In today's global environment there is a growing realisation that everyone, everywhere has access to the same underlying elements, including hardware, software and technology. It is the management of these underlying elements which offers the greatest potential for developing a competitive advantage. Consequently logistics and operations management is critical to the success of an engineering company and is often referred to today as the supply chain management process which encompasses all operations from the extraction of raw material, through manufacture to the recycling of products at the end of their life. Logistics is recognised as a key function in meeting market requirements quickly, flexibly and without incurring punitive inventory costs. This must involve the management of external companies supplying materials or services to the company as well as the management of operations within the company.
On completion, participants will be capable of:
- Specifying the role and goal of the Logistics function within a company.
- Using the basic tools and techniques to plan and improve all aspects of the supply chain.
- Describing the control systems that can be used for operations management in a wide variety of environments.
- Relationship of Logistics and Operations Management strategy with:
- Overall business strategy
- Manufacturing strategy
- Make/buy policy
- Manufacturing environment (make to order/ make to stock, job/batch/line/flow production)
- Theory & principles of supply chain management
- Basic planning & control techniques:
- Forecasting demand
- Essentials of Industrial Engineering
- Capacity management
- Scheduling and sequencing
- Inventory management
- Planning & control systems and methodologies (Material Requirements Planning, Manufacturing Resource Planning, Optimised Production Technology, Just In Time)
- Measuring performance in Logistics and Operations Management