Supply chain cost control for reducing the end product cost
Requirements
- Basic understanding of business operations
- Manufacturing background is an added advantage
Description
In a recent interview with CNBC, Apple CEO Tim Cook said that supply chain shortages cost Apple around $6 billion in the quarter Q4 - 2021. In the interview, Cook explained that Apple faced “larger than expected supply constraints” during the quarter. He said: "We had a very strong performance despite larger than expected supply constraints, which we estimate to be around $6 billion,” Cook told CNBC’s Josh Lipton. “The supply constraints were driven by the industry wide chip shortages that have been talked about a lot, and COVID-related manufacturing disruptions in Southeast Asia.”
Cook said that the supply issues were with chips were on “legacy nodes,” or older chips, instead of the technologically advanced processors at the heart of Apple’s devices. Not just Apple, many companies face similar situations in their supply chain. This course will help in understanding the supply chain cost elements and explains how companies can respond to such cost increases. The course covers the following topics:
1. Understand what Product costing means
2. Learn how CEOs of various companies responded to the cash crunch during the pandemic
3. Understand the Supply chain cost impact on the product cost
4. See how Coca-Cola got affected during the pandemic (case study)
5. What are the trends of Supply chain cost control in this post covid-19 world
6. Cost impact of supply chain decisions
7. Adding agility to the operations
8. Changing definitions of sustainability and way forward
Who this course is for:
- Cost Managers
- Supply chain team members
- Accounts and Finance team
- Product pricing team members
- Chartered Accountants and students
- Production or Factory managers
Instructor
![Gopalakrishnan Veilumuthusamy](data:image/svg+xml,%3Csvg xmlns="http://www.w3.org/2000/svg" viewBox="0 0 64 64"%3E%3C/svg%3E){kind=avatar}
- 4.2 Instructor Rating
- 797 Reviews
- 5,128 Students
- 6 Courses
I am a Management Expert and a Sustainability consultant with 16+ Years of Rich experience in 15 countries. My career has been centered around Socio economic value creation, Safety, Environment and Efficiency improvement in Asia and Africa. My expertise includes: Sustainable Development Goals (SDG's), Environmental Management, ESG, Socio-economic initiatives management, Employee safety, Ethics and Corporate Governance. In march 2021, I was awarded a Positive Change Ambassador Badge from Rotterdam school of Management, Erasmus University.
I am also the Founder & CEO of Global Operational Excellence Solutions (GOPS). The Purpose of GOPS is to play my tiny little role in our planets journey towards achieving UN Sustainable Development Goals.
I am a humble, down to earth and an easily approachable person with a good sense of Humor. I am married and we are blessed with a son. I am also a marathon runner and I have participated in several marathon events across the globe. I have a Bachelors degree in Mechanical engineering, MBA in Supply chain from Anna University, India and a Hubert Humphrey fellowship Certificate from Cornell University, USA.