Technology and Cost Management in the Supply Chain

About this course:

Many supply chain practitioners do a competent job of converting organizational requirements to purchase orders, sourcing and selecting suppliers and developing operational schedules. In today's rapidly changing technological and financial environment, however, supply chain professionals need to do more. They need to understand the role that information technology plays in purchasing and, specifically, how to use enterprise resource planning (ERP), bar coding, electronic data interchange (EDI) and electronic commerce (e-commerce). Employees in the supply chain need to evaluate suppliers' capabilities by investigating their commitment to Six Sigma, statistical process control (SPC) and ability to maintain a quality system (ISO 9001). Supply chain professionals must also have a firm grasp on how their job duties affect organizational financial activities and be able to assess suppliers' financial health. This course provides essential information that elevates a supply chain practitioner to the next level. Instruction assists them in assimilating new information in the areas of information technology, quality, logistics, inventory and financial management.