LUMS launches resilient supply chains programme

Lancaster University Management School has launched a new, fully-funded programme designed to help SMEs tackle supply chain issues.

Developed by business expert Mark Prince, the Resilient Supply Chains programme will help SME leaders to transform broken supply chains into profit by turning product shortages into an asset, simplifying product lines and minimising supply chain troubles.

The programme is delivered online via three half-day workshops, strarting on 12 May.

Alex Errington, project manager at Lancaster University Management School, said: "Our Resilient Supply Chains programme is highly interactive and will give managers the time to step away from the day-to-day running of their business and reflect on their strategy – moving away from fixing the unfixable supply chain and onto profiting from it.

"The sad fact is that the uncertain world we now live in doesn’t seem to be going away. Small businesses need to navigate this instability as if it is here to stay - and find a way to thrive rather than survive.

“Through our workshops, participants will get the chance to review business models that thrive on uncertain supply and variable lead times and look at the management of price and mismatched supply and demand to broaden their perspective and show where opportunities may lie."