Best Practices in Supply Chain Management using AI

Course Modules

DAY 1

Module 1 – Introduction of Artificial Intelligence to Supply Chain & Logistics Management

• Pre-test
• What is Ai Supply Chain & Logistics Management all about?
• Understand the importance of the Supply Chain in the SCM system.
• Learn the 8 basic components to manage the Supply Chain more efficiently.
• Share examples of Ai in Supply Chain & Logistics activities
• Identify and solve bottlenecks in Supply Chain Management.
• Balancing the supply and demand requirements for Sales & Warehouse inventory synchronization.
• Know the Best Practices in Warehouse & Supply Chain in cost and operation optimization.
• Workshop activity.

Module 2 – How Ai is used in SCM & Logistics Management

• Know the benefits of using AI for a well-run Supply Chain organization.
• Examples of Ai in Supply Chain.
• Know the top 10 Ai used cases in Supply Chain Optimization in 2023.
• The important role of Ai in SCM.
• Companies already using Ai.
• Workshop activity

Module 3 – Roles of Warehouse in Logistics & Supply Chain Management

• Understand the importance of the Supply Chain in the Business Operation.
• Integrating the roles and coordination of the Sales, Purchasing, Inventory, Accounts, Store,

and the Warehouse in ensuring a smooth operation.

• Seven strategic requirements needed in managing the warehouse effectively.
• Know and apply the best practices of Stock receiving & Issuing procedures.
• Practice the 7 R’s of Logistics for better control system.
• Workshop activity

Module 4 – Warehouse Storage Methods

• Know the different types of Storage Racking at the warehouse.
• Familiarize with the Fixed & Random location systems.
• Methods in assisting to determine the ease of storage and retrieval efficiency.
• Complying with the right storage methods of materials/goods in the Warehouse
• Identification of Location of storage & its systematic designation for easy retrieval.
• Identify the advantages & functions of Color coding.
• Benefits of using the different Colored coding system.
• Workshop activity

Day 2

Module 5 – Managing Inventory effectively at the Warehouse

• Use the Right Inventory Methods to determine the right quantity of inventory that should be stored at the warehouse.
• Consequences of having too few or too many inventories at the warehouse.
• Impact of ‘holding cost’ that affects profits.
• Realize where are the unnecessary inventory lying around.
• Impact & consequences of stock mismanagement
• Responsibilities of Procurement & Store in inventory management.
• Learn effective ROL, ROQ, MOQ to control inventory level.
• Identify the dead stocks in your inventory and action plan to deal with it.
• Know the advantages & disadvantages of Vendors Managed Inventory (VMI) system.
• Workshop activity

Module 6 Using Ai and Practical Inventory Control Methodology in the Warehouse

• Maximizing the utilization of Material Handling equipment at the Warehouse
• Understand the different types of material handling equipment available
• Brief on the purpose of safety stock
• Show safety stock calculation method
• Explain on the effectiveness of Stock-out Situation Control Techniques
• Familiar with First-in, First -out Principles and also the LIFO & FINO principles
• Purpose of Inventory Audit and its importance.
• Learn Techniques to Maximize storage space at the store & warehouse.

Module 7 – Safety and Security Measures requirements 

• Familiar with all the Good practices at the warehouse
• Know the different types of Safety measures & Regulatory Compliances at the Warehouse
• Know the various Security measures.
• Know all the mandatory Fire Safety measures & protection techniques.
• Know the various load safety factors and potential risks of accident.
• Know the proper handling and storage methods for toxic items and inflammable materials
• Workshop activity
• Q & A and program evaluation.