Recently we experienced the importance of supply chain and impact of supply chain disruptions in all sectors across the world during the recent Covid wave. Billions of dollars’ worth of business lost because of lack of preparedness and planning. This workshop tries to create awareness, hands on training about supply chain analytics and bring much needed tools to industry professionals. Professionals are able to see the power of analytics in supply chains. Supply Chain Modelling using Linear Programming (LP) is a very useful tool for the professionals to optimize total supply chain costs. In this course, we used excel solver to master some complicated modelling techniques.

Whom to Attend:

Purchasing & Materials Managers/Executives, Logistics Managers, Supply Chain Managers from Production, IT Managers, Finance, Marketing and R&D areas who interface with the Purchasing & Materials Management.
Professionals from Supply chain/Logistics and Warehouse industry, Manufacturing Professionals working in procurement departments, Strategy and Management Consultants advising companies on supply chain strategies, Bigdata professionals and data scientists are keen to understand the supply chain dynamics and keen to build business models.

Topics Covered:

• Introduction to Supply Chain Analytics.
• Supply Chain Challenges in today’s business world.
• Demand Forecasting Models.
• Inventory Management Systems and Procurement Strategies.
• Plant and Warehouse Decisions such locations and capacity etc.
• Decisions related to transportation & freight – transportation modes, containerization, port operations.
• Supply Chain Model building using Linear programming.
• Scope of AI & ML in Supply Chains.
• AI/ML applications/Cases in Supply Chain.
• Building Resilient Supply Chains and SCOR Model.

Workshop Structure

This online (Zoom) workshop is 12 days program and would be open for registered participants. The registered and paid participants would be eligible to attend the workshop starting 13th June to 25th June 2022, between 7 PM – 9 PM, excluding Sundays. Problem Solving practice sessions on Saturday (18-June-2022) from 11.00 AM to 01.00 PM (2 Hours) and Interactive session on Sunday (25-Jun-2022) from 11.00 AM to 01.00PM.

Participants gets free access to lot of material related to SCM Analytics such as videos, cases and SCM problem solving approaches etc. for 6 months. Please visit the page for more details – https://www.msmeonline.in/e-learning/

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Recently we experienced the importance of supply chain and impact of supply chain disruptions in all sectors across the world during the recent Covid wave. Billions of dollars’ worth of business lost because of lack of preparedness and planning. This workshop tries to create awareness, hands on training about supply chain analytics and bring much needed tools to industry professionals. Professionals are able to see the power of analytics in supply chains. Supply Chain Modelling using Linear Programming (LP) is a very useful tool for the professionals to optimize total supply chain costs. In this course, we used excel solver to master some complicated modelling techniques.

Whom to Attend:

Purchasing & Materials Managers/Executives, Logistics Managers, Supply Chain Managers from Production, IT Managers, Finance, Marketing and R&D areas who interface with the Purchasing & Materials Management.
Professionals from Supply chain/Logistics and Warehouse industry, Manufacturing Professionals working in procurement departments, Strategy and Management Consultants advising companies on supply chain strategies, Bigdata professionals and data scientists are keen to understand the supply chain dynamics and keen to build business models.

Topics Covered:

• Introduction to Supply Chain Analytics.
• Supply Chain Challenges in today’s business world.
• Demand Forecasting Models.
• Inventory Management Systems and Procurement Strategies.
• Plant and Warehouse Decisions such locations and capacity etc.
• Decisions related to transportation & freight – transportation modes, containerization, port operations.
• Supply Chain Model building using Linear programming.
• Scope of AI & ML in Supply Chains.
• AI/ML applications/Cases in Supply Chain.
• Building Resilient Supply Chains and SCOR Model.

Workshop Structure

This online (Zoom) workshop is 7 days program and would be open for registered participants. The registered and paid participants would be eligible to attend the next workshop starting 23rd May  – 27th May, 2022, between 7 PM – 9 PM, excluding Sundays. Problem Solving session on Saturday (28-May-2022) from 11.00 AM to 01.00 PM (2 Hours) and Interactive session on Sunday (29-May-2022) from 11.00 AM to 01.00PM.

The post Online Workshop on “Supply Chain Analytics for Global Competitiveness” appeared first on IPQC Consulting.

Recently we experienced the importance of supply chain and impact of supply chain disruptions in all sectors across the world during the recent Covid wave. Billions of dollars’ worth of business lost because of lack of preparedness and planning. This workshop tries to create awareness, hands on training about supply chain analytics and bring much needed tools to industry professionals. Professionals are able to see the power of analytics in supply chains. Supply Chain Modelling using Linear Programming (LP) is a very useful tool for the professionals to optimize total supply chain costs. In this course, we used excel solver to master some complicated modelling techniques.

