Supply chain cost control for reducing the end product cost
What you'll learn
- Product Costing
- Supply chain cost elements
- Case study from Coca Cola
- New definition of Sustainability after covid-19
- A case study from a cookie manufacturer on how process improvement can lead to supply chain cost reduction
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
- 3.9 Instructor Rating
- 351 Reviews
- 2,689 Students
- 5 Courses
Mr. Veilumuthusamy Gopalakrishnan is a Supply Chain Management consultant and Corporate trainer who has conducted over 1000 Hours corporate training's in 12 countries for over 10000 working professionals across the globe. He has received a Certificate from the Government of USA, SIGNED BY THE HONORABLE PRESIDENT OF THE USA, for successfully completing the Prestigious Fulbright program at Cornell University in USA. In his 15+ years of teaching and consulting experience, he has been offering SCM consulting and Corporate training services to various organizations which include Fortune 500 companies, Non-Profit Organizations and Micro Small and Medium Scale companies in Emerging Economies.
He is also the Founder & CEO of Global Operational Excellence Solutions (GOPS). The objective of GOPS is to provide world class corporate training and consultancy services to Professionals and Students, and to share his rich international Supply chain Consulting experience and Global best practices with the working professionals, thereby improving their overall performance for a better corporate growth. Better Industrial growth translates to better economic growth.
Gopalakrishnan is a humble, down to earth and easily approachable person. He is a person with a good sense of Humor. He is married and has a son. He is a marathon runner and has participated in several marathon events across the globe. He has a Bachelors degree in Mechanical engineering, MBA in Supply chain from Anna University, India and Strategic Business Management Certificate from Cornell University, USA. He was a University Top rank holder and a Gold medalist.