Best Practices in Supply Chain Management using AI

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.

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

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

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

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

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.

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.