Optimizing Worldwide Operations: Mastering Global Supply Chain & Inventory Management & Leading like a Pro
Sub Category
- Operations
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Objectives
- Deep understanding of the each business function viz. Operations, demand planning, supply planning, inventory, warehousing, purchasing & logistics
- Introduction to business operations, Transformation Process, Operations in manufacturing, Service & retail organizations.
- What is Demand and Supply, What is key difference? Who are responsible to plan demand and supply? and related examples.
- Obstacles when demand and supply are imbalanced.
- Introduction to Supply Chain, Different flows in Supply Chain.
- Evolution of Supply Chain (From 1913's assembly line till now and way ahead)
- Insights of Supply Chain with respect to SCOR (Supply Chain Operational Reference) model
- What is value Chain and how it is interlinked with Supply Chain. Difference between Value Chain & Supply Chain
- What are job roles & responsibilities in Supply Chain function
- Supply Chain Flow with sequence of activities in the entire flow.
- Understand SCOR Model, Its Characteristics, Details about all processes in SCOR Model, Benefits of SCOR Model, KPI"s that are recommended in SCOR Model.
- Thoroughly understand what is demand Planning? Quick glance on difference between demand & sales.
- Thoroughly understand what are major determinants of demand in the market / What factors influence the demand of product or services
- Learn about Why demand planning, What are the benefits of demand planning & Role of a demand planner
- Learn about factors (Internal & External to Organization) Influence demand planning process.?
- Understand characteristics of Forecast, Forecasting process (Step by step), How to construct demand forecasts.
- Learn about Planning horizons in demand forecasting process.
- Understand different Types of forecasting process (Qualitative forecasting and quantitative forecasting and models inside these)
- Quick glance on which forecasting methods are best to use?Understand why aggregate level forecast accuracy is usually higher
- Learning about Inventory Management, types of inventory, 6 reasons to keep inventories..
- Activities involved in Inventory Management function
- Understanding Inventory Costs: A Comprehensive Overview
- Need of best inventory management today - From Burden to Opportunity : Unleashing the Hidden Value of Inventory Management
- Benefits of well managed inventory - From Chaos to Control Unleashing the Potential of well managed inventory
- Learn more about what is Purchasing, What is Procurement, How both of these differ.
- Understand what is Vendor Managed Inventory and what are its benefits.
- What is meaning of Selective Inventory Control Methods
- 9 Selective Inventory Control Methods - Categorization logic & uses (ABC, XYZ, FSN, HML, SDE, VED, S-OS, GOLF, PQR)
- Overview & Excel Calculation for ABC, XYZ, HML, FSN, S-OS, VED, SDE, PQR, GOLF Analysis.
- Categorizing Selective Inventory Control Methods in Microsoft Excel - Ready sheets for analysis in minutes.
- Inventory Replenishment planning methods, Four Inventory replenishment Methods
- What is Safety Stock, Why it is needed? Calculation of Safety Stock in Excel & Ready excel sheet for quick calculation
- Calculation of Reorder Point (ROP) in Excel & Ready excel sheet for quick calculation
- Calculation of Economic Order Quantity (EOQ) in Excel & Ready excel sheet for quick calculation
- Calculation of Min Max levels in Excel & Ready excel sheet for quick calculation
- Planning strategies in Business environments – All about MTO, MTS ATO & ETO.
- Learnings about 5 Step S&OP (Sales & Operations Planning process) with key stakeholders and responsibilities in each steps.
- Types of Planning in Supply Chain - Long term, Mid term and short term
- In-depth understanding of Logistics, Transportation & Warehousing.. Processes in each of them, Modes of transport, types of logistics..
- Key concepts like LTL, FTL, Reverse logistics, Types of warehouse, modes of transport and their differences.
- Case study of Wal Mart - For using best supply chain methods, technologies and leveraging world class supply chain benefits.
Pre Requisites
- English Language
- MS Excel Knowledge
- Learning & attentive mindset
FAQ
- Q. How long do I have access to the course materials?
- A. You can view and review the lecture materials indefinitely, like an on-demand channel.
- Q. Can I take my courses with me wherever I go?
- A. Definitely! If you have an internet connection, courses on Udemy are available on any device at any time. If you don't have an internet connection, some instructors also let their students download course lectures. That's up to the instructor though, so make sure you get on their good side!
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