In today’s competitive environment, a sustainable supply chain is critical to the organization’s survival and ability to gain or maintain a competitive advantage. However, a volatile and uncertain global economy, growing demands for environmental protection, increasing resource scarcity, and an era in which consumers seek on-demand goods and services — are having profound effects on supply chain dynamics.
To address these challenges and achieve supply chain success, organizations need to:
- Implement end-to-end supply chain risk management to reduce vulnerability to supply chain disruptions.
- Improve internal supply chain capabilities to enable efficient cross-functional and process integration within the organization and more effective collaboration with external supply chain partners across the extended supply chain.
- Maximize upstream and downstream supply chain flexibility to rapidly adapt to changes in customer demand, meet customer’s needs for customized, innovative products and services, and achieve true competitive advantage.
- Improve accuracy in supply chain planning to respond effectively to demand and supply volatility.
- Fine-tune supply chain strategies and configurations to reduce operating costs and improve process optimization. In this regard, internal audit can play an essential role by assisting senior management in their efforts to improve supply chain performance and achieve supply chain excellence.
- To meet this challenge, internal auditors need to view the supply chain as an integrated process and evaluate supply chain performance from a strategic and holistic perspective as opposed to auditing supply chain functions and processes individually and from a tactical perspective.
Through group discussions and focused activities, participants will:
- Explore core concepts such as the nature, objectives, and benefits of supply chains; the successive stages of the supply chain; the network of extended supply chain processes; and the types of supply chain configurations.
- Discover the linkage between the organization’s business strategy and supply chain strategy, and the key enablers of supply chain excellence.
- Review the effects of emerging supply chain risks, trends, and best practices on supply chain operations and management.
- Construct a framework and criteria to analyze and evaluate the organization’s supply chain strategy, operations, and performance effectiveness.
This course is most appropriate for chief audit executives, audit managers, and auditors-in-charge with over two years’ practical auditing experience who are looking to actively assist the organization in its effort to enhance supply chain performance and better manage increasingly complex and pervasive supply chain risk.