Introduction to Supply Chain Management and
Procurement
Overview of Supply Chain Management:
Definition, importance, and
scope of supply chain management.
Key elements of a supply
chain: Suppliers, manufacturers, distributors, retailers, and customers.
The relationship between
supply chain management and overall business success.
Types of Supply Chains:
Traditional supply chain vs.
modern, integrated supply chains.
Global supply chains and
challenges.
The role of technology in
supply chain management.
Procurement and Sourcing:
Procurement lifecycle:
Supplier selection, contract negotiation, and purchase orders.
Sourcing strategies: Global
vs. local sourcing.
Supplier relationship
management: Communication, negotiation, and performance monitoring.
Inventory Management, Distribution, and
Logistics
Inventory Management:
The role of inventory in the
supply chain.
Techniques for optimizing
inventory: Economic Order Quantity (EOQ), Just-In-Time (JIT), and ABC Analysis.
Inventory visibility and
tracking: Barcode, RFID, and warehouse management systems (WMS).
Distribution Management:
Understanding distribution
channels and their importance.
Distribution network design:
Centralized vs. decentralized models.
Managing distribution costs:
Transportation, warehousing, and inventory holding costs.
Logistics Management:
The role of logistics in
supply chain management.
Transportation planning:
Selecting modes of transport, optimizing routes, and managing costs.
Warehouse management: Layout
planning, order picking, and storage optimization.
Demand Forecasting, Supply Chain Optimization,
and Risk Management
Demand Forecasting:
Introduction to demand
forecasting techniques.
Quantitative vs. qualitative
forecasting methods: Moving averages, exponential smoothing, and regression
analysis.
The impact of accurate
forecasting on supply chain efficiency.
Supply Chain Optimization:
The importance of supply chain
optimization: Cost reduction, lead time reduction, and service improvement.
Techniques for improving
supply chain efficiency: Lean principles, Six Sigma, and Total Quality
Management (TQM).
The role of technology:
Advanced software tools for optimization and decision-making.
Risk Management in Supply Chain:
Identifying and mitigating
supply chain risks: Disruptions, delays, and uncertainties.
Creating contingency plans and
developing risk management strategies.
Case studies of supply chain
disruptions and lessons learned.
