Advanced Techniques in Material Expediting

Introduction

This course on Advanced Techniques in Material Expediting is designed for advanced learners seeking to deepen their expertise. Emphasizing cross-border logistics and supply chain management, the course explores supplier management, transportation models, and inventory strategies, focusing on optimization and cost management.

Participants will engage in practice sessions to enhance their skills in advanced logistics and material expediting. The course will equip learners to systematically manage global shipping systems and inventory, with global best practices integrated into the training to apply learned concepts effectively.

Objectives

By the end of this course, participants will be able to:

• Appreciate how logistics and material acceleration strategies impact internal and external organizational operations.
• Utilize international logistics concepts, freight procedures, and documentation effectively.
• Understand the necessity of adequate resource planning.
• Optimize processes and financial management, including cash flow and cost reduction.
• Implement strategies for effective inventory management.
• Develop action plans to improve their role and organizational performance.

Training Methodology

• Simulations
• Workshops
• Role-Playing
• Group Discussions

Course Outline

Unit 1: The Role of Logistics and Supply Chain Management in Company Business

• Understand the value of logistics processes in modern business.
• Study the history and dynamics of Supply Chain Management.
• Manage organizational supply chains using the SCOR model and metrics.
• Identify sources of instability and supply chain risks, including:
  • Internal supply chain risks
  • PESTLE risks
  • Inventory risks
  • Disruption risks
  • Security risks
  • Procurement risks

Unit 2: Linking Strategies and Achievements in Cost and Productivity Enhancement in Procurement

• Establish the Purchase Prices Index through Spend Analysis.
• Investigate Total Cost of Ownership.
• Review and classify supplier portfolios using Kraljic's Matrix and Porter's 5 Forces.
• Create, schedule, and structure a Strategic Purchasing Plan.
• Evaluate the impact of order cycle time and lead time on purchasing.
• Prepare and structure effective negotiations.

Unit 3: Strategic Supply in Materials Management

• Develop, schedule, and structure stock decision-making procedures.
• Describe and critique safety stock and order point levels.
• Optimize min/max systems and settings using material forecasts.
• Articulate appropriate materials and manage parts control effectively.

Unit 4: Effective Inventory Planning and Control

• Establish formal parameters for inventory targets and composition.
• Adopt rationalization strategies.
• Assess determinants of carrying costs and apply Economic Order Quantity Theory.
• Conduct cost analysis with a focus on Pareto analysis.
• Enhance material identification and numbering.
• Develop best practices for material control and accuracy in cycle counting systems.

Unit 5: Tactical and Operational Approaches in Transportation Economics

• Integrate logistics functions within the organization and their relation to transportation.
• Specify strategic choices in transportation management.
• Identify modes and intermodal systems.
• Analyze International Commercial Terms and liability risks in transportation.