Course Objectives
- Recognize the foundations of resilient supply chains
- Comprehend the global and virtual supply chains
- Outline the functions of supply chain management and logistics
- Conduct the process of performance measurement in Supply Chain Management
- Devise warehouse strategies to streamline inventory processes
- Outline the role of IT and information systems in SCM
- Apply sustainable practices for resilient supply chains
Target Audience
designed for supply chain professionals across different functions – logistics, procurement, transportation, planning, warehousing and inventory management.
Target Competencies
- Supply chain management
- Logistics
- Procurement
- Sustainability
- Stakeholder engagement
- Warehouse automation
- Planning and forecasting
- Emerging technology in supply chain
Outline
- Understanding Logistics and the Supply Chain
- Definitions of Logistics and Supply Chain Management
- History and the Development
- Understanding the Supply Chain Dynamics
- International and Global Logistics
- Supply Chain Operations Reference Models (SCOR)
- The Theory of Constraints (TOC)
- The Building Blocks of a Modern Maintenance Management System
- The ‘Asset Healthcare Model’
- Asset Master Data
- Organisation Master Data
- Maintenance Logistics Planning
- Practical Exercise and Discussion
- Introduction to supply chain
- Basic of supply chain management
- Historical milestones in supply chain management
- Evolution of supply chain management
- Physical distribution and order fulfilment
- Logistics and supply chain
- Goals and objectives of supply chain management
- Major challenges in supply chain management
- Demand planning and forecasting
- Forecasting as an integral part of planning
- Dependent and independent demand systems
- RP, MRP-II, ERP and Extended ERP
- Demand patterns – random, trend and seasonality components
- Qualitative forecasting techniques
- Quantitative forecasting techniques
- Accuracy of forecasting models
- Inventory management
- Fundamentals of inventory management
- Types of inventory
- Costs associated with inventory
- Economic order quantity (EOQ)
- Limitations of the EOQ approach
- Selective inventory control techniques like ABC, VED, FSN etc.
- Inventory costing techniques – FIFO, LIFO, Weighted average etc.
- Managing uncertainties in supply chain
- Uncertainties associated with inventory
- Lead times – internal and external
- Service level
- Re-order level
- Buffer stock
- Replenishment systems – P system, Q system etc.
- Improving inventory performance
- Warehousing
- Warehouse design and layout
- Types of warehouses
- Different roles of warehouse
- Warehousing functions – receiving , storage and retrieval, packaging and shipping
- Material handling equipment- unitization / palletization
- Automation in warehousing – pickup-to-light, pick-to-put. Use of robots etc.
- Distribution centres and cross docking
- Strategic warehousing
- Transportation in supply chain
- The role of transportation in supply chain
- Modes of transportation
- The intermodal container
- Packages carriers
- Freight forwarding
- Transportation cost optimization
- Inventory aggregation
- Incoterms
- International trade
- Role of the international chamber of commerce
- Incoterms 2010
- Understanding the connotation of each INCOTERM with respect to task, cost and risk ownerships
- Multimodal versus sea/Inland waterway incoterms
- Trade payments
- International trade payments
- Clean payments
- Documentary payments
- UCP 600 and letter of credit
- LC opening and working cycles
- Types of LC
- Managing discrepancies of LC
- Trade documents – Bill of exchange, commercial Invoice, bill of lading etc.