Live-Online Training: N 145,125.00
Classroom Training: N 220,375.00
3 - 4 participants: 5% discount
5 or more participants: 10% discount

        (Available also for Customised Training by Duration, Venue & Fee)

Rationale for the Programme

The important part of the development of business enterprises cannot be separated from the effective management and controlling of its logistics costs.

There are many unnecessary costs in the process of supply chain logistics. Which means there is always room to improve cost management and control.

Whenever the logistics activities show an increasing trend, and logistics costs are gradually increasing, it affects the profitability and competitiveness of enterprises.

Course Contents

DAY ONE

Defining the Scope of Logistics

·         Inbound logistics

·         Outbound logistics

·         Self-logistics

·         Third-party logistics (3PL)

·         What is Logistics Cost

Composition of Logistics Cost

·      The process of procurement -  purchase logistics cost

·      The process of manufacturing - production logistics cost

·      The process of warehousing – storage and inventory logistics cost

·      The process of distribution and supply - transportation logistics cost

·      The process of retail - sales/service logistics cost

·      Staff and Labor cost component.

DAY TWO

Analyzing, measuring and finding a cost price for every process

·         Budgeting for logistics

·         Fixed logistics cost

·         Variable logistics cost

·         inventory holding cost

·         Transportation costs – primary, secondary

·         Inventory carrying cost

·         Administration cost

Cost Control Strategy

• Logistics business planning and budgeting
• Logistics cost report, monitor and control
• ROI calculation
• Freight Invoice verification
• Logistics payment status tracking

·         Calculating correct economic order quantity

·         Calculating the carrying cost of inventory

DAY THREE

Management of the Logistics Budgetary Pressures

·         Getting creative in logistics cost control

·         Costs of Self-Logistics

·         Outsourcing - the pros and cons of 3PL

·         Scrutinizing the quotations received from third party vendors

·         New technologies

·         Automating repetitive processes

·         Increasing the storage density

·         Cost savings with Preventive Maintenance

·         Improving consignments reception and dispatch processes

·         Measures and technology to raise delivery staff roads navigation.