Course Objectives

By the end participants will be able to

• Appreciate the implication of the impacts of logistics & materials management and purchasing functions both internally and external to the organization
• Apply the concepts of international logistics / freight procedures & documentation
• Appreciate the importance of effective resources planning
• Develop optimized work processes and financial areas
• Learn how to effectively manage inventory utilizing selective inventory strategic policies
• Develop specific action plans to further develop their role and organizational

Course Outline

The Role of Logistics and Supply Chain Management in Modern Businesses

• Evaluate Logistics Role in the current Business Process
• The Evolution of Supply Chain Management and Supply Chain Dynamics
• The Application of a Supply Chain Approach
• How to use and Apply the Supply Chain Operations
• Identifying Supply Chain Instabilities and Risks

Linking Strategies and Improvement in Cost and Productivity in Procurement

• Developing Spend Analysis for establishing Purchase Prices Index
• Examine the Total Cost of Ownership
• Analyze Supplier Portfolio and Classification utilizing and applying
• Formulate, Plan and organize Strategic Purchasing Plans
• Illustrate the Effective Order-cycle and Lead-time Effect on Purchasing
• Plan and Organize for Negotiations

Strategic Supply in Materials Management

• Formulate, Plan and Organize Formal Procedures for making Stock Decisions
• Explain, Discuss and Review Safety Stock Levels and Order Points
• Apply and Improve Min / Max Systems and Settings
• Using Material Forecasts
• Cataloging Materials for Effective Buying Process
• Developing Bills of Material for Effective Parts Management

Effective Inventory Planning and Control

• Setting Comprehensive Inventory Goals and Objective
• Effecting a Rationalization Strategy
• Calculating and Evaluating carrying Costs and Economic Order Quantity Theory
• Establishing a Strategic Focus with Pareto Analysis on Cost
• Improving Material Identification and Coding
• Creating Best Practices in the Physical Control of Materials
• Measuring Record Accuracy and Improving Cycle Counting Systems

Tactical and Operational Approaches in Transportation Economics

• Apply the Role of Transportation in Logistics to the Organization
• Identify and Recognize Transportation Management Strategic Key Decisions
• Explain, Discuss and Review the Types of Mode and Intermodal Systems
• Show and Illustrate the International Commercial Terms in Transportation and the Liabilities
• Identify and Review Hazardous Materials Transportation

Who Can Benefit

• Senior Professionals in Logistics Functions
• Purchasing, Warehouse and Inventory Personnel
• Financial and Materials Management Teams

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