INTRODUCTION
In today’s
competitive environment, the best supply chain will win. The chain that offers
the highest value to its customers at the most efficient cost will have the
competitive advantage. This requires an in depth understanding of the
individual Supply Chain elements, key optimisation and efficiency for each and
ensuring that there are robust links between each element and inventory
management so that they integrate seamlessly and efficiently to deliver
optimal cost and fulfill the organizations promise of value. In this programme
you will study:
·
The
various processes in the Supply Chain
·
The
structure of a Supply Chain
·
What
makes a Supply Chain successful?
·
The
role of inventory and effective Warehouse management in the Supply Chain
·
Achieving
maximum performance in inventory control
·
Understanding
and implementing the skills needed for managing and controlling warehouses and
inventory in the supply chain
WHO SHOULD ATTEND?
·
Professionals
involved in supply chain decisions
·
People
responsible for the planning, execution and control of a supply chain at both
warehouse, logistics and inventory levels
·
Stakeholders
in the supply chain who have a responsibility for warehouse and inventory
mangement
PROGRAMME OBJECTIVES
·
To
define and understand the concept of a Supply Chain
·
The
role of inventory in the Supply Chain
·
Critically
determine the optimal amount of inventory required
·
Determining
the optimal inventory solutions both in house and vendor led
·
Implement
creative ways of reducing working capital
·
Understand
the key concepts of inventorycontrol
·
Understand
and implement essential tools for managing warehouses and invetory in the wider
supply chain
TRAINING METHODOLOGY
Participants
will learn by active participation throughout the training session through the
use of programme materials, exercises, questionnaires, training videos and
discussion of "real life” issues in their organisations.
PROGRAMME SUMMARY
This programme
covers essential skills that are necessary to plan, execute and control the
Supply Chain. The Warehouse and Inventory within it. The programme begins
with the concept of a Supply Chain and will discuss all the aspects relating to
Supply Chain, Warehouse and Inventory Management.
PROGRAMME OUTLINE
|
DAY 1 -
THE FUNCTION OF SUPPLY CHAINS
·
The
concept of Supply Chain
·
Key
functions of a modern warehouse
·
Streamlining
the flow of material
·
Utilizing
warehouse management systems
·
Measuring
warehouse performance
·
Effective
utilization of bar coding
·
Employing
the latest technology
|
|
DAY 2 -
SUPPLY CHAIN OPTIMISATION
·
Setting
up the infrastructure
·
Manufacturers
·
Warehouses
·
Transportation
·
Retailers
·
Advance
Planning and Optimisation
·
Catalogue
methodologies within Warehouse
·
Inventory
decisions in Supply Chain
·
Forrester
effect and Inventory management model
|
|
DAY 3 -
SUPPLY CHAIN SIMULATION
·
Day
three will comprise of a Supply Chain simulation demonstrating the
interaction between the different entities in the chain. Participants will
get the opportunity to experience first-hand the working (or not!) of a
supply chain
·
On
completion, an analysis will be done of lessons learnt
|
|
DAY 4 -
INVENTORY DECISIONS IN SUPPLY CHAIN
·
Effect
of lead time on the forecasting process
·
Utilizing
consignment inventory
·
Methods
of reducing stock levels
·
Moving
to supplier managed inventory
·
Lessons
from the Japanese-just in time inventory and Kaizen
·
Reducing
excess and obsolete inventory
·
Measuring
inventory management performance
·
Making
plans for improvement
|
|
DAY 5 -
LINKING THE SUPPLY CHAIN PROCESSES
·
Procurement
·
Operations
·
Warehousing
& Distribution
·
Transportation
·
Return/recycling
|
