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
