SUPPLY CHAIN MANAGEMENT

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1 SUPPLY CHAIN MANAGEMENT April 22 and 23, 2014 Organized by Business academy, at Zagreb School of Economics and Management and William Davidson Institute, at the University of Michigan

2 program overview: In today s fiercely competitive business environment, supply chain management has become an important competitive tool. This program introduces you to cutting-edge models and practical tools for effective supply chain design and management. As a participant, you ll learn how to design and implement effective supply chain practices. Special attention will be given to topics including: effective inventory control, distribution and logistics management, partnering with suppliers and customers to reduce costs and increase service levels, and successfully using e-business to manage supply chains. The first day will present conceptual topics with an eye toward establishing participants supply chain management intuition, with the concepts and consequences explored through discussions and hands-on exercises. The second day will consider more technical details of how to execute the concepts mentioned the first day and how to use known techniques and methods for optimization. The methods will be implemented as problem solving exercises using Excel Solver. by attending this program you will: Explore successful supply chain practices and how to implement them in your own organization Develop a framework for implementing effective inventory control, distribution, and logistics management methods Learn how to partner with suppliers and customers to reduce costs and increase service levels who ought to attend: This program is designed for senior-and middle-level managers with responsibilities such as supply chain management, distribution management, inventory control, e-business, and procurement. Consultants or general managers who would like a broader understanding of how different parts of supply chains fit together will also find this course valuable. Managers responsible for implementation of new information, decision support, and enterprise resource planning systems will also benefit from this program.

3 seminar schedule: Day 1 TIME 9:00 9:45 SESSION Introduction Functional vs innovative products 9:45 10:30 Managing functional products - Hands-on introduction to lean 10:30 11:00 Break 11:00-12:00 12:00-12:15 Break 12:15 13:15 13:15 14:45 Lunch 14:45 15:30 Managing functional products - Hands-on introduction to lean - Kaizen and lean practices Managing innovative products - Inventory buffering (introduction to newsvendor model) Managing innovative products - Inventory buffering (lead time reduction, risk pooling) 15:30 16:30 Capacity buffering and customer responsiveness 16:30-16:45 Break 16:45 18:15 prerequisites: Prior familiarity with basic concepts of linear programming and statistics are welcome, but not necessary. Participants are assumed to regularly use Excel. Bad magic - when functional products behave like innovative products - Hands-on Beer Game supply chain simulation

4 Day 2 TIME SESSION 9:00 11:00 Economic order quantity model - EOQ model. Safety stocks 11:00 11:30 Break 11:30 13:00 13:00 14:30 Lunch 14:30 16:00 16:00 16:15 Break 16:15 17:15 ABC inventory classification. XYZ inventory classification. Multicriteria classification. Independent and dependent demand. Bill of materials. How to determine your supply needs, given demands? How much to produce and how much inventory do you need? Linear programming model for aggregate planning. Problem solving. Some methods for demand forecasting. Total cost analyses and supplier selection. Steps for successful procurement and supplier selection 17:15 18:15 Case study presentation seminar leaders: Damian R. Beil is an Associate Professor at the Stephen M. Ross School of Business at the University of Michigan. At Ross Damian teaches the core MBA Operations Management course, as well as MBA- and Doctoral level electives on Strategic Sourcing. He also teaches an intensive, condensed version of the Operations Management core for Ross s Global MBA program. His teaching ratings are consistently high (averaging 4.8/5 across over a thousand students), and he received Teaching Excellence Awards in 2007 and In his research, Damian develops mathematical models to analyze complex problems in strategic sourcing. His work lately has focused on how bargaining power affects opportunistic pricing by suppliers, and how procurement auctions should be designed to account for supplier qualification screening and quality levels. He has contributed to numerous books on sourcing, on topics including supplier selection, supply chain disruption risk

5 management, and procurement auctions. Damian is also interested in applications of operations management to health care, and has analyzed therapy sequence scheduling for cancer patients and national organ allocation policies. His research has been published in journals that are considered to be the top publications in the world. Damian received the 2009 Arnold M. & Linda T. Jacob Faculty Development Award, and in the past year has given invited talks on his research to operations management departments at INSEAD, HEC Paris, London Business School, University College London, IESE, and the University of Cologne. Damian has collaborated widely with industry. He has worked with over a dozen companies in areas ranging from aerospace to retail. Example include Amazon. com, American Express, Boeing, Borders, BorgWarner, Con-way, Cummins, Dell, Domino s Pizza, Federal Mogul, General Motors, Intel, Pfizer, Tongxin International, United Defense, and Vision- Spring. Prior to joining Ross, Damian received his B.A. in Mathematics from New College and a Ph.D. in Operations Research from the Massachusetts Institute of Technology. Kristina Šorić is a professor at Zagreb School of Economics and Management, Management Department, since March 1, In the period from 1990 March 2012, she was working at Faculty of Economics Zagreb, University of Zagreb, where she was the head of Department of Mathematics for eight years. She has been teaching at Faculty of Natural Science, Department of Mathematics Zagreb for five years, Game Theory and Dynamical systems for Economics. She obtained her bachelor degree in mathematics and informatics at Faculty of Natural Science, Mathematical Department, master degree at Faculty of Economics Zagreb and PhD degree in applied mathematics at Department of Pure and Applied Mathematics, University of Padua, Italy. Her main scientific interest is in the field of operational research, optimization, combinatorial optimization, heuristics and metaheuristics for production scheduling, supply chain management and operations management. She is the member of Croatian Operational Research Society (from , president), member of Croatian Mathematical Society (in charge of leading Engineering Section, from December 1, 2011) and was scientific leader of two scientific projects financed by Croatian Ministry of science, education and sport ( Algorithms and heuristics for scheduling problems, Algorithms, heuristics and metaheuristics for scheduling problems ). She participated many international and domestic conferences, was chairman of many sessions, organizing committees member, spent many time on her sabbaticals at University of Udine, Italy, Departamento de Engenharia e Gestao,

6 Instituto Superior Tecnico, Lisbon, Portugal, Information and Operations Management Department, Marshall School of Business, Los Angeles, USA and many other institutions abroad. She published many scientific papers, some of them in the journal cited in the relevant basis, European Journal of Operational Research. Kristina has collaborated with industry such as Konzum d.o.o., HEP, Croatian National Bank, hold executive education seminar in Sarajevo, BiH in the field of inventory management for the participants from Konzum BiH, Mercator, Ataco and others. registration information: The program fee is 6.000,00 + PDV kn. The fee includes tuition, instructional materials, literature, lunch and reception. contact: Lana Mažuranić, MBA Business Academy ltd. Tel: 01/ Fax: 01/ SUPPLY CHAIN MANAGEMENT April 22 and 23, 2014 Organized by Business academy, at Zagreb School of Economics and Management and William Davidson Institute, at the University of Michigan

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