Programme topic
Young Entrepreneurs Training Programme

Programme start date
9 March 2020

Programme duration
2 weeks

Programme venue
Hamilton House, King’s Cross, London

Programme prerequisites
Participants must have obtained a recognized qualification equivalent to A-level (or intermediate examinations with good grades). Participants should be at least eighteen years of age.

Faculty
LSET faculty will teach the programme. However, some guest lecturers, including eminent industry leaders, are asked to share their experiences.

Invitation letter
Once applications are approved and agreed fees are paid, visa support documents are issued to all participants. Students are asked to apply for a short-term student visa at their nearest British High Commission or consulate.

Requirements for short-term study visa

• A valid passport
• Letter of enrolment or any other admission confirmation letter issued by an accredited UK institution
• Confirmation of accommodation
• Proof of necessary funds held in the student’s or parent’s or sponsor’s account
• An affidavit of support from the parents or sponsors
• Student’s past academic progress and a letter of confirmation from the current institution

Student accommodation
LSET has ties with various accommodation providers. Subject to availability and requirements, accommodation units can be booked in advance. Some accommodation units are single and others are shared units with other participants.

Depending upon the accommodation type, there are provisions for self-catering, but in-room dining can be served to all participants for dinner at an additional cost. Complementary sandwiches and snacks are provided for lunch during the training session. Full details of all amenities are usually mentioned in the admission confirmation letter issued by LSET.

• Improve sales and operations and production planning:

  The teams focused their efforts on a few of the highest-value S&OP levers in order to review the current planning process, identify gaps in the planning infrastructure and analytically understand demand and supply variability.

• Determine the right inventory level:

  With hundreds of medications in the market, Pharm Ltd. needed a proper method to predict and manage their inventory. Using a mean absolute percentage analysis (MAPE), the teams defined appropriate levels for raw materials and finished products by mapping actual versus forecasted sales on the most important SKUs.

• Optimize the supply chain for perfect order planning:

  The diagnostic determined the stressors that affected sales and service levels. The teams focused on resolving issues related to higher-than-normal back-orders and lead times, which stressed the entire supply chain and led to delays in medications reaching consumers.