Inventory Management - 4GUL0709

Goal(s)

• Understand the supply chain problems
• Apply industrial supply chain management tools on the tactical and operationnal level

Content(s)

Content :

• Supply Chain Management
  * Describe and use the SCOR Model
  * Describe and analyse the bullwhip effect
  * Apply the Distribution Resource Planning method on a multi-level supply-chain
  * Describe the main ERP features for supply chain management
  * Describe the 9R components for circular supply chain
• Inventory management
  * Realise a SKU classification (ABC, XYZ,...) for a large number of items
  * Describe and choose classical inventory policies (Economic Order Quantity, Reorder Point, Periodic review)
  * Calculate the parameters for these policies
  * Describe and evaluate the costs of inventory management
• Sales and operation planning (S&OP)
  * Describe the different phases of an S&OP process
  * Describe and apply the pure level and pure chase aggregate planning strategies
  * Describe and realise an S&OP meeting with multiples actors
• Forecasting and demand review
  * Define and calculate the trend and seasonality components for a time series for additive and multiplicative models. Evaluate the random component.
  * Calculate the forecast accuracy

Activities :

• Beer game
• Case Studies : Inventory Management, Sales & Operation Planning, Distribution Resource Planning, Enterprise Resource Planning

Introduction to Operations Management, Excel or LibreOffice