Procurement and Inventories

Supply Chain Management for Inventory Managers

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Supply Chain Management for Inventory Managers Course

Introduction:

In today's business environment, effective upstream Supply Chain Management requires the ability to make strategic decisions and execute operational techniques to enhance overall performance. This course equips managers with the necessary skills to navigate the complex forces at play in the global supply chain landscape. Participants will gain a deep understanding of inventory management, enabling them to mitigate uncertainty and capitalize on opportunities as they arise. By mastering these essential principles, participants can safeguard their organizations and drive success in the dynamic supply chain arena.

Course Objectives:

By the end of the program participants will be able to:

Understand the strategic concept of the supply chain and its tactical and operational application
Understand the critical impact of inventory on the supply chain
Demonstrate knowledge of logistics operations and associated supply chain issues, and their impact on supply chain performance
Critically analyze and evaluate best practice solutions identifying those best suited to the management of inventory
Devise and utilize effective measures of performance to maintain and sustain improved supply chain operations
Lead in the management of inventory using and applying checklists and models for the planning, execution, and improvement of existing and future supply chain operations.

Who Should Attend?

Supply, Buying, Purchase, Logistics, Materials and Supply Chain Managers
Those who need to develop their limited understanding about Logistics and Supply Chain Management
Those who are looking for business gains and benefits from managing their supply chains more effectively

Course Outlines:

Session 1 Introductions, course objectives, learning outcomes agreed, key messages
Session 2Strategic contribution of the supply chain
Session 3 Supply chain process
Session 4Components and drivers of the supply chain

Session 1 Components and key drivers of inventory
Session 2 Inventory management - How much to order and when to order
Session 3 Forecasting and demand analysis
Session 4 Operational inventory management issues

Session 1 How Supply and Procurement affects the inventory
Session 2 Application of Information Services and Technology
Session 3 Inter-relationship of Transportation and Inventory across the Supply Chain
Session 4 Warehousing and Materials Handling of Inventory

Session 1 Reverse logistics, disposal and decommissioning
Session 2 Environmental issues including health and safety
Session 3 Global Supply Chain Management and international trade
Session 4 Inventory within the supply chain case study

Session 1 Inventory management process improvement
Session 2 Performance measurement and improvement
Session 3 SCM Best Practice and Trends
Session 4 Course conclusion; Review and Participants Action Plans

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