Effective Supply Chain, Warehouse and Inventory Management

Effective Supply Chain, Warehouse and Inventory Management

OBJECTIVES

• Define and understand the concept and structure of a supply chain.
• Learn the role of inventory within the supply chain and its impact on performance.
• Determine optimal inventory levels to minimize costs and maximize efficiency.
• Implement innovative strategies to reduce working capital requirements.
• Master key concepts and tools for effective inventory and warehouse management.
• Integrate inventory control and warehouse operations into the broader supply chain.

WHO SHOULD ATTEND?

• Operations and strategy professionals seeking to enhance their knowledge.
• Supply chain decision-makers.
• Managers responsible for planning, execution, and control of supply chain processes.
• Stakeholders focused on improving warehouse and inventory management practices.

COURSE OUTLINE

Day 1: The Function of Supply Chains

• The concept of Supply Chain
• Understand the process of the Supply and Demand Chain
• How organisation supply and demand chains work
• Understanding the needs of the customer and the supplier
• Defining the goals of supply and demand

Day 2: Supply Chain Optimisation

• Setting up the infrastructure
• Manufacturers
• Warehouses
• Transportation
• Retailers
• Advance Planning and Optimisation
• Inventory decisions in Supply Chain
• Forrester effect and Inventory management model

Day 3: Warehouse Management

• Key functions of a modern warehouse
• Streamlining the flow of material
• Utilizing warehouse management systems
• Measuring warehouse performance
• Effective utilization of bar coding
• Employing the latest technology
• Catalogue methodologies within Warehouse

Day 4: Inventory Decisions in Supply Chain

• Effect of lead time on the forecasting process
• Utilizing consignment inventory
• Methods of reducing stock levels
• Moving to supplier managed inventory
• Lessons from the Japanese-just in time inventory and Kaizen
• Reducing excess and obsolete inventory
• Measuring inventory management performance
• Making plans for improvement 

Day 5: Linking the Supply Chain Processes

• Procurement
• Operations
• Warehousing & Distribution
• Transportation
• Return / recycling