The document contains information about Md. Rakibul Hassan's background and contact details. It then discusses various supply chain management topics including demand planning, inventory dashboards, reliability and flexibility metrics, procurement processes, and inventory management concepts like just-in-time and perpetual inventory systems. Key frameworks like SCOR and concepts such as value added are also overviewed at a high level. The document serves as a reference guide covering multiple supply chain management principles and processes.
Improve warehouse productivity - business breakfast sessionSukesh Ned
Sukesh Ned presents to Cumberland Business Chamber members how to optimise warehouse productivity via:
- industrial engineering techniques
- automated processes
- staff redeployment
and other techniques in April 2015
An inventory management system is when to streamline the management of inventory in business, we make the Inventory Management Systemuse of barcode scanners, mobile devices, barcode printers and desktop software. An inventory basically includes consumables, goods, stock, etc. Copy the link given below and paste it in new browser window to get more information on Inventory Management System:- www.transtutors.com/homework-help/finance/inventory-management-system.aspx
In this workshop, the participants will learn Lean tools and insights to remove waste in the warehouse leading to efficient, effective logistics & warehousing, reduced costs and improved service. Participants will then participate in a simulation exercise. The participants will experience the benefits of reduced costs and increased productivity.
Labor management has proven to be a successful supply chain tool for managing costs related to labor. This is especially critical as labor is reportedly the largest cost center in any SCM facility. This also means that it provides the most significant cost savings opportunity. Labor management systems constantly evaluate, measure and adapt day to day labor tasks with the main goal of achieving the highest level of productivity and cost savings. Its’ functional counterpart, slotting, helps to identify SKU placement throughout your warehouse facility to reduce travel times, increase picking accuracy and increase asset utilization – all of which are key factors in optimizing workforce productivity. Slotting alone has saved companies upwards of $500,000 annually and can prove even more useful when used in conjunction with LMS software. Selecting a labor management system that is built into warehouse management software can make optimization efforts even more fruitful as it allows your team to pull data from one system to anther with little to no manual data entry (where many inventory errors occur) and test slotting plans while receiving measurable results. This can help to improve the success of your labor optimization efforts.
Many SCM decision makers are hesitant to implement labor management software suites as there are common misconceptions or myths about their success and usefulness. Some of these myths include: full LMS functionality is available if I have a WMS, employee morale will be negatively impacted, LMS implementation requires significant IT resources and more. If your team can get past these concerns, find a functionally robust labor management system and implement it in a way that will help you meet your specific goals it is well worth the investment. To learn more about LMS and slotting contact Datex experts today at marketing@datexcorp.com or 800.933.2839 ext 243.
INVENTORY MANAGEMENT:
What is inventory?
Why do we care for inventory?
What do you consider regarding inventory?
Cost of inventory
Benefits of inventory
Modelling inventory in supply chain
Types of inventory models
Risks associated with warehouse design and process flowTristan Wiggill
A presentation by Mr Iain Sherwood (Executive Design Services: Resolve Capacity) at the Transport Forum special interest group proudly hosted by T-Systems SA (Pty)Ltd in Midrand. The theme for the event was: "Risk and Compliance Management in the Supply Chain". The topic of the presentation was: "Risks associated with Warehouse Design and Process Flow".
More like this on www.transportworldafrica.co.za
Material Handling
Objectives of Materials Handling
Material Handling Principles
Storage Equipment
Belt Conveyor
Store Management
Objectives of store
Spare Part Management
Classification of Spare parts for stocking policy Analysis
Codification
Objectives of Codification
Standardization
Advantages of Standardization
Effective Spare Parts Management - 8 rulesLogio_official
The management of spare parts and other materials needed for realization of the maintenance process is one of the key
functions in physical asset management.
Improve warehouse productivity - business breakfast sessionSukesh Ned
Sukesh Ned presents to Cumberland Business Chamber members how to optimise warehouse productivity via:
- industrial engineering techniques
- automated processes
- staff redeployment
and other techniques in April 2015
An inventory management system is when to streamline the management of inventory in business, we make the Inventory Management Systemuse of barcode scanners, mobile devices, barcode printers and desktop software. An inventory basically includes consumables, goods, stock, etc. Copy the link given below and paste it in new browser window to get more information on Inventory Management System:- www.transtutors.com/homework-help/finance/inventory-management-system.aspx
In this workshop, the participants will learn Lean tools and insights to remove waste in the warehouse leading to efficient, effective logistics & warehousing, reduced costs and improved service. Participants will then participate in a simulation exercise. The participants will experience the benefits of reduced costs and increased productivity.
