In today’s competitive environment, the best supply chain that offers the highest value to its customers at the most efficient cost will have a distinct competitive advantage. This requires an in-depth understanding of the individual Supply Chain elements, key optimization and efficiency for each of the elements ensuring that there are robust links between each element and inventory management. These must integrate seamlessly and efficiently to deliver optimal cost and fulfil the organization’s promise of value.
• People responsible for operations and strategy
• People 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 an interest in warehouse and inventory management.
To enhance the participants’ competency necessary for managing and controlling warehouses and inventory in the supply chain.
By the end of this course, 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 optimal amount of inventory required.
• Implement creative ways of reducing working capital.
• Understand the key concepts of inventory control.
• Understand and implement essential tools for managing warehouses and inventory in the wider supply chain.
1. The Function of Supply Chains
• What is Supply Chain?
• The process of the Supply and Demand Chain
• How organisation supply and demand chains work
• The needs of the customer and the supplier
• Goals of supply and demand
2. Supply Chain Optimization
• Setting up the infrastructure
• Manufacturers
• Warehouses
• Transportation
• Retailers
• Planning and Optimization
• Inventory decisions in Supply Chain
• Inventory management model
3. Warehouse Management
• Key functions of a modern warehouse
• Material flow
• Warehouse management systems
• Measurement of warehouse performance
• Effective utilization of bar coding
• Catalogue methodologies within Warehouse
4. Inventory Decisions in Supply Chain
• Lead time on the forecasting process
• Reducing stock levels
• Moving to supplier managed inventory.
• Just in time (JIT) inventory and Kaizen
• Minimizing excess and obsolete inventory
• Measurement of inventory management performance
• Planning for improvement
5. Linking the Supply Chain Processes
• Procurement
• Operations
• Warehousing & Distribution
• Transportation
• Return / recycling.
