Introduction

In today’s dynamic and highly competitive global business environment, organizations are under constant pressure to deliver value to customers while maintaining profitability. One of the most critical areas where this balance can be achieved is within the supply chain.

The supply chain encompasses a wide range of activities including procurement, production, inventory management, transportation, warehousing, and distribution. Each of these components carries significant cost implications that, if not properly managed, can erode organizational performance.

In many organizations, especially within developing economies such as Nigeria, inefficiencies in supply chain operations often lead to high operational costs, waste, delays, and reduced service levels. Factors such as poor demand forecasting, weak supplier relationships, inadequate inventory control systems, and inefficient logistics networks contribute to escalating costs.

Managing costs in the supply chain is therefore not merely a cost-cutting exercise but a strategic function that requires a holistic understanding of the entire value chain. It involves identifying cost drivers, analyzing trade-offs, leveraging technology, and implementing continuous improvement strategies to enhance efficiency and competitiveness.

This training program is designed to equip participants with practical knowledge, analytical tools, and modern strategies required to effectively manage and optimize costs across the supply chain. The program combines theoretical insights with real-world applications, ensuring that participants can immediately apply learned concepts within their organizations.

Objectives

At the end of this training, participants will be able to:

• Understand the structure and cost components of supply chains
• Identify key cost drivers and inefficiencies
• Apply cost reduction and optimization techniques
• Use data and analytical tools for decision-making
• Improve procurement, inventory, and logistics performance
• Implement sustainable cost management strategies

Course Content Synopsis

Module 1: Fundamentals of Supply Chain Cost Management

Module 2: Procurement and Supplier Cost Optimization

Module 3: Inventory Cost Management

Module 4: Transportation and Logistics Cost Control

Module 5: Warehousing and Distribution Efficiency

Date/Duration

May 25–29, 2026 / 5 days

Venue

DANEMA INTERNATIONAL HOTEL, Benin City, Edo State

Target Participants

Cost managers, Accountants and auditors, Finance managers and controllers, Internal and external audit teams, Compliance officers and risk analysts.

Participation Fee

₦250,000 per participant covering materials, tea/lunch breaks, bag, certificate of attendance.

Method of Payment

Payment for the programme should be made through the INSTITUTE OF COST MANAGEMENT NIGERIA First Bank of Nigeria, Account number 2005445781.

Training Methodology

The training will adopt a highly engaging approach, including:

• Real-life case studies
• Group discussions and breakout sessions
• Practical exercises and simulations
• Industry-specific examples (with Nigerian context)
• Q&A and experience sharing

Resource Persons

Lead Resource Person

Hon. Victor Nosa Omoregie, FCA, FCCM, MBA, MTM, MTech, PhD (in view)

Supported by

• Chief Dr. Sunny Paul Omekwe, FCCM, MSc, PhD
• Dr. Sunny Maduka FCCM, PhD
• Dr. Ogunleye Olushola, FCCM

Induction Date

June 10, 2026

Induction Venue

Physical: Benin City

Online

Conclusion

In an era where margins are shrinking and rising customer expectations organizations must adopt proactive and strategic approaches to managing supply chain costs. Effective cost management goes beyond reducing expenses—it involves optimizing processes, improving resource utilization, enhancing supplier collaboration, and leveraging technology to drive efficiency.

This training program provides a comprehensive platform for professionals to develop the competencies required to identify inefficiencies, analyze cost structures, and implement sustainable cost optimization strategies. By integrating best practices with practical tools and real-world case studies, participants will gain actionable insights that can significantly improve supply chain performance.

Organizations that invest in building capacity in supply chain cost management stand to benefit from reduced operational expenses, improved service delivery, increased profitability, and enhanced competitive advantage.

We are confident that this program will deliver measurable value and contribute meaningfully to the strategic objectives of your organization.