COURSE OVERVIEW

 

This practical and highly-interactive course includes various practical sessions and exercises. Theory learnt will be applied using our state-of-the-art simulators. 

 

This course is designed to provide participants with a detailed and up-to-date overview of Advanced Material Management & Material Planning. It covers the scope and objectives of material management and logistics and their relationship with supply chain management; the material flow in supply chain and the impact of logistics and material management on organizations; the purchase function in material management, regulatory compliance and risk management in logistics; the advanced material management, freight and logistics operations, freight documentation and regulatory requirements; and the        internal logistics processes and supplier and third-party logistics (3PL) management. 

 

Further, the course will also discuss the reverse logistics and returns management as well as freight cost management and control; the concepts of resource planning, strategic resource allocation and enterprise resource planning (ERP) systems; the financial considerations in resource planning, human and equipment resources and sustainability in resource planning; the inventory management, inventory control techniques, demand forecasting and inventory planning; the warehouse management, storage optimization and inventory risk and obsolescence management; and the   technology and digital tools in inventory management, material costs and cost drivers. 

 

 

During this interactive course, participants will learn the cost reduction strategies in supply chain, financial planning, cash flow management, budgeting and forecasting; the cost tracking, performance metrics and technology for cost control; the        inventory management challenges, solutions and advanced selective inventory control techniques; the   warehouse efficiency, layout optimization and inventory optimization models; the sustainable inventory management practices and technology and digital tools in inventory optimization; the business process optimization in material management, lean principles and waste reduction; the Kaizen and continuous improvement in supply chain, supply chain agility and responsiveness; the total quality management (TQM) in material handling; the automation and AI in process optimization, strategic sourcing, procurement planning, supplier relationship management (SRM) and negotiation techniques in procurement; the supplier compliance and risk management, e-procurement and digital supplier management, procurement performance metrics and benchmarking;          the crisis management, supply chain resilience, ethics and sustainability in supply chain leadership; and the performance measurement, continuous improvement and action plan development.