On this course, you'll integrate analytical techniques for optimisation with the current issues and latest developments in technology relating to logistics and operations management.
Given the global Supply Chain demands Supply Chain professional should never stop developing new skills and enhancing existing ones. Here are 8 core supply chain competencies that Supply Chain professionals need to master and continually improve in no particular order!
Capacity Planning Assuring that needed resources e. In other words, capacity planning focuses on determining the appropriate production levels that the company is capable of completing.
Demand Management The demand management is the process of determining what customer will purchase and when, in other words predicting demand. The competency includes the use of high analytical techniques, excel spreadsheets and may be software to generate baseline statistical forecasts.
In my view demand management is one the most important Supply Chain competencies. Order Processing Out of all supply chain competencies, Order Processing is the most under rated competency.
Order processing entails the system that an organisation has for getting orders from customers, checking the status of orders, communicating with customers about them, and actually filling the order and making it available for customers.
In some business, it also includes processes until invoicing. Part of the order processing includes checking inventory status, customer credit and accounts receivable in some businesses.
The knowledge and skills necessary to manage the receipt and scheduling of customer orders. Processes included in this competency include standard order receipt, exception identification, and exception resolution.
Key to the success of this function are 1 the ability to work effectively with customers to clarify requirements and negotiate solutions when constraints exist, and 2 the ability to work effectively with other company functions to assess ability to meet customer needs and to develop workaround solutions when necessary.
Master Production Scheduling The Master Production Scheduling is a statement of the anticipated manufacturing schedule for selected items by quantity per planning period Fogarty and Hoffman ; Higgins and Tierney This supply chain competency also includes evaluation of plant capacity effectively, attaining the strategic objectives of the business as reflected in the production plan.
Unlike a forecast of demand, the master schedule represents a management commitment, authorizing the procurement or manufacturing or materials in most cases. The key objective of inventory management is to increase corporate profitability through improved inventory activities such as demand planning, inventory optimization, safety stock management, excess and obsolete inventory management or right inventory levels to meet customer services expectation with minimum possible inventory.
You can read another useful definition of inventory management here. This process involves the monitoring of stocks and, in particular, the automatic creation of procurement proposals for purchasing and production.
In doing so, material requirements planning tries to strike the best balance possible between Optimizing the service level and Minimizing costs and capital lockup. The material requirements planning process needs all the information on stocks, stock reservations, and stocks on order to calculate quantities, and also needs information on lead times and procurement times to calculate dates.
Purchasing or manufacturing orders are subsequently planned and either placed or deferred by pull in or push out messages. Logistics, Warehousing and Distribution One of the key supply chain competence is to management physical flow of the goods, which mean the knowledge and skills necessary to effectively manage logistics communication, warehouse and storage management, material handling and distribution of goods including reverse logistics.
This includes activities like Goods-in receivingputy-a-way to stores, picking, packing, shipping and managing return goods from customer. The competency includes the knowledge and understanding of above-mentioned activities, creating right processes as well as effective application.
Knowledge of Continuous Improvement Processes or Methods As the name suggests knowledge of the processes or methods that seek to improve performance, which assumes more and smaller incremental improvement steps.
In general learning and implementing the best known of these are the aforementioned: Bu learning these philosophies it is not the rate of improvement which is important, it is the momentum of improvement in the area you want to improve. Those are the 8 most indispensable Supply Chain competencies I believe.
Each of them has definitely given my career a huge technical edge. I hope some of them are helpful for you too.
Airbus says it will shortly make decisions about its future in the UK Germany and Spain covet work on wings done at Broughton Any disruption could hand advantage to Boeing “Scarebus” was the. Supply chain management (SCM) is the oversight of materials, information and finances as they move from supplier to consumer. SCM professionals essentially manage the entire lifecycle of a product: how it’s acquired, distributed, allocated and delivered. View Notes - final exam review from SCMT at University of Arkansas. Introduction to Supply Chain Management FINAL EXAM REVIEW Logistics Management Flow Storage Total costs Supply Chain83%(6).
Which competency is your favorite of the above? Or do you want to add any more technical competencies I have missed?We would like to show you a description here but the site won’t allow us. Internal Factories A company's own operations: External Factories A company's suppliers and customers: Supply Chain The entire network of organizations involved in (1) Converting raw materials and information into products and services, (2) Consuming the products and services, and (3) Disposing of the products and services.
The underlying Supply Chain technical competencies are skills, knowledge and characteristics that support the effective performance as Supply Chain professional. Given the global Supply Chain demands Supply Chain professional should never stop developing new skills and .
Build on your business skills and develop your understanding of the flow of information between suppliers, manufacturers, logistics service providers, retailers and consumers on this MSc Logistics and Supply Chain Management degree course.
Supply Chain Final Exam Study Guide Kyle Whittall PowerPoint 2: Operations Management (OM): The management of processes used to design, supply, produce, and deliver valuable goods and services to customers Supply Chain (SC): The global network of organizations and activities involved in designing, transforming, consuming and disposing of goods.
Accreditation Handbook (PDF, MB). The accreditation program leading to the Certified Supply Chain Management Professional (CSCMP) designation is the most comprehensive in the field of supply chain management and is balanced to deliver advanced supply chain management knowledge and .