Main Concepts of Supply Chain Management
Lean Manufacturing - Reverse Logistics - RFID - SCOR and LARG Models
Ratings 4.77 / 5.00
What You Will Learn!
- Discover the history of supply chain
- Describe the processes of supply chain and reverse logistics
- Identify the difference between horizontal and vertical integration and further explore horizontal collaboration
- Identify the types of Inventory and related costs
- Recognize the importance of technology alike radio frequency identification and 3D printing
- Optimize performance through coordinated supply chain !!!
- Define the Supply Chain Operations Reference model (SCOR)
- Define LARG in supply chain
- Acknowledge the Triple Bottom Line
- Minimize waste through lean manufacturing and understand the concepts of muda, mura and muri.
Description
This course will give you all the essentials of supply chain management. It will start with a brief history of supply chain; it will explain how Alexander the Great used it to reap benefits and inform about the first multinational company in the world. It will then deal with essential terminologies one needs to know in this major field alike the Japanese terms gemba and heijunka and other terms such as economies of scope and near sourcing . It will explain the difference between Just In Case and Just In Time and demonstrate in an example the importance of the concept of postponement in reducing costs. It will raise awareness how inventory is part of average assets and hence can influence the return on assets aspect. It will define the different types of inventories and related costs such as ordering and holding costs. It will further explain the difference between horizontal and vertical integration and discusses the importance of horizontal collaboration. Other major Japanese terminologies such as Muda (waste), Mura (unevenness) and muri (overburden) are further explored . Then the course will tackle lean manufacturing discussing poka-yoke, jidoka and 5S principles, the drivers of supply chain , the triple bottom line and the importance of channel coordination.
Who Should Attend!
- Anyone in the fields of freight, warehousing, retail and any indusry in relation to procurement for this intermediate course
