Supply Chain Fundamentals: Understanding The Basics

Learn the skills to be a Supply Chain professional by aligning goals, improving efficiencies and increasing returns

What you'll learn
24 instructor lead and independent exercises and solutions, 40 quiz questions & solutions.
Gain an understanding of Demand and the types of demand.
Learn to spot the different patterns of demand.
Learn to forecast demand using various forecasting techniques, which is the easiest method, which method will give you the best results.
Understand forecast error and how to deal with it.
Gain an understanding of Manufacturing.
Learn the different manufacturing strategies and what environment is suitable for your product.
Learn about the Product Life Cycle and how it influences the manufacturing strategy.
Learn about the various manufacturing processes and layouts in relation to the product.
Gain an understanding of Production Planning.
Learn the strategies for developing a Production Plan.
Learn Resource Requirements Planning (RRP) to check the capacity needed for the Production Plan.
Gain an understanding of the Master Production Schedule and its relationship to the Production Plan.
Create a Master Production Schedule, understand Projected Available Balance (PAB).
Learn Rough Cut Capacity Planning (RCCP) to check the capacity needed for the Master Production Schedule (MPS).
Learn the planning tool Available-to-Promise (ATP) and its relationship to making commitments to customers.
Gain an understanding of Material Requirements Planning.
Learn about a Bill-of-Material and its importance to Material Requirements Planning.
Learn about Manufacturing Lead-Time.
Understand how MRP logic works and learn the use of lead-time Offsetting and Exploding.
Learn how MRP software works - understand Planning Orders, Released Orders, MRP Action Messages and MRP Exception Messages.
Learn Capacity Requirements Planning (CRP) to check the capacity needed for the Material Requirements Plan (MRP).
Learn to calculate Available Capacity, Available Time, Utilization and Efficiency.
Learn to calculate Rated Capacity.
Gain an understanding of Production Activity Control.
Summary of Manufacturing Planning and Control.
Gain an understanding of Inventory.
Learn about Customer Service and Safety Stock.
Learn about a Stock-Out.
Learn about Inventoy Carrying Costs and Ordering Costs and their relationship.
Understand the Economic Order Quantity (EOQ).
Learn how to manage Inventory.
Learn ABC Analysis and Pareto's Law (the 80/20 rule).
Gain an understanding of Meeting Customer Expectations.
Gain an understanding of Supply Chain Sustainability.
Requirements
A computer with an internet connection.
The willingness to learn.
Description
This video course is your starting point to learn the field of Manufacturing and Supply Chain.  An ingredient for an effective and efficient supply chain is gaining the knowledge and skills to take you and your organization to the next level.  With this course you can strengthen your overall performance and optimize your organization's return on investment.  Whether you are a student wanting to learn a new field, already a Supply Chain professional needing to refresh your skills or any business professional seeking to supplement your body of knowledge, this introductory video training course is exactly what you are looking for.  Unlike other courses that teach you the high level textbook theory, I will start with the basics and teach you through examples and exercises, principles which you can apply and start using immediately.If your goal is certification, this course covers Basics of Supply Chain Management and can assist your exam preparation for ASCM CPIM Part 1. Achieving excellence in managing a supply chain is essential for businesses to be successful.  The challenge with globalization is that time and distance are added to supply chains which translates to more cost, complexity and risk.  This as well becomes an opportunity.  Successfully navigating the complexities and risks provides a competitive advantage and sets you and your organization well above the rest for continued growth and success.  Your journey towards becoming a Supply Chain Expert starts here.  It's never too late to begin learning and with this course learning has never been so easy.  I look forward to seeing you in the classroom.

Overview

Section 1: Introduction

Lecture 1 Let's Get Started - Why take this course?

Lecture 2 Meet the Instructor

Lecture 3 Who is John Mandic?

Lecture 4 What will you learn? Course Outline & Download Course Slides

Lecture 5 How will you learn?

Lecture 6 What is a Supply Chain?

Lecture 7 What does a Supply Chain look like?

Lecture 8 Navigating the Exercises

Section 2: Supply and Demand

Lecture 9 What is Demand?

