Course Introduction
Industry 4.0 is here and it is fundamentally transforming the traditionally discrete and siloed supply chains into dynamic and interconnected supply networks. Such a paradigm shift has a significant impact on the flow of information and materials at the supply chain, enterprise and shopfloor levels, and compels companies to re-think the way in managing inventory.

In this two-day masterclass, SIMTech, together with iCognitive, will lead you through the necessary steps to effectively manage inventories at all levels of their product structures, i.e. raw materials, in-transit inventories, WIPs and finished goods, in the I4.0 working environment. In this practical and interactive workshop, we will explore how inventory management practices have evolved in this digital era. The topics include but not limited to:
  • How to position strategic inventory and optimize inventory level within a supply chain network?
  • How to engage collaborative inventory planning and execution to deal with inventory dynamics in a digital supply chain to achieve inventory investment goal?
  • How to improve demand satisfaction of the supply chain through end-to-end visibility for stakeholders by exploiting advanced ICT technologies?
  • How to systematically implement a resilient and responsive inventory network to achieve a high service level in a cost efficient manner?
The training will be complemented by case studies, exercises, and discussions involving participants’ actual challenges.

Who Should Attend
CEO, Vice Presidents, Directors, General Managers, Senior Managers and Professionals who are in:
  • Supply Chain
  • Planning
  • S&OP
  • Procurement / Sourcing / Purchasing
  • Inventory / Materials Control
  • Operations
  • Manufacturing Plants/Factories
  • Production
About this Master Class
The master class consists of 5 key modules, each with its own learning objectives, as follows:

Module 1: Introduction of Inventory Management in Supply Chain & Working Environment
Participants will be introduced to some of the new requirements for inventory management in the Industry 4.0 environment, to help them to understand some of the opportunities for improving the inventory performance in the digital age. They will also be exposed to some state-of-the-art technologies available in the market.

Module 2: Inventory Positioning & Optimisation
Supply networks are now more global and complex than ever, and products are produced and delivered via various types of stakeholders, e.g. external suppliers, distributors, and logistics partners that are often based in different countries. Participants will learn the techniques in designing an inventory network, which minimises supply chain risk and improves customer satisfaction. They will also learn to balance the trade-off between customer service and inventory cost.

Module 3: Collaborative Planning and Execution in Managing the Dynamics of Inventory
Traditional supply chains have evolved into interconnected networks in the Industry 4.0 working environment, in which the dynamic change of events and information is shared with all the stakeholders simultaneously. To achieve optimal network performance, collaborative planning and execution become critical.

Module 4: Visibility of Inventory and Management Performance
Having a real-time end-to-end visibility of the inventory and its key performance indicators (KPIs) across the network increases the certainty and reliability of operations. Managers can quickly identify areas for improvement and plan for contingency on-the-go. Furthermore, advanced data analytics can be deployed to assist in fast decision making.

Module 5: Inventory Management Implementation Framework
Industry 4.0 provides ample opportunities for companies to improve their inventory performance through instant information sharing, collaborative planning and end-to-end visibility. An implementation framework is required to guide companies in transforming their inventory management practices, which align with their overall digitalization strategies.

When and Where
Dates: 21-22 February 2019 (Thursday & Friday)
Time: 9.00am to 5.30pm
Venue: Singapore Institute of Manufacturing Technology, 6 Fusionopolis Way, Synthesis, Level 1
Model Factory@SIMTech, Singapore 138636
(Visit here for directions on how to reach the venue. Synthesis is located next to Innovis)

Course Fee
Full Course Fee S$1800 + GST per participant
Singapore and Permanent Resident $500* (including GST) per participant

*After course fee subsidy from the Workforce Singapore (WSG) Agency

Dr John Paul is an expert in Supply Chain Management and Operational Improvement for Manufacturing and Services with over 30 years of experience. He is a Certified Prosci® Change Management Practitioner, and a Certified CIPM, CISCM Instructor.

He is currently the Managing Director of iCognitive, a dynamic, innovative consultancy company offering Excellence in Supply Chain services with a successful worldwide client base which includes Emirates, Al-Nahdi in the Middle East, Thales, Orange (formerly France Télécom), L’oreal in Europe; Fonterra, BAT (British American Tobacco), SFI (Singapore Food Industry), and Huntsman Textile in SEA; and in China, Coca-Cola, Shanghai Electric, Mengniu, Huawei, and Saint Gobain, etc.

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In his previous position with the Singapore Institute of Manufacturing Technology (SIMTech), he had successfully implemented Supply Chain Management for local SMEs, PLEs and MNCs such as Philips CFT, Stamford Press, Sony, Venture Manufacturing, PETRONAS Oil Business, MINDEF, etc. Before joining SIMTech in 1997, John had managed several Strategic Supply Chain Management projects in Europe, e.g. Digital Equipment Corporation Europe, Danzas, DHL Europe, DuPont and Thomson.

John has written numerous articles on Supply Chain Management and has been lecturing in different Universities (Paris 12, ISLI - Kedge in France; Nanyang Technological University, and ESSEC Asian Campus in Singapore).

From 1990 to 1995, John was the President of the Society of Logistics Engineers Paris Chapter. Since 1999, he is the founder and current Secretary of SEA Chapter of the APICS Supply Chain Council and a member of the Technical Development Committee. He is the sole certified SCOR workshop instructor in South East Asia region. He is the Chairman of the Council of Supply Chain Management Professionals (CSCMP) Asian Chapter.

iCognitive is a leading consulting company specializing in Supply Chain Management, and providing a comprehensive range of Supply Chain consulting services, in-depth analysis, pragmatic solutions, training and a capability to produce practical and measurable results for its customers.

iCognitive expertise in Supply Chain Management provides its clients with support in their development to professional success. Supply Chain is cross functional, iCognitive provides training for all levels within the Supply Chain and various departments such as distribution, customer services, finance, and sales.

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iCognitive believes in a culture of continuing professional development as training is a tool to make the different actors in the Supply Chain (Supplier, Manufacturer, Distributor, Finance, Sales, Quality, IT, etc.) speak the same language, align understanding, acquire new competencies, and coordinate actions towards the company’s goals.

iCognitive offers a variety of approaches to learning, from hands-on experience in model factories to online professional development. With 20 years of training expertise, more than 2000 alumni and teaching in 3 world class universities, iCognitive integrates the insights from the first-hand experience and knowledge of working with the clients over the years into the course curricula. The training courses help participants translate their learning into daily business practices for lasting performance improvement by putting them in real situation using gamification approach and interactive sessions.

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Register Your interest to join the Masterclass here!

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