Supply Chain Management Fundamentals: Theory and Practice
Learn the basics of Supply Chain Management; S&OP, Coordination, Inventory Management, and Performance Measurement
Ratings 4.06 / 5.00
What You Will 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.
Description
Looking to improve your knowledge and skills in Supply Chain Management (SCM)? Look no further than this comprehensive online course designed to equip you with a solid foundation in SCM. Whether you're a student eager to learn, a supply chain professional seeking a refresher, an entrepreneur, or a business professional looking to expand your knowledge base, this course offers practical insights and tools that you can use right away to strengthen your overall business performance.
Why is SCM so important?
Simply put, at the heart of any successful organization lies a well-managed supply chain. Supply Chain Management (SCM) is the backbone of any organization that executes projects, produces goods, and/or delivers services. SCM helps maintain a steady flow of resources through all stages of production and/or service delivery and has a direct impact on the performance of other key business areas like operations management and quality management. Additionally, SCM can provide a competitive advantage for businesses.
Why You Should Learn About SCM?
Efficiency: Understanding SCM can help individuals and organizations operate more efficiently by optimizing the flow of goods and services, reducing waste, and improving overall performance.
Cost Savings: SCM can help reduce costs by improving inventory management, optimizing transportation, and reducing lead times.
Business Resilience: Supply chain disruptions, such Covid-19 pandemic, can have significant impacts on business operations. Learning about SCM can help individuals and organizations better prepare for and mitigate these risks.
Competitive Advantage: A well-managed supply chain can be a source of competitive advantage by providing superior customer service, faster delivery times, and lower costs.
Career Advancement: SCM is a growing field with a high demand for skilled professionals. Learning about SCM can open up new career opportunities and help individuals advance in their careers.
In today's global economy, SCM has become increasingly important for businesses of all sizes and industries. By learning about supply chain management, individuals can acquire valuable skills and knowledge that can help them succeed in their careers and drive business success.
In this course, we'll cover everything from the basics of SCM to practical examples of its principles and applications. By the end of this course, you'll be able to apply best practices in S&OP, coordination, inventory management, and performance measurement, and you'll be equipped with an improved approach to SCM that can help you stand out in the marketplace. So what are you waiting for? Enroll now and unlock your potential in Supply Chain Management!
Who Should Take This Course?
This course is for anyone interested in learning about supply chain management. It's perfect for students, supply chain professionals, entrepreneurs, and business professionals looking to enhance their knowledge and skills. With our practical approach, you'll gain the knowledge and confidence needed to apply best practices in supply chain management.
Why Should You Enroll Now?
Enroll now to learn and gain a comprehensive understanding of supply chain management. With our engaging and practical approach, you'll be well-equipped to improve your performance and succeed in the marketplace.
Course Contents
Module 1: Supply Chain Management (SCM) in a Nutshell.
Module 2: Supply Chain Components.
Module 3: Three Levels of Supply Chain Management.
Module 4: Demand Forecasting.
Module 5: Supply and Demand Management.
Module 6: Inventory Management.
Module 7: Inventory Replenishment Models.
Module 8: Concepts for Dependent Demand Inventory.
Module 9: Inventory Classification Models.
Module 10: Logistics.
Module 11: Supply Chain Performance Measurement.
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.
Don't wait any longer to unlock your potential in supply chain management. Enroll in this course today and take the first step towards achieving your goals.
Who Should Attend!
- 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
