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Purchasing and Supply Chain Management

Understand the essence of effective Supply Chain Management


Course Outline


Module 1                

The Background to Stock Control


  • Introduction
  • Definitions of Stock Control/Inventory
  • Reasons for holding stock
  • Types of Stock



Module 2      

Stock Management 1


  • Why practice Stock Control?
  • Costs of Carrying Stock
    • Maximizing Stock turnover for Competitive Advantage
    • Booking-in, Reception,
    • Put away-Storage systems
    • Picking, Dispatch
    • Minimizing Stock Losses




Module 3                

Stock Management 2


  • Bar Coding systems
  • Selection of Storage Techniques
  • Use of EDI Links for stock ordering
  • Parts identification
  • Continuous Inventory knowledge


 Module 4               



  • The Distribution system
  • Role of Depots and Warehouses
  • Integrated transport
  • Integrated systems


Module 5                

Channels of Distribution


  • Differing types, Structure
  • Third party v Self organization


Module 6                

Information Technology


  • The Impact of Technology
  • Availability of Systems
  • ‘Paperless Warehouse’
  • Scanners, Chips and Radios
  • Maximizing the space!



Module 7                

Forecasting Demand and Forward Trends


  • Forecasting and Replenishment –Background
  • Error avoidance in forecasting
  • Dealing with uncertain demand
  • Casual forecasting






Module 8                

JIT systems, MRP


  • Thinking and Principles of JIT
  • Achieving the aims
  • Benefits of JIT
  • MRP-benefits
  • Limitations of both systems
    • Comparisons of other inventory systems


Module 9                

Changing nature of the Supply Chain


  • Setting Stock and Service levels
  • Trends in logistics and distribution
  • Trends in Information Technology-automation
  • Centralization of Distribution nodes-‘the Global approach’

Course objectives

After completing the programme, participants should be able to:

  • Recognize the distinctive nature of the topic
  • Understand the role of Stock Management within Organizations
  • Appreciate the challenges of the changing nature of the industry and the effective implementation of new and emerging systems
  • Plan and organize more effectively – including scheduling
  • Understand basic techniques such as Demand Forecasting, JIT, and MRP
  • Understand the essence of effective Warehouse Planning
  • Monitor and measure performance
  • Describe the terms used in the Industry and be familiar with these
  • Develop an ability to forecast Demand
  • Use a structured approach to warehousing and its solutions
  • Describe the main ways in which line managers can contribute to the development of good Stock Control
  • Develop an ability to recognize commercial opportunities in good Inventory Control
  • Provide and recognize timely information systems
  • Have an in-depth practical understanding of the main elements of first line management of Stock Control, Warehousing and Logistics
  • Identify key factors that enhance an innovative approach to Stock Control
  • Understand the differing approaches to Inventory Control
  • Examine the alternative methods of holding and maintaining stocks, EOQM’s
  • Identify and apply some specific planning tools and approaches as necessary in their own work responsibilities
  • Appreciate the necessity of good liaison with all areas of the supply chain
  • Apply some basic modeling techniques
  • Be aware of the broad management roles that the participants play in relation to their roles as key managers in the supply chain
  • Identify the roles managers fulfill in the Supply Chain and their roles
  • Understand the demands, constraints and pressures of the Supply Chain Managers
  • Identify areas where individuals need to develop competence as effective operations management
  • Explain the importance of customer service levels
  • Recognize the implications of stock outs, material handling
  • Appreciate the need to adopt differing styles of leadership appropriate to the circumstances of their jobs
  • Choose and apply suitable techniques at appropriate points in the planning process
  • Plan and schedule the activities for which they are responsible


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