Whom to Attend:

Purchasing & Materials Managers/Executives, Logistics Managers, Supply Chain Managers from Production, IT Managers, Finance, Marketing and R&D areas who interface with the Purchasing & Materials Management.
Professionals from Supply chain/Logistics and Warehouse industry, Manufacturing Professionals working in procurement departments, Strategy and Management Consultants advising companies on supply chain strategies, Bigdata professionals and data scientists are keen to understand the supply chain dynamics and keen to build business models.

Topics Covered:

• Introduction to Supply Chain Analytics.
• Supply Chain Challenges in today’s business world.
• Demand Forecasting Models.
• Inventory Management Systems.
• Plant and Warehouse Decisions such locations and capacity etc.
• Decisions on Transportation and Freight – transportation modes, containerization, port operations.
• Importance of E-procurement and GEM Portal.
• Strategic Procurement and Supplier Development.
• Supply Chain Model building using Linear programming.
• Performance Management and SCOR Model.

Workshop Structure

This online workshop is 12 days program and would be open for registered participants. The registered and paid participants would be eligible to attend the next workshop starting 1st Mar  – 13th Mar, 2022, between 7 PM – 9 PM, excluding Sundays.

The post Workshop on Supply Chain Analytics for Global Competitiveness appeared first on IPQC Consulting.

Recently we experienced the importance of supply chain and impact of supply chain disruptions in all sectors across the world during the recent Covid wave. Billions of dollars’ worth of business lost because of lack of preparedness and planning. This workshop tries to create awareness, hands on training about supply chain analytics and bring much needed tools to industry professionals. Professionals are able to see the power of analytics in supply chains. Supply Chain Modelling using Linear Programming (LP) is a very useful tool for the professionals to optimize total supply chain costs. In this course, we used excel solver to master some complicated modelling techniques.

Whom to Attend:

Purchasing & Materials Managers/Executives, Logistics Managers, Supply Chain Managers from Production, IT Managers, Finance, Marketing and R&D areas who interface with the Purchasing & Materials Management.
Professionals from Supply chain/Logistics and Warehouse industry, Manufacturing Professionals working in procurement departments, Strategy and Management Consultants advising companies on supply chain strategies, Bigdata professionals and data scientists are keen to understand the supply chain dynamics and keen to build business models.

Topics Covered:

• Introduction to Supply Chain Analytics.
• Supply Chain Challenges in today’s business world.
• Demand Forecasting Models.
• Inventory Management Systems.
• Plant and Warehouse Decisions such locations and capacity etc.
• Decisions on Transportation and Freight – transportation modes, containerization, port operations.
• Importance of E-procurement and GEM Portal.
• Strategic Procurement and Supplier Development.
• Supply Chain Model building using Linear programming.
• Performance Management and SCOR Model.

Workshop Structure

This online workshop is 12 days program and would be open for registered participants. The registered and paid participants would be eligible to attend the workshop starting 01st Mar – 13th February, 2022, between 7 PM – 9 PM, excluding Sundays.

The post Workshop on Supply Chain Analytics appeared first on IPQC Consulting.

The main objective of the Supply chain Beer game is to analyze two important aspects of the supply chain, the total cost of the supply chain and orders placed in the supply chain.

Higher costs naturally have an impact on the profitability of the supply chain and higher-order variance in the supply chain result in higher magnitude orders being placed. The higher inventory stock at different stages in the supply chain again increases the costs, affecting the profitability negatively.

A. Supply Chain Costs :

Supply chain costs, though inevitable, are a pain for any supply chain manager. Shortage, excess holding, and obsolescence are inevitable in any supply chain. But the realization that the customer is not ready to incur these costs due to the suboptimal performance of the different SC entities like retailers, wholesalers, distributors, manufacturers on the distribution side is very revealing and new information to the students.

B. On variance Amplification of orders placed and Bullwhip Effect :

Analyze the orders paled i.e mean and standard deviation of orders placed by the downstream entities on the upstream entities right from the retailer to wholesaler, wholesaler to the distributor, distributor to the manufacturer, and finally manufacturer to the supplier, it is interesting to study “Bullwhip Effect” on Supply Chain Cost that irrespective of the supply chain practices, there was an amplification of the orders placed and amplification of the variance of the orders placed – this is the phenomenon, most commonly referred to as Bullwhip Effect.

Target Audience:

Professionals, Managers, Supervisors and Leaders from Supply chain, Logistics companies, SMEs, Retail chains, Warehousing and Transport companies.

Contents:

During this workshop we are going to discuss the important points such as :-

• Incorrect forecasts,
• Batching and pricing phenomenon,
• Rational thinking of behalf of the players and
• Selfish behavior of the entities to optimize their costs compromising the overall supply chain profitability.
• Also, we cover risk pooling aspects. Risk Pooling of the downstream entities like retailers, wholesalers, distributors, etc, by centralizing the inventories, instead of having decentralized inventories, can reduce the variance amplification in the orders placed. We are going to see a demo of how risk pooling and Information sharing can reduce the total cost of Supply Chains.

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