Labor management has proven to be a successful supply chain tool for managing costs related to labor. This is especially critical as labor is reportedly the largest cost center in any SCM facility. This also means that it provides the most significant cost savings opportunity. Labor management systems constantly evaluate, measure and adapt day to day labor tasks with the main goal of achieving the highest level of productivity and cost savings. Its’ functional counterpart, slotting, helps to identify SKU placement throughout your warehouse facility to reduce travel times, increase picking accuracy and increase asset utilization – all of which are key factors in optimizing workforce productivity. Slotting alone has saved companies upwards of $500,000 annually and can prove even more useful when used in conjunction with LMS software. Selecting a labor management system that is built into warehouse management software can make optimization efforts even more fruitful as it allows your team to pull data from one system to anther with little to no manual data entry (where many inventory errors occur) and test slotting plans while receiving measurable results. This can help to improve the success of your labor optimization efforts.
Many SCM decision makers are hesitant to implement labor management software suites as there are common misconceptions or myths about their success and usefulness. Some of these myths include: full LMS functionality is available if I have a WMS, employee morale will be negatively impacted, LMS implementation requires significant IT resources and more. If your team can get past these concerns, find a functionally robust labor management system and implement it in a way that will help you meet your specific goals it is well worth the investment. To learn more about LMS and slotting contact Datex experts today at marketing@datexcorp.com or 800.933.2839 ext 243.
INVENTORY MANAGEMENT:
What is inventory?
Why do we care for inventory?
What do you consider regarding inventory?
Cost of inventory
Benefits of inventory
Modelling inventory in supply chain
Types of inventory models
Risks associated with warehouse design and process flowTristan Wiggill
A presentation by Mr Iain Sherwood (Executive Design Services: Resolve Capacity) at the Transport Forum special interest group proudly hosted by T-Systems SA (Pty)Ltd in Midrand. The theme for the event was: "Risk and Compliance Management in the Supply Chain". The topic of the presentation was: "Risks associated with Warehouse Design and Process Flow".
More like this on www.transportworldafrica.co.za
Material Handling
Objectives of Materials Handling
Material Handling Principles
Storage Equipment
Belt Conveyor
Store Management
Objectives of store
Spare Part Management
Classification of Spare parts for stocking policy Analysis
Codification
Objectives of Codification
Standardization
Advantages of Standardization
Effective Spare Parts Management - 8 rulesLogio_official
The management of spare parts and other materials needed for realization of the maintenance process is one of the key
functions in physical asset management.
Theory of constraints was developed by Eli Goldratt 1984.
He based this management theory that every system has at least one constraint limiting it from getting more of what it strives for.
Manufacturing's Holy Grail: A Practical Science for Executives and ManagersUBMCanon
Mark Spearman, President and CEO, Factory Physics
In this session we will discuss:
-Manufacturing Myths that Muddle Management:
-Bottlenecks and non-bottlenecks—meeting demand
-One Piece Flow—what is the real cost?
-ABC Inventory Policies—how low can you go?
And many more!
Mark L. Spearman is President and CEO of Factory Physics, Inc., a firm that provides management consulting, training, and software to improve manufacturing and supply chain management. In his former life as an academic, he was Head of the Department of Industrial and Systems Engineering at Texas A&M University and also a professor at Georgia Tech and Northwestern University. He is coauthor, with Wallace J. Hopp, of the book, “Factory Physics” that was named the IIE Book of the Year. He has helped more than one hundred companies over the last twenty five years apply the principles of factory physics to improve operations by increasing productivity, reducing cycle times and inventories by developing integrated supply chain approaches that are both simple and effective.
CSCMP 2014: Using S&OP to Improve Enterprise ResiliencyAlyssaVallie
The supply chain is an increasing complex system. Leaders use Sales and Operations Planning to drive data-driven business discussions while laggards catch orders and manage transactions. Learn successful S&OP strategies to improve enterprise resiliency and how this creates a tight and reliable pattern of delivering costs while managing inventory cycles.
Advance Supply Chain Management : Holistic Overview with respect to an ERP an...Rahul Guhathakurta
Advance Supply Chain Management : Holistic Overview with respect to an ERP and Inventory Control Systems
Inventory System Design
Inventory Costs
Independent vs. Dependent Demand
Basic Fixed-Order Quantity Models
Basic Fixed-Time Period Model- we will omit.
Economic Production Quantity Model- we will omit.
Single Time Period Model- we will omit.
Quantity Discounts-also known as price break models.
Joel Marusiak, Neovia Logistics presenatation at Spare Parts 2013Copperberg
"Global Inventory Management Strategy, Design & Execution:
Optimisation & Flexibility Amidst Constant Change" Joel Marusiak, IM Solutions Manager - EMEA, Neovia Logistics presenation at Spare Parts Business Platform 2014.
