Supply Chain Planning and Inventory Management Supply Chain Planning and Inventory Management
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
5.0 hours
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.