Supply Chain Optimization Strategies
From the point of view of a manufacturer, its supply chain extends back through its component and raw material suppliers and forward to its customer. For a supplier, its customer is a manufacturer, so it is also part of a larger supply chain, ultimately the OEM’s.
The competitiveness of an individual manufacturer is greatly impacted by its supply base and its strategy for dealing with it. Manufacturers that look only at supplier capability, price, and service are missing an opportunity for competitive advantage through collaboration, integrated information systems, and risk management.
As a supplier in a Tier 1/OEM supply chain, small to mid-sized manufacturers (SMEs) have a similar opportunity to enhance competitiveness. Global success of U.S. manufacturing depends on the performance of supply chains. The transparent integration of companies contributes to world-class innovation, responsiveness to global market demand, quality improvements, sustainability, and other factors that differentiate companies from their competition.
MTS offers manufacturers a unique way of quickly focusing on the critical area of the supply chain with an approach that is strategic and constraints-based. This approach focuses on the entire supply chain rather than individual suppliers, and is intended to improve the speed of delivery of the supply chain, improve collaboration, reduce risk, and decrease overall total cost.
Manufacturers that excel with this optimization can expect to be better positioned to develop, source, manufacture, and distribute superior products at lower total costs; increase revenue, profit, and shareholder value faster than competitors; more effectively anticipate required future capabilities; and better qualify suppliers to meet these needs.
Supply Chain Optimization for Leaders
This sessions focuses on the critical components required to create and implement a supply chain plan that delivers higher value, including profitability and satisfaction, for every stakeholder within the system. By the end of the program, executives will better understand cause and effect within supply chains and have a clear strategy for improving supply chain performance.
Supply Chain Risk Management
Evaluating, assessing, and prioritizing the probability of unexpected events are part of Risk Management, which is essential for an effective supply chain. This session helps participants create a risk impact analysis, including the financial implications of unexpected events.
Supply Chain Total Cost of Ownership (TCO)
TCO is a method for quantifying the costs for every activity along the supply stream, including acquisition, transportation, storage, and selling of goods. TCO allows strategic sourcing decisions to incorporate social costs, which historically have been difficult to assess. The working session also introduces a TCO calculator, which allows a side-by-side comparison of up to four suppliers and the analysis of multiple sourcing scenarios.
Supply Chain Management
Supply Chain Management is integrated into a Business. A business, at a very high level, can be thought of as a set of processes developed to successfully execute a customer-focused value proposition. The business supply chain begins and ends with the customer.
Supply Chain Management (SCM) is an essential practice in a business to ensure that the supply chain is operating as efficiently and effectively as possible and generating the highest level of customer satisfaction at the lowest cost.