Enroll Course: https://www.udemy.com/course/supply-chain-concepts-performance-management/
In the dynamic world of business, a well-oiled supply chain is the engine that drives success. For professionals and aspiring managers in this field, understanding and leveraging Key Performance Indicators (KPIs) is not just beneficial, it’s essential. This is precisely where Udemy’s “Supply Chain KPI Metrics & Analytics: A Comprehensive Guide!” shines.
This course is meticulously designed for anyone looking to build a robust career in supply chain management. It goes beyond surface-level explanations, diving deep into the technical and functional aspects of the discipline. The instructors have done an exceptional job of breaking down complex concepts into digestible modules, making it accessible even for those new to the field.
What truly sets this course apart is its in-depth exploration of 16 critical KPI metrics. Each metric is thoroughly explained, covering its meaning, ideal state, measurement, and calculation with practical examples. From Forecast Error and On-time Delivery (OTD) to Cash-to-Cash Cycle and Inventory Turnover, the course provides a 360-degree view of how to quantify and improve supply chain performance. Other vital metrics covered include Order & Documentation Accuracy, Sales lost due to supply issues, Inventory days of supply, Days on Hand (DOH), Inventory Accuracy, GMROI, Excess & Obsolete Inventory (E&O), Undamaged Supplier Shipment rate, Distribution Expense, Warehouse Capacity Used, and Material Handling damage.
Beyond the core KPIs, the course offers invaluable study handouts that delve into foundational areas. These include Operations Management, Supply Chain Management Basics, Materials Management, and Production Planning and Control. You’ll gain a solid understanding of different planning methods, Master Production Schedules (MPS) with concepts like Available to Promise and Time Fences, and Sales and Operations Planning (S&OP). The intricacies of Material Requirement Planning (MRP) and Distribution Resource Planning (DRP) are also clearly laid out, along with their differences.
Furthermore, the course provides comprehensive insights into Inventory Management, exploring various methods like VMI, Kanban, Safety Stock, and Min-Max. It also covers EOQ models, inventory costs, and the critical difference between inventory turns and days of sales. Purchasing and Procurement are detailed, including the purchasing cycle and RFX processes. Finally, the course touches upon Logistics Management, Transportation, Warehousing, Packaging, Incoterms, and the crucial role of IT in SCM.
Upon completing this course, you’ll possess the integrated knowledge to not only understand but also effectively measure your supply chain’s performance using globally recognized metrics. The practical examples and expert-designed handouts make this a truly comprehensive guide. If you’re serious about advancing your career in supply chain and want to master the analytics that matter, this Udemy course comes highly recommended.
Enroll Course: https://www.udemy.com/course/supply-chain-concepts-performance-management/