Supply Chain Planning and Inventory Management

Overview/Description
Target Audience
Expected Duration
Lesson Objectives
Course Number

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Overview/Description
Key components of supply chain management include planning demand and supply, along with inventory management. From raw material to finished product, planning and managing the process is key to implementing successful supply chain management systems. In this course, you will learn how to how to achieve a strategic fit between your supply chain management and competitive strategies. Once your strategies are determined, you will learn about the forecasting and planning processes. Finally, you will discover different types of inventory management and how to maintain optimal levels of inventory across the supply chain. In other words, you will understand what is required to get the right materials to the right place, at the right time.

Target Audience
Managers, team leaders, implementers, project managers, and coaches considering or in the process of managing the implementation of SCM systems across their organizations.

Expected Duration (hours)
5.0

Lesson Objectives

Planning for Supply and Demand

recognize the benefits of effectively planning for supply and demand within an organization's supply chain.

associate an organization's planning activities to the steps for developing an effective supply chain strategy for satisfying customers.

identify accurate descriptions of the four types of forecasting methods used to predict customer demand for a product or service.

identify the types of information that should be gathered for a supply chain aggregate plan.

apply effective aggregate planning strategies to properly balance cost, production and customer demand within a supply chain.

relate the supply chain activities of an organization to the supply and demand methodology they each support.

effectively manage an organization's supply and demand variableness based upon an evaluation of its production initiatives in a given scenario.

Inventory Management

recognize the benefits of successfully managing inventory within an organization's supply chain.

associate the costs that affect the level of cycle inventory within a supply chain to examples of each.

select factors that influence an organization's levels of safety inventory.

match the levers for improving supply chain profitability to an organization's inventory practices that accomplish each.

identify the costs that an organization needs to consider to maintain optimal product levels within a supply chain.

determine the best method for achieving an optimal level of product availability within an organization.

Course Number:
OPER0503