Equipping participants with the objectives, scope functions and competencies of Materials Supply Chain Management, this course will enable you to understand and apply models for better performance in competitive world markets. The training program outline is up to date and pertinent to marketplace requirements, thus catering well to all analytical prediction of training needs in the specified area. A customised proposal can also be arranged, to suit the training requirement of your team.
By the end of the program, participants will be able to:
- Define the objectives and functions of materials and supply chain management (stock control, purchasing, stores and physical distribution) and how they relate to each other
- Forecast future demand for different stock items
- Classify stock items based on the ABC classification model
- Set Re-Order Points (ROP), EOQ and safety stocks for different stock items
- Explain the basic purchasing process and demonstrate how to apply the Incoterms
- Apply best practices in warehouses to maintain accurate inventory records
- List the various transportation functions and costs
- Use the right Key Performance Indicators (KPIs) for the measurement and evaluation of the supply chain department’s performance
Definitions of Materials Management
- The Functions and Objectives of Materials Management
- Organization, Policies, and Procedures
- The Importance of Customer Service in Materials and Supply Chain
- Problems in Materials Management
Inventory Planning and Stock Control
- Inventory Costs
- The ABC Classification
- Application of the ABC Classification
Forecasting and Planning in Materials Management
- How to Deal with Conflicting Objectives
- Forecasting Objectives
- Different Forecasting Models
- Evaluation of Forecasts
Materials Planning and Control
- The Economic Order Quantity
- The Maximum/Minimum System
- The Importance of Controlling Lead Time
- Setting the Re-Order Levels
- Setting of Safety Stocks
How to Deal with Constrained Quantity Discount Schemes
- The Purchasing Function
- Basic Purchasing Process
- Factors to Consider when Selecting Suppliers
- Definition and Application of Incoterms
- Negotiating with Suppliers
- Receiving, Storage and Issuing
- Inventory Record Accuracy
Periodic Cycle Counting
- The Transport Function
- Responsibilities of Traffic
- Cost-Reduction Opportunities
Productivity in Materials
- Definition of Productivity
- Causes of Lost Time
Materials and Supply Chain Management through Performance Analysis
How to Set KPIs
- The Most Important KPIs in Materials and Supply Chain
Who should Attend?
Individuals involved in any or all functions of materials and supply chain management (inventory, warehousing, purchasing and transportation), individuals who are concerned with successfully providing acceptable customer or user service at a minimum cost; individuals who seek to know more about the role of materials management.
- All our courses can be facilitated as Customized In-House Training course.
- Course duration is flexible and the contents can be modified to fit any number of days.
- As for Open Enrolment Courses, we offer our clients the flexibility to choose the location, date, and time and our team of experts who are spread around the globe will assist in facilitating the course.
- The course fee includes facilitation, training materials, 2 coffee breaks, buffet lunch and a Certificate of successful completion of Training.
- FREE Consultation and Coaching provided during and after the course.