By the end of this course, delegates will be able to:

• Understand the strategic concept of supply chain and its tactical and operational application
• Understand the critical impact of inventory on the supply chain
• Demonstrate knowledge of logistics operations and associated supply chain issues, and their impact on supply chain performance
• Critically analyze and evaluate best practice solutions identifying those best suited to the management of inventory
• Devise and utilize effective measures of performance to maintain and sustain improved supply chain operations
• Lead in the management of inventory using and applying checklists and models for the planning, execution and improvement of existing and future supply chain operations

Day 1

• Introductions, course objectives, learning outcomes agreed, key messages
• Strategic contribution of the supply chain
• Supply chain process
• Components and drivers of the supply chain

Day 2

• Components and key drivers of inventory
• Inventory management - How much to order and when to order
• Forecasting and demand analysis
• Operational inventory management issues

Day 3

• How Supply and Procurement affects inventory
• Application of Information Services and Technology
• Inter-relationship of Transportation and Inventory across the Supply Chain
• Warehousing and Materials Handling of Inventory

Day 4

• Reverse logistics, disposal and decommissioning
• Environmental issues including health and safety
• Global Supply Chain Management and international trade
• Inventory within the supply chain case study

Day 5

• Inventory management process improvement
• Performance measurement and improvement
• SCM Best Practice and Trends
• Course conclusion; Review and Participants Action Plans