Material Management and Inventory Planning

Select Other "city & date"
Material Management and Inventory Planning Course
Introduction:
This course explores the crucial connection between an organization's logistics strategy and its competitive advantage. Participants will gain insights into the challenges of managing logistics and supply chains and learn how to develop a customer-focused approach. The course covers the performance drivers of supply chains, their impact on responsiveness and efficiency, and major network design options. By matching the best design with the organization's competitive strategy, participants will learn how to create a responsive supply chain. Furthermore, the course emphasizes evaluating the impact of logistics strategies on profitability. Attendees will leave with a comprehensive understanding of how effective logistics management can contribute to a competitive edge.
Course Objectives:
By the end of the program, participants will be able to:
- Discover the strong link between an organization's logistics strategy and its competitive advantage.
- Understand the challenges of managing logistics and supply chains.
- Develop a customer-focused orientation in managing logistics.
- Identify the performance drivers of supply chains and their impact on responsiveness and efficiency.
- Outline the major network designs and match the best design with an organization's competitive strategy to create a responsive chain.
- Evaluate the impact of logistics strategies on profitability.
Who Should Attend?
Logistics and supply chain planners and managers, as well as mid-level managers in any of the professions within logistics; such as procurement, inventory, operations, and marketing among others.
Course Outlines:
Strategic Logistics Planning and Management
Importance of Logistics and Supply Chain Management
- Logistics and Supply Chain Management (SCM) Awareness Evolution of Logistics and the Role of the Logistics Service Provider Why the Supply Chain Is the Value Chain Establishing Competitive Advantage through Logistics and SCM
Challenges in Logistics Management
- The Supply Chain Simulation Game System Dynamics and Challenges in SCM The Bullwhip Effect and the Value of Information Industry Case Studies on Overcoming Supply Chain Challenges
Customer Value and Logistics
- What Is Customer Service? Elements of Customer Service Developing and Reporting Customer Service Standards
- Logistics and Supply Chain Performance Drivers
- Aligning Competitive Strategy with Supply Chain Strategy Framework for Structuring Logistics and Supply Chain Drivers Responsiveness versus Efficiency
Designing the Network in a Supply Chain
- Factors Influencing Network Design Design Options for Networks A Framework for Network Design Decisions
Creating the Responsive Supply Chain
- JIT and Product Push versus Demand-Pull The Foundations of Agility Lead Time Management
Measuring Logistics Costs and Performance
- Logistics and the Bottom Line The Total Cost Concept The Strategic Profit Model