Materials and Supply Chain Management

Fine Falcon Solutions
Course summary
10 days
4,575 USD
Open / Scheduled
Next available date: Contact Us - Islamabad
Course Dates
Abu Dhabi
Contact Us  (English)
Contact Us  (English)
4,575 USD
Contact Us  (English)

Course description

This course is all about equipping attendants with objectives, competencies of materials supply chain management and scope functions. You will be able to understand and utilize various models to improve performance in the global markets that are extremely competitive. The outline of this program is latest and developed keeping in mind marketplace requirements, which is why it has the power to fulfill the analytical prediction of training requirements in the specified field.

Course Outline

Materials Management Definitions
  • The Functions and Objectives of Materials Management
  • Organization, Procedures and Policies
  • Customer Service importance in Materials and Supply Chain
  • Issues faced while managing materials
Inventory Planning and Stock Control
  • Inventory Costing
  • The ABC Classification
  • Application of the ABC Classification
Estimation and Planning in Materials Management
  • Best Ways to Deal with Conflicting Objectives
  • Forecasting Goals
  • Various Forecasting Models
  • Assessment of Forecasts
Planning of Materials and its Control
  • The Economic Order Quantity
  • The Minimum/Maximum System
  • The Significance of Managing Lead Time
  • Setting the Re-Order Levels
  • Setting of Safety Stocks
Dealing with Constrained Quantity Discount Schemes
  • The Purchasing Function
  • Core Purchasing Process
  • Things to Consider while Choosing Suppliers
  • Definition and Application of Incoterms
Suppliers Assessment
  • Negotiating with Suppliers
  • Warehousing
  • Receiving, Storage and Issuing
  • Inventory Record Precision
Periodic Cycle Counting
  • The Transport Function
  • Traffic Responsibilities
  • Cost-Saving Opportunities
Productivity in Materials
  • Productivity Definition
  • Reasons for Lost Time
Materials and Supply Chain Management via Performance Analysis

KPIs: How to Set them?
  • The Most Critical KPIs, or Key Performance Indicators in Materials and Supply Chain

Who is it for?

Professionals who are involved in any or all functions of materials and supply chain management, be it warehousing, purchasing, inventory or transportation. People who want to know how to provide acceptable customer or user service at the lowest rates and individuals who are looking to learn about the role of materials management are also some of the target individuals for whom "Materials and Supply Chain Management" program has been designed.

Learning Objectives

As "Materials and Supply Chain Management" program will come to an end, the attendants will be capable of doing the following:
  • State the goals and functions of materials and supply chain management i.e. stock control, stores, physical distribution and of course purchasing. Participants will also know how all these are related to each other
  • Estimate and predict the future demand for various stock items
  • Categorize stock items using the ABC classification model
  • Establish Re-Order Points, also known as the ROP, EOQ and safety stocks for various stock objects
  • Describe the core buying process and practically show how the Incoterms are applied
  • Make use of the best practices in warehouses in order to manage precise inventory data
  • Jot down different transference functions and pricing
  • utilize the right Key Performance Indicators, also known as the KPIs for the assessment of the performance of supply chain department

About provider

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Fine Falcon Solutions

Fine Falcon Solutions is a consulting firm that works on a global level to provide leading businesses development solutions to move forward and succeed in their respective professional fields. Fine Falcon focuses on providing such courses that bring the best...

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Fine Falcon Solutions

Office No. 804
B2B Tower

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