Supply Chain and Logistics
Learn the management strategies and analytical skills to efficiently transport of goods domestically and globally
In response to customer expectations, this course supports supply chain and logistics managers and operators in meeting customer needs by providing efficient, prompt, and qualitative deliveries of goods and services. Having an effective distribution logistics and supply chain management strategy in place supports companies in reducing waste and improving value, which maximizes stakeholder wealth.
Acquire knowledge and problem-solving skills related to distribution, including transportation, handling, warehousing, lean supply management, agile supply management, and total quality management.
Concluding this course will sharpen managers’ abilities in reducing and eliminating waste and improving customer loyalty through accurate and reliable deliveries.
What will you study?
Supply Chain and Logistics
Within the framework of the Integral Logistics and supply chain management course, students will learn in a broader concept of logistics, which is applied to all aspects of material flow both inside an enterprise and between enterprises. A substantial part of material flow is planning and controlling production, planning or, more precisely, predicting demand, sales management and the problematics of purchases. Logistics integrates all functions of planning and controlling material flow and because of that it is called Integral Logistics and supply chain management.
Students will focus on purchasing logistics and state of inventory management. The aim is to familiarize students with strategic and operative activities of corporate purchase and methods of state inventory management, analyzing a portfolio of purchase items and ways of evaluating suppliers. Knowledge of successful activities of a corporate purchase determines what is economically advantageous to the admission of the corporate processes. Orientation in strategic and operative activities allows managing enterprise purchasing processes.
Knowledge will be acquired in the analysis methods of items, which allows placing items accurately into an appropriate group in terms of its importance, the number of needs and supply specifics. Good knowledge of methods of managing state of supplies, allows you to reduce capital binding resources. Control of methodologies for the suppliers’ assessment provides suppositions for effective work with suppliers and finding solutions for advantageous ways of mutual cooperation. An important area is also the location of the customer order decoupling point in the logistics chain.
Furthermore, students will learn various elements of planning and controlling production, which consists of kinds of production, which are typology, the basic planning activities and production management, and theory of tensile and compressive material flows. One of the main tasks of the subject is to help students understand the strategy of logistic activities in production as a continuation of the implementation of corporate strategy into operation. From this concept of strategy also follows an appropriate organization integration of production planning in the company’s organization culture. Depending on the location of the decoupling point of a customer order, the management of the volume of work that is in progress, alternatively controlled replenishment of warehoused and finished products that can then take place. Information systems are used within the framework of production planning. Great pressure is put on reducing costs of production. Raises are needed to reduce interoperation stocks and therefore, bind material flow by using elements of the Kanban principle that is still more common to this day.
The goal of this class is to enable students to gain a comprehensive overview of Integral logistics and supply chain management, which is focused on purchasing, inventory management and organization and production management. Students are able to put the acquired knowledge into practice. Thus, developing their own skills in decision-making and management of logistics activities.
Course Content & Curriculum
- Broader and closer conceptions of logistics
- Demarcation of the term Integral logistics
- Purchase Logistics
- Stock Management
- Stock Analysis
- Obtaining Optimal Stock Levels for Growth
- Matching Supply and Demand
- Production Planning and Management
- Generic Supply Chain Strategies (Focus on Kanban and Hybrid systems)
- Enterprise Resource Planning (ERP) and SAP
Course Learning Outcomes
At the completion of this course, students should be able to…
Learners will understand the importance of the supply chain in managing the 21st-century business environment enabled by technology.
Learners will become familiar with supply chain and logistics management theories and how to utilize practices and concepts to maximize the wealth of stakeholders of an organization.
Learners will improve their skills in using technology tools, particularly computers, including the utilization of state-of-the-art software suites to manage the supply chain of logistics of organizations.
Learners will understand how to utilize the supply chain network to improve inventory and manage costs to improve a firm's wealth.
Learners will be able to present a supply chain and logistics project and successfully defend it.