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Procurement & Logistics

Supply Chain and Inventory Management




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.

Targeted Groups:

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

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 Competencies:

  • Supply chain management
  • Warehouse design
  • Warehouse operation
  • Inventory management

Course Content:

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