CII Virtual Workshop on 'Lean Techniques to Improve Demand Forecasting in Supply Chain' 23 & 25 January 2025
Context Setting
Quality, cost and delivery have long been considered as key indicators for supplier selection process and performance. The arrival of lean methodology is another beneficial aspect to the quality-supplier network. To create an integrated value supply chain, a strong relationship and collaboration is required between both supplier and buyer and also with internal functions aligning to goals.
Good quality management (QM) can enhance your organisation's brand and reputation, protect it against risks, increase its efficiency, boost its profits and reduce 8W waste.
The biggest attraction of QM is that profits can be increased without having to increase sales. This is primarily done by employing various tools and techniques throughout the product cycle from vendor and inhouse process selections to improve quality, process and product layout optimisation, forecasting and inventory management.
This programme has been designed with special focus on process using appropriate tools and techniques of 8W, Demand forecasting and Inventory management.
Objective
- To reduce 8W-waste elimination with practical approach.
- To understand the concepts, formulae like COGS, ITO and its tools and techniques in Inventory management
- To set safety stock and demand forecasting scientifically to avoid excess inventory.
- Quality techniques that can be applied practically to improve flow of parts
- Practical workshops are planned as a group activity with respect to organization process/product flow to identify opportunities and arrive at optimal solution to reduce lead time and improve Quality
Key Takeaways
- How can business improve quality and delivery through 8W waste elimination and proper Inventory management
- Importance of process-oriented vendor selection and development process in improving quality and lead time and ensure consistent reliability.
- Importance of control plan in process.
- Practical workshop on Why why analysis, Cause and effect diagram and paired comparison method like Taguchi techniques.
- Measuring cost of quality and corrective actions
- Tools and techniques such as Value stream Mapping (VSM), paired comparison method to solve lead time and quality issues
Participation Fees
- CII Members (Large and Medium) : Rs.7,500/- (+ 18% GST)
- CII SSI Members : Rs.6,500/- (+18% GST)
- Non Member Companies : Rs.8,500/- (+18% GST)
SPECIAL DISCOUNT
10% on 3 or more nominations from an organization.
Participation fees is non-refundable/ non-adjustable against any other programme of CII, but change in nomination(s) is accepted.
Registration: Prior registration for participation by the sponsoring companies is necessary.
