Course Info
Code PO1-117
Duration 5 Days
Format Classroom
Course Summary
Distribution logistics focuses on efficiently distributing and delivering finished products. It links production to the market and is a contributor to high standards of customer service.
This course provides you with a comprehensive look at the fundamentals of distribution logistics. You will learn about the relationship between inventory and transportation costs, the role of adequate planning in reducing delivery costs, and how distribution logistics participates in balancing supplies and demands. In addition, you will explore network design and transportation principles and resolve common problems in network routing.
- Understand essential supply chain principles and incentives including a comprehensive examination of inventory management and control systems.
- Examine inventory control in single and multi-echelon supply chains.
- Develop a broad understanding of network design and transportation and explore solutions for common network routing problems.
- Supply Chain Managers and Supervisors responsible for distribution logistics
- Professionals in Applied Mathematics and Statistics, Manufacturing Engineering, Operations, and Business Management
- Anyone looking to understand effective distribution logistics
This course uses a variety of adult learning styles to aid full understanding and comprehension.
Participants will review case studies to highlight key areas of importance and possible areas for faults.
They will be supplied with the best tools required to carry out learning exercises to improve their skills. Participants will analyse the examples to gain a thorough understanding of how these skills, techniques and methods apply in the workplace.
Course Content & Outline
- Define what is meant by the term “logistics”
- Describe the framework of production and distribution networks.
- Identify competition factors, cost drivers, and logistics strategies.
- Examine the role of inventory in logistics.
- Describe cycle stock.
- Explore strategies of dealing with uncertainty: setting safety stock, production planning.
- Review inventory deployment, physical flows and transportation.
- Understand the losses incurred by double marginalisation.
- Identify how to decide on price in a competitive market.
- Examine how the Newsvendor inventory problem affects decision-making.
- Explain how to decide on production and sales efforts.
- Describe how vertical integration minimises supply chain risks.
- Review the principles and process of forecasting.
- Identify forecast error metrics: Mean Error, Mean Absolute Deviation, Root Mean Square Error, Mean Percentage Errors, and Theil’s U statistic.
- Classify common forecasting methods: Moving Average, Exponential Smoothing (with trend and seasonality), and Simple Linear Regression.
- Describe how to forecast new products: Delphi method, Lancaster model, Early sales model, and the Bass model.
- Identify the different forecasting method limitations and disadvantages.
- Describe the deterministic model in the context of inventory management.
- Define and elaborate on the Economic Order Quantity (EOQ) model.
- Examine the multi-item EOQ inventory model.
- Account the impact of non-linear costs.
- Explore variable demand with known variability.
- Describe the aims of stochastic inventory control.
- Review the Newsvendor inventory problem.
- Examine the effects of multi-period multi-product stochastic inventory problems.
- Outline the (Q,R) inventory model.
- Describe Periodic Review (s,S) policies for joint replenishment.
- Compare Installation and Echelon Stock policies for multi-level inventory control.
- Describe the importance of supply coordination to avoid the Bullwhip effect.
- Examine arborescent supply chains.
- Outline the basic structure of a distribution network.
- Describe the role of intermediate nodes.
- Examine how to reduce uncertainty with the risk pooling effect.
- Explore how to optimise transportation with transit points.
- Describe location and flow optimization models.
- Review the characteristics of nonlinear cost network models.
- Identify common network routing issues.
- Describe solutions for the Symmetric Travelling Salesman Problem: Nearest-neighbour heuristic, Insertion heuristic, and Local search.
- Examine Constructive and Clustering methods for Vehicle Routing Problems (VRP).
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