CILT Endorsed Advanced Logistics and Material Management
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CILT Endorsed Advanced Logistics and Material Management Course
Introduction:
Advanced Supply Chain Management (SCM) is widely recognized as a crucial process within operational companies. Its significant impact on business operations is evident, as SCM directly influences customer service and financial outcomes. However, SCM is a complex undertaking due to the dynamic nature of numerous uncertainties involved. Consequently, many companies have recognized the need to enhance the skills of their SCM workforce to leverage this untapped potential.
This course aims to address these challenges by exploring various SCM best practices. Participants will gain valuable insights and solutions to navigate diverse scenarios and ensure the uninterrupted flow of materials at the lowest possible cost. By implementing the knowledge and strategies acquired in this course, participants will be equipped to optimize their SCM processes and drive overall business success.
Course Objectives:
By the end of the course, participants will be able to:
- Describe the objectives and functions of materials and supply chain management (stock control, purchasing, stores, and physical distribution) and explain how they relate to each other
- Categorize stock items based on the ABC classification model
- Calculate future demand for different stock items
- Identify Reorder Points (ROP), Economic Order Quantity (EOQ), and Safety Stocks (SS) for different stock items
- Apply the basic purchasing processes and use Incoterms appropriately
- Identify best practices in warehouses to maintain accurate inventory records
- List the various transportation functions and costs
- Appreciate the implication of the impacts of logistics & materials management and purchasing functions both internally and external to the organization
- Apply the concepts of international logistics/freight procedures & documentation
- Appreciate the importance of effective resources planning
- Develop optimized work processes and financial areas such as cash flow, cost reduction, and management
- Learn how to effectively manage inventory utilizing selective inventory strategic policies
Who Should Attend?
Those involved in any function of materials and supply chain management (inventory, warehousing, purchasing and transportation) who are concerned with successfully providing acceptable customer or user service at a minimum cost. This course is also appropriate for anyone who needs to know more about the role of materials management.
Course Outlines:
The Role of Logistics and Supply Chain Management in Modern Businesses
- Evaluate the logistics role in the current business process
- The evolution of Supply Chain Management and Supply Chain dynamics
- The application of a Supply Chain approach
- How to use and apply the Supply Chain Operations Reference Model (SCOR)
- Identifying Supply Chain Instabilities and Risks
- Internal supply chain risks
- PESTLE risks
- Inventory risks
- Disruption risks
- Security risks
- Procurement risks
Linking Strategies and Improvement in Cost and Productivity in Procurement
- Developing Spend Analysis for establishing purchase prices index
- Examine the Total Cost of Ownership
- Analyze Supplier portfolio and classification utilizing and applying Kraljic’s Matric and Porter’s 5 Forces
- Formulate, plan and organize Strategic purchasing plans
- Illustrate the effective order-cycle and lead-time effect on Purchasing
- Plan and organize for negotiations
Strategic Supply in Materials Management
- Formulate, plan and organize formal procedures for making stock decisions
- Explain, discuss and review safety stock levels and order points
- Apply and improve min/max systems and settings
- Using material forecasts
- Cataloging materials for the effective buying process
- Developing Bills of Material for effective parts management
Effective Inventory Planning and Control
- Setting comprehensive inventory goals and objective
- Effecting a rationalization strategy
- Calculating and evaluating carrying costs and economic order quantity theory
- Establishing a Strategic Focus with Pareto Analysis on Cost
- Improving material identification and coding
- Creating best practices in the physical control of materials
- Measuring record accuracy and improving cycle counting systems.
Tactical and Operational approaches in Transportation Economics
- Apply the Role of Transportation in Logistics to the organization
- Identify and recognize Transportation Management Strategic Key Decisions
- Explain, discuss and review the types of mode and intermodal systems
- Show and illustrate the International Commercial Terms in transportation and the liabilities
- Identify and review Hazardous materials transportation.