Materials and Supply Chain Management

This event has passed

Why Attend

Supply Chain Management (SCM) has been consistently cited as one of the most critical processes in any operational company. The impact SCM has on business is major given that SCM impacts customer service and the bottom line. However, SCM is not easy given the dynamic nature of the many uncertainties involved. This dynamism has necessitated many companies to upgrade the skills of their SCM employees in order to capitalize on this untapped opportunity. In this course, many SCM best practices will be discussed, and the solutions provided will help participants deal with various scenarios to ensure the continuous flow of material at the least possible cost.

Event Date: 11/04/2024 – 13/04/2024

Request an In-House Proposal

Download 2024 Training Calendar

Overview
Course Outline

Definition of materials and supply chain management
- Materials management scope
- The functions and objectives of materials management
- Types of inventory
- The importance of customer service in materials and supply chain
- Problems in materials management
- Computerized materials management applications
Inventory planning and stock control
- Inventory systems
- The ABC classification
- Application of the ABC classification
Forecasting and planning in materials management
- Typical demand trends
- Forecasting objectives
- Different forecasting models
- Qualitative forecasting
- Quantitative forecasting
- Evaluation of forecasts
Materials planning and control
- Inventory costs
- The economic order quantity model
- How to deal with constrained quantity discount schemes
- The importance of controlling lead time
- The maximum/minimum system
- Setting the reorder points
- Setting safety stocks
The purchasing function
- Basic purchasing process
- Skills of a purchasing professional
- Factors to consider when selecting suppliers
- Suppliers evaluation
- Changing trends in procurement
- Definition and application of Incoterms
- Negotiating with suppliers
The warehousing function
- Warehousing objectives
- Inventory record accuracy requirements
- Calculating record accuracy
- Periodic cycle counting
- How to improve record accuracy
The transport function
- Fleet and transport objectives
- Methods of transport
- Responsibilities of traffic
- Transport expenses
- Cost reduction opportunities
- Routing and cubing