Introduction to Replenishment (4-Hour Programme)

Techniques for replenishment can be based on accounting and/or market considerations. This choice often determines the success of an organization, especially when resources are limited.


Aim

This course aims at providing participants with the basics to create a balanced acquisition policy that supports sales effectively without overburdening the company financially. This understanding and ability is achieved by learning about some fundamental principles of statistics and the importance of correctly understanding the market.


Contents

• a network of plants
• understanding systems and interdependencies
• understanding variation and complexity
• how variation accumulates
• the Intelligent Management simulator

Takeaway

Participants will gain an understanding of:

• a network of plants
• the importance of interdependencies
• how variation accumulates
• how to maximize the effectiveness of replenishment through a “replenishment centre”

Methodology

The course consists of a brief theoretical introduction to fundamental concepts and simulation exercises where participants learn how to programme the process of replenishment.