If there is one thing that most supply chain managers learnt from the Covid-19 pandemic, it is that they must become a lot smarter in managing inventory. This is because we’ve seen huge demands for certain items while the others just sat in the warehouse, draining the company’s scarce working capital. Companies didn’t have a shortage of inventory; they just had the wrong items stocked.
The solution is to build a resilient supply chain that can first handle disruptions and secondly, to be able to recover quickly. The solution is to reduce lead times throughout the supply chain and improve our planning methods.
During this course, you will learn the effect that long lead times have on your inventories. You will also learn to manage this process by implementing cross-functional teams. We will also discuss warehousing options and how they can be used to optimise the flow of materials through the facility to reduce overall effort and therefore cost.
At the end of the course, you will receive a thorough understanding of the supply chain process and be able to manage them more efficiently in your workplace.
- UNDERSTAND the importance of stock planning
- LEARN how suppliers and customers can be integrated
- STREAMLINE your procurement process