Lecture 10 Understanding Demand

Lecture 11 Demand Patterns

Section 3: Forecasting Demand

Lecture 12 Exercise with instructor - Forecasting using Simple Moving Average

Lecture 13 Exercise with instructor - Forecasting using Weighted Moving Average

Lecture 14 Exercise with instructor - Forecasting using Exponential Smoothing

Lecture 15 Exercise - 3 Month Moving Average

Lecture 16 Exercise - 4 Month Moving Average

Section 4: Forecast Error

Lecture 17 Understanding Forecast Error

Lecture 18 Measuring Forecast Error

Lecture 19 Exercise with instructor - Cumulative Sum of Error

Lecture 20 Exercise with instructor - Mean Square Root

Lecture 21 Exercise with instructor - Mean Absolute Deviation

Lecture 22 Exercise with instructor - Mean Absolute Percent Error

Lecture 23 Understanding Forecast Error - Part 2

Lecture 24 Exercise - Measuring Forecast Error

Section 5: Manufacturing

Lecture 25 Introduction to Manufacturing

Lecture 26 Choosing a Manufacturing Environment

Lecture 27 Product Life Cycle

Lecture 28 Choosing your Manufacturing Process and Layout

Lecture 29 Exercise - Vocabulary - Match the Word and Phrase

Section 6: Sales & Operations Planning (S&OP)

Lecture 30 What is Production Planning?

Lecture 31 Strategies for Developing a Production Plan

Lecture 32 Exercise with instructor - Calculating Expected Ending Inventory

Lecture 33 Exercise with instructor - Developing a Level Production Plan

Lecture 34 Resource Requirements Planning (RRP)

Lecture 35 Exercise - RRP

Lecture 36 Exercise - RRP Part 2

Section 7: Master Scheduling

Lecture 37 What is a Master Production Schedule (MPS)?

Lecture 38 Exercise with instructor - Creating an MPS plus Projected Available Balance(PAB)

Lecture 39 Rough Cut Capacity Planning (RCCP)

Lecture 40 Available-to-Promise (ATP)

Lecture 41 Exercise with instructor - Calculating ATP

Lecture 42 Exercise - Creating an MPS

Section 8: Material Requirements Planning

Lecture 43 What is Material Requirements Planning (MRP)?

Lecture 44 Inputs to MRP

Lecture 45 Product Structure File or Bill of Material (BOM)

Lecture 46 Bill of Material - Product Tree Format

Lecture 47 What is a Part Number?

Lecture 48 Exercise with Instructor - Bill of Material

Lecture 49 Elements of Manufacturing Lead Time

Lecture 50 MRP Offsetting & Exploding

Lecture 51 Exercise with Instructor - MRP Offsetting & Exploding

Lecture 52 Exercise with Instructor - Time Phasing

Lecture 53 Exercise - Time Phasing

Lecture 54 MRP - Functions & Use of Software

Lecture 55 Capacity Requirements Planning (CRP)

Lecture 56 Understanding Time Fences & Zones

Section 9: Capacity Planning

Lecture 57 Capacity Requirements Planning (CRP) in detail

Lecture 58 Determining Available Capacity

Lecture 59 Exercise - Rated Capacity

Section 10: Production Activity Control

Lecture 60 What is Production Activity Control?

Lecture 61 Shop Order Release

Section 11: Manufacturing Planning and Control (MPC)

Lecture 62 MPC Hierarchy

Section 12: Inventory

Lecture 63 What is Inventory?

Lecture 64 Customer Service and Safety Stock

Lecture 65 Stock-out

Lecture 66 Carrying Cost vs. Ordering Cost

Lecture 67 EOQ

Lecture 68 Inventory Management

Lecture 69 Exercise with Instructor - ABC Analysis

Section 13: Focus on the Customer

Lecture 70 Meeting Customer Expectations

Section 14: Sustainability

Lecture 71 What is Sustainability?

Lecture 72 Supply Chain Sustainability

Section 15: Closing Remarks

Lecture 73 Congratulations

Lecture 74 Acknowledgements

Section 16: Next Steps

Lecture 75 What's next?

Lecture 76 Supply Chain News

Anyone wanting to learn about Supply Chain.,Anyone looking for a career change in the Supply Chain field.,Anyone already in Supply Chain and looking for a quick refresher.,Any business professional looking to supplement their knowledge.,Anyone seeking APICS certification.