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It is not uncommon for small to mid-sized businesses to get tangled up in inventory and supply chain issues. The supply environment has run in a steady state for decades; however, a new paradigm has emerged. This course helps manufacturing leaders to understand and become proficient in inventory & supply chain management.
Who Should Take This Course
Individuals who are responsible for planning, purchasing, inventory control, or operations functions.
What You’ll Learn
This course will help participants to:
- Articulate and understand the components of supply chain planning
- Understand and apply the principles of demand & capacity planning
- Learn how to create risk & cost-based controls for effective inventory management
- Experience creating and using inventory & supply chain key performance indicators
- Perform supply chain mapping
- Learn best practice Supplier Scouting techniques
- Learn what implementing a formal Inventory Management and Supply Chain program entails
What You’ll Learn
- Supply Chain Management (SCM) principles and key processes
- Demand planning and customer management
- Operations and production planning
- Inventory programs and strategies
- Supplier management and procurement best practices
- Knowing your constraints and risk factors
- Sales, Inventory, and Operations Planning (SIOP) program
- Case study and attendee assignment
- How to benchmark Suppliers
- Where and How to Research New Potential Suppliers
- Exploring Alternative Supply Chain Options
- Setting Up Vetting Criteria/Scoring Standards
- The “Right Way” to Interview Suppliers
- Connecting the dots between Finance and Strategic Planning
- Performance measurement and key performance indicators (KPIs)
- Getting the organization and stakeholders on-board
- Assignment report-out
Meet Your Instructor
Supply Chain 101 Benefits
Participants will benefit by learning how to protect key customers, anticipate supplier issues, and manage inventory cash flow impacts. Additional benefits:
- This will be an interactive experience with subject matter expert-led lessons and corresponding manufacturing-based case studies.
- This program takes a “learn today, apply today” approach to drive dramatic improvements in your business.
Cancellation Policy
Cancellations received up to 5 business days prior to class start date will not be charged the training fee, or will be refunded if payment has already been submitted. Cancellations 1-3 business days prior to class will be charged the training fee. As a courtesy, we will allow you to apply 50% of your payment towards a future training course within one year of the cancellation date. No refund will be provided for same-day cancellations and no-shows; customer is responsible for full payment without future training credit. Registrant substitutions may be made at any time. Cancellations must be submitted via email to eharviall@dvirc.org.