Supply Chain Planning and Inventory Control

Introduction

This comprehensive course provides professionals with the fundamental concepts and best practices of supply chain planning and inventory control, essential for optimizing operations and driving business success.

Objectives

• Understand the fundamentals of supply chain management
• Develop effective supply chain planning strategies
• Master inventory control techniques
• Enhance decision-making using data and technology
• Apply best practices to improve efficiency and reduce costs

Course Outlines

Day 1: Foundations of Supply Chain Management

• Overview of supply chain concepts and components
• Key drivers and trends in supply chain management
• Stakeholders and their roles
• Supply chain objectives and performance indicators
• Introduction to supply chain integration

Day 2: Demand Planning and Forecasting

• Principles of demand planning
• Forecasting methods and techniques
• Collaborative planning processes
• Managing demand variability
• Aligning demand with supply

Day 3: Inventory Management and Control

• Types and functions of inventory
• Inventory control methods (EOQ, JIT, ABC analysis)
• Safety stock and reorder points
• Inventory performance metrics
• Balancing inventory levels and customer service

Day 4: Supply Chain Planning Tools and Technology

• Overview of planning systems and software
• Role of data analytics in supply chain planning
• Implementing ERP and SCM technologies
• Scenario planning and risk management
• Case studies of digital supply chain transformation

Day 5: Best Practices and Strategies for Optimization

• Lean principles and continuous improvement
• Collaboration with suppliers and partners
• Sustainable supply chain practices
• Measuring and improving supply chain performance
• Action planning and course wrap-up