Skip to main content

Strategic Decision Making

Introduction

This particular module aims to enhance both the role of the supply chain within the business, establishing improved ambitious business directions, and developing the individual’s role in leading the consequent business improvements effectively, realistically, compliantly and in full alignment with business strategy and policy. The module introduces a variety of concepts models and frameworks to enable participants to understand and critically evaluate the strategic context and environment in which they operate. These can then be used to help managers in the supply chain to understand and derive appropriate approaches for their roles to align with and support the strategic objectives and direction of the organisation as a whole. The module addresses areas of overall strategy and links these to the strategy of the product portfolio, supply chain, risk, manufacturing and outsourcing and the application of these to the participant’s organisations.

The module is followed by an assessed assignment whereby the participants are required to demonstrate the achievement of specific learning outcomes. This requires the participants to apply the knowledge and techniques acquired during the module to a specific problem or issue in the workplace.

The module will contribute directly to equipping the participants with the skills and knowledge necessary to lead within a process based company.

Objectives

On completion of this module participants are able to:

  1. Critically evaluate the strategic context and competitive environment in which the organisation is operating in order to derive appropriate long-term strategic objectives.
  2. Understand and critically discuss value chain concepts together with associated global supply chain and sourcing strategies.
  3. Identify and critically evaluate optimal marketplace business positioning of a product, now and in the future, to ensure alignment with customer requirements and long-term business competitiveness; understand the implications of a varied product portfolio.
  4. Select and apply appropriate tools to derive an appropriately critically supported manufacturing strategy aligned with business strategy including tools assisting in-house versus outsourcing decisions.
  5. Select and apply appropriate risk management tools to derive an appropriately critically supported strategy for the avoidance / mitigation of business-related risks.
  6. In addition, the module is designed to further develop the participants’ key transferable skills and generic-academic capabilities in the following areas:
  • Verbal communication skills;
  • Ability to learn;
  • Written communication skills;
  • Ability for critical evaluation and analysis.

Contents

  • Global supply chain strategy (including in-house supply and outsourcing).
  • Product positioning including portfolio management.
  • Elements of manufacturing strategy.
  • Risk & contingency.
  • Brief introduction to ‘Business Case’.
  • Competitive advantage through Manufacturing.

Assignment: 6,000 words