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Executive Development Programs in during the month of February 2020

Jan 11, 2020 11:00:09 AM / by Venkadesh Narayanan

Fhyzics is an, Endorsed Education Provider (EEP) of IIBA, Canada; REP of International Requirements Engineering Board (IREB®), Germany; Authorized Training Provider of BCS, UK; Indian affiliate of PDMA, USA; Authorized Channel Partner (ACP) of APICS, USA; ASC of Chartered Institute of Procurement and Supply (CIPS), UK

Fhyzics conducts one-day Executive Development Programs to impart global best practices in Supply Chain Management, Business Analysis and New Product Development. The objective of these EDPs is to create a comprehensive understanding on these vital topics with a sound understanding on principles, industry trends and ability to adopt best practices. It is assured that you will carry a minimum of 10 Best Practices to your organisation to take your organisation to the next level. All these programs do not assume any mastery knowledge on the subject. The participants will be taught from the basics but will be leaving the program with a sound understanding.

During the month of February, 2020 the following Executive Development Programs will be conducted at Chennai and Bengaluru

Principles of Inventory Management (Feb-08-2020), Chennai

The Learning Outcome of the Principles of Inventory Management EDP are

  • Define inventory
  • Types of inventory
  • Functions of inventory
  • Nature of inventory
  • Difference between raw materials and components
  • What is a physical inventory?
  • What is a logical inventory?
  • Inventory auditing – Periodic and Perpetual
  • Why a supply chain professional should know about financial statements?
  • Understanding balance sheet, income statement and cash flow statement
  • Enterprise Inventory Policy
  • Aggregate inventory management
  • Item level inventory management
  • Acquisition cost, landed cost and total cost of ownership
  • ABC classification criteria
  • Lot-for-lot quantity
  • Fixed order quantity
  • Minimum order quantity
  • Economic order quantity
  • Order point system
  • Periodic review system
  • Pull and push systems
  • Backflush accounting

Warehouse Design and Operations (Feb-14-2020), Chennai

Robotic Process Automation (RPA) (Feb-20-2020), Chennai

RPA (Robotics Process Automation) is an initiative to identify and automate process steps which are manual, repetitive and high in volume. The human effort is mimicked by robots (tools and technologies) with no change to the existing process.

The Learning Outcome of the Robotics Process Automation are

  • Increased throughput or productivity
  • Improved quality or increased predictability of quality
  • Improved robustness of processes or product - Increase process standardization
  • Short cycles to implement, easier rollout
  • Drive Predictability
  • Reduce handling time
  • Reduced direct human labor costs and expenses
  • Shift towards outcomes
  • Fast and easy to implement
  • Costs less
  • Easy to change
  • Can be used to access all kind of applications
  •  Automatic logging
  • Governance framework
  • True 24 x 7 Potential

Topics: APICS, ASCM, Supply Chain Management, SCM

Venkadesh Narayanan


This Article was Written by
Venkadesh Narayanan

Venkadesh is a Mechanical Engineer and an MBA with 30 years of experience in the domains of supply chain management, business analysis, new product development, business plan and standard operating procedures. He is currently working as Principal Consultant at Fhyzics Business Consultants. He is also serving as President, PDMA-India (an Indian affiliate of PDMA, USA) and Recognised Instructor of APICS, USA and CIPS, UK. He is a former member of Indian Civil Services (IRAS). Fhyzics offers consulting, certification, and executive development programs in the domains of supply chain management, business analysis and new product development.

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