Supply Chain Fundamentals: Understanding the Basics

Learn the skills to be a Supply Chain professional by aligning goals, improving efficiencies and increasing returns

Created by: John Mandic
OnLine Coach and Personal Trainer

What Will I Learn?

• Gain an understanding of Demand and the types of demand.
• Learn to spot the different patterns of demand.
• Learn to forecast demand using various forecasting techniques, which is the easiest method, which method will give you the best results.
• Understand forecast error and how to deal with it.
• Gain an understanding of Manufacturing.
• Learn the different manufacturing strategies and what environment is suitable for your product.
• Learn about the Product Life Cycle and how it influences the manufacturing strategy.
• Learn about the various manufacturing processes and layouts in relation to the product.
• Gain an understanding of Production Planning.
• Learn the strategies for developing a Production Plan.
• Learn Resource Requirements Planning (RRP) to check the capacity needed for the Production Plan.
• Gain an understanding of the Master Production Schedule and its relationship to the Production Plan.
• Create a Master Production Schedule, understand Projected Available Balance (PAB).
• Learn Rough Cut Capacity Planning (RCCP) to check the capacity needed for the Master Production Schedule (MPS).
• Learn the planning tool Available-to-Promise (ATP) and its relationship to making commitments to customers.
• Gain an understanding of Material Requirements Planning.
• Learn about a Bill-of-Material and its importance to Material Requirements Planning.
• Learn about Manufacturing Lead-Time.
• Understand how MRP logic works and learn the use of lead-time Offsetting and Exploding.
• Learn how MRP software works - understand Planning Orders, Released Orders, MRP Action Messages and MRP Exception Messages.
• Learn Capacity Requirements Planning (CRP) to check the capacity needed for the Material Requirements Plan (MRP).
• Learn to calculate Available Capacity, Available Time, Utilization and Efficiency.
• Learn to calculate Rated Capacity.
• Gain an understanding of Production Activity Control.
• Summary of Manufacturing Planning and Control.
• Gain an understanding of Inventory.
• Learn about Customer Service and Safety Stock.
• Learn about a Stock-Out.
• Learn about Inventoy Carrying Costs and Ordering Costs and their relationship.
• Understand the Economic Order Quantity (EOQ).
• Learn how to manage Inventory.
• Learn ABC Analysis and Pareto's Law (the 80/20 rule).
• Gain an understanding of Meeting Customer Expectations.
• Gain an understanding of Supply Chain Sustainability.

Requirements

• A computer with an internet connection.
• The willingness to learn.

Target audience

• Anyone wanting to learn about Supply Chain.
• Anyone looking for a career change in the Supply Chain field.
• Anyone already in Supply Chain and looking for a quick refresher.
• Any business professional looking to supplement their knowledge.
• Anyone seeking APICS certification.