Supply Chain Management Essentials: Understanding the Basics

Instructor: Joe Weil
Product ID: 705246
  • Duration: 100 Min
This webinar is your starting point to learn the basics of effective supply chain management. This training is designed to strengthen your overall business knowledge by focusing on the key concepts of this critical and increasingly hi-tech aspect of modern business.
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Why Should You Attend:

Effectively managing the supply chain is essential if a business is to be successful. With globalization, the challenge of time and distance are added to the task of supply chain management. This results in additional cost, hi-tech complexity and risk. Understanding how to successfully navigate the complexities and risks of modern supply chain management gives you a competitive advantage and places both you and your organization in a position for success.

If you need a basic, easy-to-understand, overview of supply chain management to enhance your performance and optimize your organization's return on investment, then this on-the-job training is perfect for you.

Learning Objectives:

  • Understanding Supply Chain Basics
    • Definition of Supply Chain
    • Traditional Supply Chain
    • Complex Supply Chain
    • Supply Chain Goals to Improve Your Firm
  • Forecasting Demand – The Basics (Think of Demand as Sales)
    • Independent vs. Dependent Demand
    • Recognizing Demand Patterns and Forecasting Demand
      • Trends
      • Random Fluctuations
      • Seasonal Fluctuations
      • Cyclical
    • Forecasting Techniques
      • Simple Moving Average (Excel Model)
      • Weighted Moving Average (Excel Model)
      • Exponential Smoothing (Excel Model)
      • Four Methods to Measure Forecast Error
        • Cumulative Sum of Error (Excel Model)
        • Mean Square Root (Excel Model)
        • Mean Absolute Deviation (Excel Model)
        • Mean Absolute Percentage Deviation (Excel Model)
    Read more

Areas Covered in the Webinar:

  • Understand demand and the types of demand
  • Identify different patterns of demand
  • Forecast demand using various forecasting techniques - overview
  • Understand forecast error and how to compensate
  • Overview of the manufacturing process
  • Different manufacturing strategies for different types of products
  • How the product life cycle influences manufacturing strategies
  • Overview of the production planning process
  • Read more

Who Will Benefit:

  • Manufacturing and engineering professionals
  • Accountants and financial professionals, from staff level to CFO, and especially cost accountants
  • CIO and IT professionals who need an overview of this business process and enterprise software
  • CEOs and business owners
  • Business logistics personnel
  • Anyone new to supply chain management needing a quick but comprehensive overview
  • Any business professional looking to supplement their knowledge
Instructor Profile:
Joe Weil

Joe Weil

Joe Weil, CPA, M. Acc., is the president of the National Center for Continuing Education (NCCE), a Tallahassee based nationwide financial training firm. With over 25 years’ experience, Mr. Weil has led over 400 seminars on Excel and financial topics and several highly acclaimed webinars on the same topics. He is a former corporate controller, former state agency director of auditing, and a former municipal CFO.

Mr. Weil earned his Master of Accounting Degree at Florida State University. His training clientele include Harley-Davidson, Hewlett-Packard, Oracle, Deloitte, Florida Power and Light, Motorola, National Institute of Science and Technology, and many others.

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Refund Policy

Registrants may cancel up to two working days prior to the course start date and will receive a letter of credit to be used towards a future course up to one year from date of issuance. ComplianceOnline would process/provide refund if the Live Webinar has been cancelled. The attendee could choose between the recorded version of the webinar or refund for any cancelled webinar. Refunds will not be given to participants who do not show up for the webinar. On-Demand Recordings can be requested in exchange.

Webinar may be cancelled due to lack of enrolment or unavoidable factors. Registrants will be notified 24hours in advance if a cancellation occurs. Substitutions can happen any time.

If you have any concern about the content of the webinar and not satisfied please contact us at below email or by call mentioning your feedback for resolution of the matter.

We respect feedback/opinions of our customers which enables us to improve our products and services. To contact us please email [email protected] call +1-888-717-2436 (Toll Free).

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