Purchasing and 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               

Logistics

• 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’

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