Introduction

In today’s competitive environment, the best supply chain will win. The chain that offers the highest value to its customers will gain the competitive advantage. Achieving this requires a broader outlook, with full visibility of all players in the supply chain. This program covers essential supply chain processes, structures, and how inventory plays a crucial role in supply chain success.

Objectives

By the end of this program, participants will:

• Understand the concept of a Supply Chain.
• Learn the role of inventory in the Supply Chain.
• Determine the amount of spare parts required.
• Find the optimal inventory solution for spare parts.
• Implement creative methods to reduce working capital.

Target Audience

This program is ideal for:

• Supply Chain Managers
• Inventory Managers
• Procurement Managers
• Logistics Managers
• Operations Managers
• Business Analysts
• Executives and Senior Managers
• Anyone interested in improving supply chain and inventory management

Perfect for those looking to enhance their skills in supply chain optimization and inventory management.

Course Outline

Day 1: The Concept of the Supply Chain

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

Day 2: Supply Chain Planning

• Setting up the infrastructure
• Key players: Manufacturers, Warehouses, Transportation, Retailers
• Different Supply Chain scenarios
• Advanced Planning and Optimization
• Inventory decisions in the Supply Chain
• The Forrester Effect

Day 3: Supply Chain Simulation

• A hands-on Supply Chain simulation to demonstrate interaction between different entities
• Real-time experience of a functioning (or malfunctioning) supply chain
• Post-simulation analysis and lessons learned

Day 4: Inventory Decisions in Supply Chain

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

Day 5: Linking the Supply Chain Processes

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