Find out more http://www.sparepartseurope.com/
23. Supply Chain Management
Reliability:
Shipment plan = 150 Order
On-time ex-factory = 120 Order
So, Reliability = 120/150= 80%
Flexibility:
Plan date = 10th March
Buyer request = 7th March
If ex-factory 7th Mar = Flexible
If ex-factory 10th Mar = Reliable
If ex-factory Delay = Not Reliable
OTIF (On Time In Full quantity):
Out of 150 orders 120 is on time
100 orders in full quantity
20 orders in short shipment
So, OTIF = 100/150 = 66%
39. Supply Chain Management
The difference between a value chain and a supply chain is that a supply chain is
the process of all parties involved in fulfilling a customer request, while a value chain
is a set of interrelated activities a company uses to create a competitive advantage.
Ex: Like fruits transfers to farmers then wholesaler then retailer then customer but in
value chain we add some values like grading then sorting then packaging then cool
and storing etc
40. Supply Chain Management
Cash to cash cycle time
Cash to cash cycle time= DIO+DSO-DPO
Where,
DIO= Days Inventory Outstandings
DSO= Days Sales Outstandings
DPO= Days Payable Outstandings
Example:- The inventory held by a business average being on hand for 40 days,
and its customers usually pay within 50 days. Offsetting these figures is an average
payable period of 30 days. This results in the following cash to cash duration.
Cash to cash days= 40+50-30=60 cash to cash days
This outcomes states that a business must support its expenditures for a period of
60 days
42. Supply Chain Management
SCOR
SCOR Framework
The Supply Chain Operations Reference model (SCOR) is the world’s leading supply chain
framework, linking business processes, performance metrics, practices and people skills into a unified
structure.
Employ the SCOR framework at your organization and:
● Increase the speed of system implementations
● Support organizational learning goals
● Improve inventory turns
44. Supply Chain Management
SCOR
Level 1 Metrics included in SCOR:
● Perfect order fulfillment
● Order fulfillment cycle time
● Upside supply chain flexibility
● Upside supply chain adaptability
● Downside supply chain adaptability
● Overall value at risk
● Total cost to serve
● Cash-to-cash cycle time
● Return on supply chain fixed assets
● Return on working capital
45. Supply Chain Management
Just in time (JIT) investment system
Just in time inventory system is one of the recently development inventory management
concepts, which assumes that the purchase of inventory has to be just in time of use. Jit
refers to process of acquiring material (inventory) as they are needed. Jit reduces
inventory by purchasing and storing lower quantities of inventories as much as possible.
The objective of jit is to maintain inventory as low as possible. Sometimes, it may even
be at zero level. Thus, under jit, the inventories are received in time or purchased in
time of use. It is only possible when the supplier can be relied from making the delivery
of goods on time without compromising the quality. Generally, in developed countries
where communication and transportation system are very efficient, the use of jit is
common.
Advantages
The advantages of JIT are as follows.
a. Just in time inventory system reduces the amount of money tied up in inventory of
raw material and finished goods.
b. This systems creates saving of space.
c. It does not required maintaining large inventory storage facilities.
d. Just in time inventory systems minimizes wastage.
e. It helps to improve the labor efficiency.
46. Supply Chain Management
Just in time (JIT) investment system
Disadvantages
The disadvantages
a. The effectiveness of this system depends on the co-operation and faith with the
supplier.
b. This systems works well when there is proper knowledge of quality and quantity of
materials needed.
c. There must be some alternative suppliers as the regular suppliers may not be able to
dispatch the material all the times.
47. Supply Chain Management
Perpetual inventory system
Meaning of perpetual inventory system
The perpetual inventory system is the way of maintaining the record of inventory in
such a ways that the stock on hand can be ascertained at any time. It emphasizes the
day to day checking of stock and maintains the up to date record. It is a method of
recording inventory after every receipt and issue to facilitate regular checking and
obviate the stocking. It provides the per
48. Supply Chain Management
What is Value added?
The value added is the difference between sales revenue and purchase price of the
products and series. It is ascertained by deducting cost of purchase form sales
revenues. In the processes of conversion of raw materials into finished product, it is
required to add value or utility inform of profit. So, sales price of the product is higher
that cost. The excess of market value over the cost of material/input is known as value
added.
If a manufacturing produces goods for Rs 100 and sell of Rs 150, the difference of Rs 50
is the value added. Similarly, if the same goods are sold to the retailer for Rs180, the
value added is Rs30. As such the same goods are sold to the customers for Rs200, the
value added is Rs20. Hence, the total value added becomes Rs100 (Rs50+Rs30+Rs20
or Rs200- Rs100). Therefore value added is the wealth or utility in the product of the
business that a firm creates by its own effort.
Value added= sales revenue and other incomes – cost of budget-in-materials
and services.
Cost of bought-in-includes to cost of materials purchase for consumption and cost of
services includes the cost of services paid for external agencies for using the facilities.