacturing Process (OAP231) or equivalent experience.
Course Outline
- Defining the Key Elements of Supply Chain Management and Strategies
- Key Problem Areas, Essential Documentation and Audit Testing
- Flexible and Agile Manufacturing
- Distribution Strategies
- Information Technology and Management
- Cash Flow Implications
- Globalization and its Compliance, Operational and Strategic Implications
- Forecasting
- Customer Relationship and Service Management
- Demand Management and Order Fulfillment
- Supplier Relationship Management (SRM)
- Product Development and Commercialization
- Warehousing and Inventory Management
- Returns Management
- Value Stream Mapping and Analysis: Lean Production and Processes to Eliminate Waste