Supply Chain Optimization
While supply chain inventory planning addresses how to best match demand with supply in the short term, structural attributes such as uncertainty, business processes, information flows, capacity and lead times must be optimized and changed to achieve sustainable business improvements. We provide a prescriptive framework to identify, optimize and prioritize operational opportunities that yield the greatest potential improvement in performance. If your organization has an initiative to reduce working capital, adopt lean, implement an ERP or change production and distribution strategies, this course is a must.
Issues Targeted in this Course
- Inventory Optimization
- Risk and Uncertainty Management
- Outsourcing
- Multi-Echelon Inventory Systems
- Financial Justifications
Objectives and Benefits
- Quantify the financial and competitive value of supply chain improvements
- Understand key supply chain system trade-offs between capacity, lead times, inventory and customer service
- Optimize inventories in a multi-echelon distribution network
- Establish optimal lot size, safety stock and reorder point parameters
- Leverage the configuration of your ERP system to fit the needs of different business types (make-to-stock, assemble-to-order, configure-to-order, engineer-to-order, make-to-order)
The University of Wisconsin–Madison, as a member of the University Continuing Education Association (UCEA), authorizes this course for 1.5 Continuing Education Units (CEUs) or 15 hours.
gsrenaski@exed.wisc.edu