Supply Chain Management Essentials: Understanding the Basics

Why Should You Attend:

Effectively managing the supply chain is essential if a business is to be successful. With globalization, the challenge of time and distance are added to the task of supply chain management. This results in additional cost, hi-tech complexity and risk. Understanding how to successfully navigate the complexities and risks of modern supply chain management gives you a competitive advantage and places both you and your organization in a position for success.

If you need a basic, easy-to-understand, overview of supply chain management to enhance your performance and optimize your organization's return on investment, then this on-the-job training is perfect for you.

Learning Objectives:

• Understanding Supply Chain Basics
• Definition of Supply Chain
• Traditional Supply Chain
• Complex Supply Chain
• Supply Chain Goals to Improve Your Firm
• Forecasting Demand – The Basics (Think of Demand as Sales)
• Independent vs. Dependent Demand
• Recognizing Demand Patterns and Forecasting Demand
• Trends
• Random Fluctuations
• Seasonal Fluctuations
• Cyclical
• Forecasting Techniques
• Simple Moving Average (Excel Model)
• Weighted Moving Average (Excel Model)
• Exponential Smoothing (Excel Model)
• Four Methods to Measure Forecast Error
• Cumulative Sum of Error (Excel Model)
• Mean Square Root (Excel Model)
• Mean Absolute Deviation (Excel Model)
• Mean Absolute Percentage Deviation (Excel Model)
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Choosing a Manufacturing Layout
• Product Life Cycle
• Intermittent
• Cell
• Flow
• Continuous
• Project
The Production Plan
• Strategic Plan and Budget
• Production Plan Strategies
• Chase
• Level Production
• Hybrid
• Subcontracting
• Calculating Estimated Ending Inventory ((Excel Model)
• Developing a Level Production Plan
• Resource Requirements Planning (RRP) First Check That Production Will Meet Demand
• Rough Calculation Examples – RRP (Excel Model)
The Master Production Schedule (MPS)
Projected Available Balance
• Rough Cut Capacity Planning (RCCP) Second Check That Production Will Meet Demand
• Available to Promise (ATP) (Excel Model)
• Master Production Schedule (MPS) (Excel Model)
Material Requirements Planning (MRP)
• Inputs to MRP
• Product Structure File (BOM)
• Inventory Record File
• Item Master File
• Bill of Material (BOM) Based on Independent and Dependent Demand Excel Model
• Time Phasing, Gantt Chart and Excel Model
• MRP Software Overview
Capacity Requirements Planning (CRP) Third Check That Production Will Meet Demand
• Available Time
• Utilization
• Efficiency
• Rated Capacity
• Comprehensive Excel Model
Production Activity Control
• Flowchart for the Order Release Process
• Strategic Plan – Manufacturing and Control Hierarchy
• Understanding Inventory
• Customer Service
• Safety Stock
• Stock Out
• Carrying Cost vs. Ordering Cost
• EOQ: Economic Order Quantity (Excel Model)
• Inventory Management Techniques
• Vendor Managed Inventory (VMI)
• Consignment Inventory
• ABC Analysis and the Pareto Rule (Excel Model)
• Elements of Supply Chain Sustainability

Areas Covered in the Webinar:

• Understand demand and the types of demand
• Identify different patterns of demand
• Forecast demand using various forecasting techniques - overview
• Understand forecast error and how to compensate
• Overview of the manufacturing process
• Different manufacturing strategies for different types of products
• How the product life cycle influences manufacturing strategies
• Overview of the production planning process
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Create strategies for designing a production plan related to your business model
Use Resource Requirements Planning (RRP) to evaluate the capacity required by your production plan
Learn how the Master Production Schedule relates to your production plan
Design a Master Production Schedule/understand Projected Available Balance (PAB)
Understand Rough Cut Capacity Planning (RCCP) to help validate the capacity needed for the Master Production Schedule (MPS)
Use the planning tool Available-to-Promise (ATP) before making commitments to customers
Gain an overview of Material Requirements Planning
Understand a Bill-of-Material and its importance to Material Requirements Planning
Understand how to plan Manufacturing Lead-Time
Understand MRP logic and use of Lead-Time Offsetting and Exploding planning tools
Understand how MRP and supply chain enterprise software work in terms of planning orders, released orders, MRP action messages and MRP exception messages
Learn Capacity Requirements Planning (CRP) to help validate the capacity needed for the Material Requirements Plan (MRP)
Use Excel to calculate available capacity, available time, utilization and efficiency
Understand production activity control
Obtain an overview of manufacturing planning and control
Obtain an overview of inventory, cost accounting and inventory control
Learn about customer service and safety stock and stock out
Understand inventory carrying costs and ordering costs and their relationship
Calculate the Economic Order Quantity (EOQ) using a simple Excel model
Better manage, account for and control Inventory
Use Pareto's Law along with Excel tools for easier supply chain management
Understand what your customers expect and meet customer expectations
Understand supply chain sustainability

Who Will Benefit:

• Manufacturing and engineering professionals
• Accountants and financial professionals, from staff level to CFO, and especially cost accountants
• CIO and IT professionals who need an overview of this business process and enterprise software
• CEOs and business owners
• Business logistics personnel
• Anyone new to supply chain management needing a quick but comprehensive overview
• Any business professional looking to supplement their knowledge

Joe Weil
CEO, NCCE

Joe Weil, CPA, M. Acc., is the president of the National Center for Continuing Education (NCCE), a Tallahassee based nationwide financial training firm. With over 25 years’ experience, Mr. Weil has led over 400 seminars on Excel and financial topics and several highly acclaimed webinars on the same topics. He is a former corporate controller, former state agency director of auditing, and a former municipal CFO.

Mr. Weil earned his Master of Accounting Degree at Florida State University. His training clientele include Harley-Davidson, Hewlett-Packard, Oracle, Deloitte, Florida Power and Light, Motorola, National Institute of Science and Technology, and many others.

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