Supply Chain Management and Inventory Control

Introduction:

In today's competitive landscape, the highest-performing supply chains provide unparalleled value to customers, achieving a significant competitive edge. The Inventory and Supply Chain Management course emphasizes the importance of transparency and collaboration among all supply chain members. Upon completion, participants receive a prestigious certificate validating their expertise in inventory and supply chain management, enhancing their employability in the dynamic field of inventory management.

Objectives:

By the end of this certified course in inventory and supply chain management, participants will:

• Understand and appreciate the scope of a supply chain.
• Recognize the importance of inventory within the supply chain.
• Assess the need for spare parts.
• Make operational decisions regarding spare parts inventory.
• Implement creative strategies to reduce working capital.

Training Methodology:

• Case Studies
• Simulation
• Workshop
• Role Plays
• Expert Lectures
• Group Discussions
• Interactive Exercises

Course Outline:

Unit 1: Understanding Supply Chain

• Historical perspective of supply chains.
• Definition and role of supply chain management in inventory.
• The five basic functions of a supply chain.
• Value chain concept and its impact on inventory management.
• Criteria for assessing supply chain management efficiency.

Unit 2: Supply Chain Planning

• Developing an organizational framework for inventory and logistics management.
• Integrative view of manufacturers, warehouses, transportation, and retailers.
• Evaluating different supply chain structures and their impact on inventory.
• Planning and optimization.
• Inventory's role in decision-making.
• Understanding the Forrester effect.

Unit 3: Supply Chain Simulation

• Interactive simulation demonstrating supply chain integration.
• Evaluation of operational efficiency in the supply chain.
• Reflection and analysis of efficient inventory management.

Unit 4: Inventory Decisions in Supply Chain

• Analyzing demand patterns and their impact on inventory.
• Role of Information Technology in supply chain management.
• Decision-making regarding stock levels:
  • Selection of goods for inventory.
  • Geographic placement of inventory.
  • Total value of inventory to be maintained.

Unit 5: Linking the Supply Chain Processes

• Ordering functions and their relationship with inventory management.
• Inventory management functions and strategies.
• Warehousing and distribution aspects in logistics.
• Transportation's role in effective inventory management.
• Policies for returns and recycling within supply chain and inventory management