Supply Chain Management Training Course
Supply Chain Management (SCM) is a cross functional discipline which plans, monitors and controls the movement and storage of raw material, work-in-process (WIP), and finished goods inventory from their point of origin to their point of consumption. Proper management of the supply chain is crucial to the success of organizations in nearly every industry.
The activities involved in SCM include
- selecting the most appropriate suppliers (based on unit cost, shipping costs, tariffs, quality, lead times, etc.)
- managing inventory levels to minimize holding costs while avoiding down time or delayed shipments due to running out of material / finished goods
- forecasting, and where possible shaping demand for products and services
- minimizing waste associated with obsolescence / expired products
- determining the optimal distribution strategy (direct shipping, retailers, distributor storage with last-mile delivery, etc.) for products
This class uses multiple case studies and hands-on exercises to illustrate the different aspects and challenges of managing a supply chain and some of the techniques which can be implemented to minimize costs and ensure product availability.
This course is taught by Dr. Jon Padfield who teaches Supply Chain Management for Purdue University and who previously worked as a Global Supply Chain Manager for a $1.6 billion, multi-national medical device company.
Topics covered in this class include:
- What is a Supply Chain?
- Shifting Priorities as Products Mature
- Integrating Business Strategy with Supply Chain Design
- Measuring Supply Chain Performance
- Considerations for Designing Distribution Networks
- Techniques for Demand Forecasting
- Demand Shaping – Sales and Operations Planning
- Aggregate Planning - Coordinating with Supply Chain Partners