MATERIALS INVENTORY, DEMAND FORECASTING & SUPPLY CHAIN

This 2-day program aims to equip participants with a sound working knowledge in the integration of Materials Inventory, Demand Forecasting and Supply Chain Management. Participants will acquire the skills and competencies related to the operational, financial and quantitative tools and techniques that are widely applicable in the Supply Chain functions. It will also holistically present the best practices and explain the concepts and calculations for optimizing your inventory and demand forecasting parameters.

A. MATERIALS INVENTORY PLANNING 1. Inventory Management 2. Role of the Materials Controller 3. Classification of Inventories 4. Types of Inventory Control System 5. Ordering Policy and Control System 6. Factors Affecting Materials Planning & Control B. DEMAND FORECASTING 1. Forecasting Demand Affects All 2. Matching Supply and Demand 3. Strategic Forecasting 4. Types of Forecasting 5. Improving Forecasting Accuracy 6. Case Study - The Current Market Conditions C. SUPPLY CHAIN MANAGEMENT 1. The Evolvement Pre Covid-19 to Post Covid-19 Key Objectives 2. Key Activities of Supply Chain Management and Issues 3. The Lean Approach in SCM 4. Purchasing / Procurement 5. Store / Warehouse Operations and Transport Management 6. Information Flow INTEGRATING THE LINCHPINS OF MATERIALS INVENTORY - DEMAND FORECASTING - SUPPLY CHAIN OPERATIONS