Inventory Optimization & Demand Planning/sensing, International Logistics & Customs Compliance Training Course

Introduction

In today's interconnected global marketplace, achieving seamless inventory optimization alongside accurate demand planning/sensing, and navigating the complexities of international logistics and customs compliance are essential for sustained business success. This comprehensive training course, "Inventory Optimization & Demand Planning/Sensing, International Logistics & Customs Compliance Training Course," equips professionals with the knowledge and skills to master these critical areas. We delve into the principles of demand forecasting, safety stock management, customs regulations, trade agreements, and logistics network design, empowering you to streamline operations and minimize risks. By mastering these strategies, you'll enhance your organization's supply chain resilience, reduce costs, and ensure smooth international trade transactions.

This program focuses on actionable insights and practical application, enabling participants to develop and implement effective inventory management strategies, demand forecasting models, and customs compliance procedures. We explore the latest advancements in AI-driven forecasting, blockchain for supply chain visibility, and automated customs solutions, emphasizing practical case studies and interactive exercises. You'll learn how to measure and report inventory performance, engage stakeholders, and foster a culture of compliance and efficiency within your organization, ultimately transforming your supply chain into a strategic advantage.

Target Audience:

• Supply Chain Managers and Directors
• Logistics Managers
• Inventory Planners and Analysts
• Demand Planners and Forecasters
• Import/Export Managers
• Customs Compliance Officers
• International Trade Specialists

Course Objectives:

• Understand the fundamental concepts of inventory optimization and demand planning/sensing.
• Learn how to develop and implement effective demand forecasting models.
• Master the principles of inventory control and safety stock management.
• Develop skills in navigating international logistics and transportation.
• Learn how to ensure compliance with customs regulations and trade agreements.
• Understand the role of technology in optimizing inventory and logistics.
• Implement strategies for managing international trade risks.
• Learn how to utilize data analytics for inventory and logistics insights.
• Develop skills in measuring and reporting inventory and logistics performance.
• Analyze the impact of inventory and logistics on supply chain efficiency.
• Understand the legal and ethical considerations in international trade.
• Develop strategies for engaging stakeholders and building collaborative partnerships.
• Stay updated with the latest trends and advancements in inventory, demand planning, and international logistics.

DURATION

10 Days

COURSE CONTENT

Module: Introduction to Inventory & Demand Planning, International Logistics & Customs:

• Overview of inventory optimization and demand planning/sensing concepts.
• The importance of international logistics and customs compliance.
• Key drivers and trends in global supply chain management.
• Understanding the interconnectedness of inventory, demand, logistics, and customs.
• The role of integrated strategies in achieving supply chain excellence.

Module: Demand Forecasting & Sensing:

• Developing demand forecasting models and techniques.
• Utilizing statistical forecasting and machine learning algorithms.
• Implementing demand sensing and real-time data analysis.
• Managing forecast accuracy and bias.
• Utilizing collaborative planning, forecasting, and replenishment (CPFR).

Module: Inventory Optimization & Control:

• Implementing inventory control and safety stock management strategies.
• Utilizing inventory optimization techniques (ABC analysis, EOQ, etc.).
• Managing inventory levels and stock rotation.
• Implementing inventory visibility and tracking systems.
• Optimizing warehouse layout and storage strategies.

Module: International Logistics & Transportation:

• Navigating international transportation modes and routes.
• Managing freight forwarding and customs brokerage.
• Utilizing incoterms and international shipping documentation.
• Optimizing logistics network design and distribution strategies.
• Implementing cross-border logistics and trade compliance.

Module: Customs Regulations & Trade Compliance:

• Understanding customs regulations and procedures.
• Implementing tariff classification and valuation methodologies.
• Ensuring compliance with trade agreements and regulations.
• Utilizing authorized economic operator (AEO) programs.
• Managing import/export documentation and compliance audits.

Module: Technology for Inventory & Logistics Optimization:

• Utilizing inventory management and demand planning software.
• Implementing transportation management systems (TMS) and warehouse management systems (WMS).
• Leveraging blockchain for supply chain visibility and traceability.
• Utilizing AI and machine learning for inventory and logistics optimization.
• Implementing automated customs solutions and e-filing systems.

