This course will give you essential knowledge of the Supply Chain Management field. You will learn about the importance of purchasing and supply in a firm and how it affects the total profit and cost. It also discusses various key components
DurationThis program will give you essential knowledge of the Supply Chain Management field. You will learn about the importance of purchasing and supply in a firm and how it affects the total profit and cost. It also discusses various key components of Purchasing and Supply, Inventory types and its concepts.
By the end, you would have learned about managing and improving existing purchasing and supply system, designing proper purchasing and supply system and planning future projects in a better way.
Topics:
Introduction:
- Supply Chain and its Related Costs.
- Supply-Chain Management
- Profit and International Competition
- Material Management
- Supply Chains for Service Providers
- Supply Chains
- Developing Integrated Supply Chains
- Acquisition Process.
- Purchasing
- Supplier Selection & Certification.
- E-Purchasing
- Supplier Relations
- Contracting
- Outsourcing (Make-or Buy Decisions)
- Centralized Buying
- Value Analysis
- Local Buying
- Measures of Supply-Chain Performance
- Links to Financial Measures
- Inventory Measures
- Supply-Chain Links to Operations Strategy
- Responsive Supply Chains
- Efficient Supply Chains
- Design of Supply Chains
- Inventory Control Systems
- Supply-Chain Dynamics (External & Internal Causes)
- Inventory Categories
- Pressures for Low / High Inventories
- Inventory Costs
- Types of Inventory
- Inventory Reduction Tactics
- Inventory Placement
- Inventory ABC Analysis
- Economic Order Quantity (EOQ)
- Inventory Records
Continuous Review (Q) System:
- Lot size
- Reorder Point Level
- Safety Stock Level
- Period Review (P) System
- Safety Stock Level
- Time Between Orders
- Target Level
- Max-Min System
- Hybrid Systems
- Base-Stock System
- Special Inventory Models.
- Visual Systems
- Non-instantaneous Replenishment
- One-Period Decisions
- Quantity Discounts
Aggregate Planning:
- The Purpose of Aggregate Plans Production Plan
- Inputs, Objectives, and Alternatives.
- Managerial Importance of Aggregate Plans
- The Planning Process.
- Planning Strategies
- Developing a Production Plan
Material Requirements Planning (MRP):
- Dependent Demand.
Inputs to MRP:
- Bill of Materials (BOM).
- Make-to-Stock Strategy.
- Master Production Schedule (MPS).
- Assemble-to-Order Strategy.
- Inventory Record.
- Make-to-Order Strategy.
Planning Factors:
- Lead Time, Lot-Sizing Rule, and Safety Stock.
- MRP II: A Comprehensive Inventory Information Sys.
- Outputs from MRP.
- Implementation
Just-in-Time Systems (JIT):
- Characteristics of JIT Systems.
- Kanban System.
- Continuous Improvement with JIT.
- Choice of an Inventory Management System.
- Closing Discussion.
Mind Shift Training is a pioneer and an innovative Business consultancy and training firm located in Dubai. It provides world-class training and consultancy services through its multiple representative offices across the world.
Mind Shift Training has a qualified faculty with a team of expert trainers and consultants. With its diverse faculty, it has a global reputation with a mark of high-quality training to its name.
Representative Office Locations:
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