Supply Chain Management: Understanding the Fundamentals
What you'll learn
- Understanding supply chain management.
- Understanding what is a supply chain and its Objectives.
- Various supply chain components and their roles as well key decision making variables related these components..
- Managerial levers that help achieve adequate supply chain coordination.
- Poor supply chain coordination and the bullwhip effect.
- The impact of the bullwhip effect on supply chain performance.
- Quantitative demand forecasting techniques + qualitative forecasting techniques.
- Three basic measures of forecast accuracy.
- Comparison of the four quantitative forecasting techniques using three measures of forecast accuracy.
- Sales and Operations Planning (S&OP).
- Achieving supply and demand management through S&OP.
- Different nature and sources of demand.
- Introduction to inventory management - Objectives of inventory management, definition of inventory, types, costs and reasons for holding inventories.
- Inventory replenishment models - ROP, Basic EOQ, Min-Max and Single Period Model, including situations in which each would be appropriate.
- Planning and replenishment concepts - MRP and DRP concepts, and JIT philosophy including applications in which each would be appropriate and/or solve problems.
- Comparison of MRP and DRP techniques.
- Inventory classification models such as A-B-C classification model, FSN approach, and CVA approach.
- Role of logistics in a supply chain.
- Different modes of transportation and basic trade-offs to consider when selecting modes of transportation.
- Measuring supply chain performance using various performance measurement methods such as financial performance measures and widely used KPIs.
- A computer with an internet connection.
- The willingness to learn.
- A desire to master this fundamental area of Supply Management; from beginner to a professional.
This online course is designed to equip you with a solid base in Supply Chain Management (SCM). This course offers both theory and practical insights as well as tools that you can use right away to unlock your personal potential and strengthen your overall business performance.
Whether you are a student that is hungry to learn this field, a Supply Chain professional interested in refreshing your skills, or any business professional seeking to add to your existing body of knowledge, this online course offers exactly what you are looking for. The novelty of this course is that I don't only teach textbook theory but I also take you through practical examples to give you a better understanding of taught Supply Chain principles and their applications.
What is supply chain management?
Supply Chain Management (SCM) applies to any organization that executes projects, produces goods and/or delivers services. These activities require a supply chain to maintain a steady flow of resources. That’s where supply chain management comes into play. Essentially, supply chain management (SCM) manages the flow of supplies through all the stages of the production and/or service delivery cycle.
Supply chain management is very important in any business administration because it has a direct influence on the performance of other key business areas such as operations management, quality management, etc. On the other hand, the importance of supply chain management is extended to its ability to provide a strong competitive advantage for businesses.
By the end of this course, you’ll have a valuable skill set that will allow you to adhere to industry best practices. You will also grasp some common terminologies that are used in the corporate supply chain world. This course shows you an improved approach to supply chain management, making it possible to improve your position in the marketplace through the understanding of achieving an efficient flow of resources, from various sources to customers.
Supply Chain Management (SCM) in a Nutshell.
Supply Chain Components.
Three Levels of Supply Chain Management.
Supply and Demand Management.
Inventory Replenishment Models.
Concepts for Dependent Demand Inventory.
Inventory Classification Models.
You will be able also to download many additional resources:
Some videos and Excel files with practical examples/exercises demonstrated in the course.
Course learning materials in PDF format.
Who this course is for:
- Supply chain professionals/managers.
- Individuals working in sales and operations, manufacturing/production, and retail Industries
- Consultants & business analysts
- Small and medium business owners
- Supply chain
- Students or anyone eager to learn and to supplement their knowledge
Forward-thinking and pragmatic Engineer with more than five (5) years experience performing Process Design, Engineering and Optimization, Integration of Lean Manufacturing and/or Continuous Improvements, Project Management, Business Development, Technical Consulting, Supply Chain Management and Coaching and Mentoring in the Automotive, Mining, Oil & Gas, Rubber Manufacturing and Education sectors across Africa.
A communicative, encouraging, and hands-on team player who can work under pressure and solve problems effectively.