Module: International Trade Risk Management:

• Identifying and assessing international trade risks.
• Developing risk mitigation strategies and contingency plans.
• Utilizing trade insurance and risk transfer mechanisms.
• Implementing supply chain security measures.
• Managing currency exchange and political risks.

Module: Data Analytics for Inventory & Logistics Insights:

• Utilizing data analytics for inventory and logistics performance insights.
• Implementing inventory and logistics dashboards and reporting tools.
• Analyzing inventory turnover, stockout rates, and logistics costs.
• Utilizing predictive analytics for demand and logistics forecasting.
• Leveraging data-driven decision-making for optimization.

Module: Measuring & Reporting Performance:

• Developing inventory and logistics performance metrics and KPIs.
• Collecting and analyzing inventory and logistics data.
• Reporting performance to stakeholders and management.
• Utilizing performance dashboards and reports.
• Demonstrating the ROI of inventory and logistics optimization.

Module: Impact on Supply Chain Efficiency:

• Analyzing the impact of inventory and logistics on supply chain efficiency.
• Measuring the contribution of optimization to cost reduction and service improvement.
• Evaluating the impact on lead times and customer satisfaction.
• Demonstrating the strategic value of inventory and logistics management.
• Aligning inventory and logistics strategies with organizational goals.

Module: Legal & Ethical Considerations:

• Understanding international trade laws and regulations.
• Navigating customs law and trade sanctions.
• Ensuring compliance with anti-corruption and bribery laws.
• Implementing ethical sourcing and trade practices.
• Developing conflict of interest policies.

Module: Stakeholder Engagement & Partnerships:

• Engaging internal stakeholders in inventory and logistics initiatives.
• Building collaborative relationships with suppliers, carriers, and customs brokers.
• Developing cross-functional teams for inventory and logistics management.
• Communicating inventory and logistics strategies and performance.
• Fostering strategic partnerships for supply chain optimization.

Module: Advanced Inventory & Demand Planning Techniques:

• Implementing advanced inventory optimization models and simulations.
• Utilizing collaborative demand planning and forecasting tools.
• Developing supply chain segmentation and differentiation strategies.
• Implementing vendor-managed inventory (VMI) and consignment programs.
• Utilizing advanced inventory analytics and optimization software.

Module: Case Studies & Best Practices:

• Analyzing real-world inventory, demand planning, and international logistics case studies.
• Learning from industry leaders and best practices.
• Adapting successful models to your organization's specific context.
• Benchmarking inventory and logistics performance and identifying improvement opportunities.
• Developing continuous improvement strategies.

Module: Future Trends in Inventory, Demand, & International Logistics:

• The rise of digital supply chains and e-commerce.
• Increased focus on supply chain resilience and agility.
• The integration of AI and machine learning in inventory and logistics.
• The evolution of global trade agreements and regulations.
• The future of collaborative supply chain networks and partnerships.

Training Approach

This course will be delivered by our skilled trainers who have vast knowledge and experience as expert professionals in the fields. The course is taught in English and through a mix of theory, practical activities, group discussion and case studies. Course manuals and additional training materials will be provided to the participants upon completion of the training.

Tailor-Made Course

This course can also be tailor-made to meet organization requirement. For further inquiries, please contact us on: Email: info@skillsforafrica.org, training@skillsforafrica.org  Tel: +254 702 249 449

Training Venue

The training will be held at our Skills for Africa Training Institute Training Centre. We also offer training for a group at requested location all over the world. The course fee covers the course tuition, training materials, two break refreshments, and buffet lunch.

Visa application, travel expenses, airport transfers, dinners, accommodation, insurance, and other personal expenses are catered by the participant

Certification

Participants will be issued with Skills for Africa Training Institute certificate upon completion of this course.

Airport Pickup and Accommodation

Airport pickup and accommodation is arranged upon request. For booking contact our Training Coordinator through Email: info@skillsforafrica.org, training@skillsforafrica.org  Tel: +254 702 249 449

Terms of Payment: Unless otherwise agreed between the two parties’ payment of the course fee should be done 5 working days before commencement of the training.