Supply Chain Management Fundamentals: Theory and Practice

Supply Chain Management Fundamentals: Theory and Practice

What you’ll 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.

How to Enroll Supply Chain Management Fundamentals: Theory and Practice course?

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