Logistics, Supply Management & Procurement

Logistics, Supply Management & Procurement

INTRODUCTION:

The role of LOGISTICS, SUPPLY MANAGEMENT & PROCUREMENT is vital to business success. In the business environment of today high levels of efficiency and productivity are critical determinants of not only effectiveness but also survival.

Very often, this has been viewed as the ‘Cinderella’ departments of an organization. Today, the focus has shifted firmly upon close and detailed examinations of an organization ‘operations’—its abilities to organize its logistics, storage, and its stock control in order to gain significant and sustainable competitive advantage.

This is the background and the basis for this five-day program for Managers, Leaders & Supervisors.

This will be a practical and interactive program with opportunities to practice the new skills acquired during the course.

OBJECTIVES:

At the end of this seminar participants will:

• Recognize the distinctive nature of the topic
• Understand the role of Stock Management within Organizations
• Appreciate the challenges of the changing nature of the industry and the effective implementation of new and emerging systems
• Plan and organize more effectively – including scheduling
• Understand basic techniques such as Demand Forecasting, JIT, MRP
• Understand the essence of effective Warehouse Planning
• Monitor and measure performance
• Describe the terms used in the Industry and be familiar with these
• Develop an ability to forecast Demand
• Use a structured approach to warehousing and its solutions
• Describe the main ways in which line managers can contribute to the development of good Stock Control
• Develop an ability to recognize commercial opportunities in good Inventory Control
• Provide and recognize timely information systems
• Have an in-depth practical understanding of the main elements of first line management of Stock Control, Warehousing and Logistics
• Identify key factors that enhance an innovative approach to Stock Control
• Understand the differing approaches to Inventory Control
• Examine the alternative methods of holding and maintaining stocks, EOQM’s
• Identify and apply some specific planning tools and approaches as necessary in their own work responsibilities
• Appreciate the necessity of good liaison with all areas of the supply chain
• Apply some basic modeling techniques
• Be aware of the broad management roles that the participants play in relation to their roles as key managers in the supply chain
• Identify the roles managers fulfill in the Supply Chain and their roles
• Understand the demands, constraints and pressures of the Supply Chain Managers
• Identify areas where individuals need to develop competence as effective operations management
• Explain the importance of customer service levels
• Recognize the implications of stock outs, material handling
• Appreciate the need to adopt differing styles of leadership appropriate to the circumstances of their jobs
• Choose and apply suitable techniques at appropriate points in the planning process
• Plan and schedule the activities for which they are responsible

COURSE OUTLINE

The Background to Stock Control 

• Introduction
• Definitions of Stock Control/Inventory
• Reasons for holding stock
• Types of Stock

Stock Management 1 

• Why practice Stock Control ?
• Costs of Carrying Stock
• Maximizing Stock turnover for Competitive Advantage
• Booking-in, Reception,
• Put away-Storage systems
• Picking, Dispatch
• Minimizing Stock Losses

Stock Management 2

• Bar Coding systems
• Selection of Storage Techniques
• Use of EDI Links for stock ordering
• Parts identification
• Continuous Inventory knowledge

Logistics

• The Distribution system
• Role of Depots and Warehouses
• Integrated transport
• Integrated systems

The Channels of Distribution

• Differing types, Structure
• Third party v Self organization

Information Technology

• The Impact of Technology
• Availability of Systems
• ‘Paperless Warehouse’
• Scanners, Chips and Radios
• Maximizing the space!

Forecasting Demand and Forward Trends

• Forecasting and Replenishment –Background
• Error avoidance in forecasting
• Dealing with uncertain demand
• Casual forecasting

JIT systems, MRP

• Thinking and Principles of JIT
• Achieving the aims
• Benefits of JIT
• MRP-benefits
• Limitations of both systems
• Comparisons of other inventory systems

Changing nature of the Supply Chain

• Setting Stock and Service levels
• Trends in logistics and distribution
• Trends in Information Technology-automation