Supply Chain and Inventory Management

Overview:

Introduction:

In today’s competitive environment, the best supply chain will win. The chain that offers the highest value to its customers will have a competitive advantage. This requires a broader outlook than just the borders of the company. Indeed, it requires full visibility of all the players in the supply chain.

Course Objectives:

At the end of this course the participants will be able to:

• Define and understand the concept of a Supply Chain
• Understand the role of inventory in the Supply Chain
• Determine the number of spare parts required
• Determine the optimal inventory solution for spare parts
• Implement creative ways of reducing working capital

Targeted Audience:

• Procurement Professionals
• Supply Chain Professionals
• Senior Buyers
• Purchasing Professionals
• Inventory Managers
• Warehouse & Stores Managers

Course Outlines:

Unit 1: The Concept of the Supply Chain:

• Historic overview of ancient supply chains
• The concept of a Supply Chain
• The five basic processes in a Supply Chain
• Concept of the Value Chain
• Performance measures in Supply Chain Management

Unit 2: Supply Chain Planning:

• Setting up the infrastructure
• Manufacturers
• Warehouses
• Transportation
• Retailers
• Different Supply Chain scenarios
• Advance Planning and Optimisation
• Inventory decisions in Supply Chain
• Forrester effect

Unit 3: Supply Chain Simulation:

• Comprise of a Supply Chain simulation demonstrating the interaction between the different entities in the chain.
• First-hand the working (or not!) of a supply chain.
• Analysis and lessons learned

Unit 4: Inventory Decisions in Supply Chain:

• Analyzing demand patterns
• The effect of information on the Supply Chain
• Inventory decisions:
• What to stock
• Where to stock
• How many to stock

Unit 5: Linking the Supply Chain Processes:

• Procurement
• Operations
• Warehousing & Distribution
• Transportation
• Return/recycling