Supply Chain Workshop: Reducing Costs & Improving Profitability

Date: 26th March 2024

Venue: NWRC, Springtown Campus

Time: Registration from 09:30 – Start 10:00hrs. Tea and Coffee on arrival

9:30 – 13.00 followed by networking lunch

Workshop Overview

In partnership with GEMX, Invest NI Supply Chain Solutions Team is hosting a Supply Chain workshop for members of the
collaborative network.

This workshop will outline the essentials of Supply Chain Cost reduction including current best practice and provide practical
steps that you can take to:

• Reduce cost and improve cash flow
• Improve supply chain performance, reliability and reduce risks
• Increase the competitiveness of your business through more effective management of supply chain related costs
• Improve your overall business profitability.

This workshop will highlight why a focus on supply chain cost reduction management and performance is important to the
success and financial health of companies given that an estimated 50% to 75% of the cost of doing business is influenced
directly by supply chains.

There will be an opportunity for 1-1s at the end of the workshop with experienced supply chain industry practitioners. This
will also be an opportunity to network with other local businesses in the network.

After the workshop, eligible network members will have the opportunity to receive further coaching/mentoring support from
the Invest NI Supply Chain Solutions team to address specific improvement projects within their business.

Additional Information:

Today’s global economic conditions and outlook have meant that businesses are experiencing the most challenging trading
environment in a generation. This for Supply Chain professionals requires a unique response to contain and reduce business
costs driven by lead time and material cost increases on a scale not experienced in recent times.

The workshop is designed to provide participants with training and practical insights on the process of eliminating excess
costs associated with your supply chain and its direct impact on your business. This includes the procurement, storage,
packing, and delivery aspects of your business management best practice which have been developed by experienced
industry practitioners.

The aim is to give participants sufficient knowledge to apply the learning within their supply chain function to support them
manage their costs more effectively.

Who Should Attend?

The event is by invitation only to GEMX collaborative network members and specifically aimed at individuals with
responsibilities relating to sourcing and procurement and driving supply chain improvements within the business.

If you would like to attend, please contact Joan.ohara@investni.com and include any dietary requirements.

Spaces are limited and will be offered on a first come first serve basis.