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Reducing and Mitigating Variability in the Supply Chain

Variability is the underlying source of many challenges in supply chain operations.  From daily fluctuations in demand to large-scale supply chain disruptions, variability is the dominant cause of mismatches between supply and demand.  In this course, we examine the influence of variability throughout the supply chain, from its impact on simple processes to its effect on complex networks.  We also discuss variability mitigation strategies designed to improve supply chain responsiveness and profitability.  The course material is applicable to a broad audience – executives to tactical-level employees, in both manufacturing and service industries, will benefit from the topic coverage.

Topic Preview:

  • Understanding the Impact of variability
  • Supply chain performance evaluation
  • Influence of variability on supply  chain performance
  • Variability reduction and mitigation of supply variances
  • Variability reduction strategies
  • Variability buffering
  • Variability pooling

What you will learn:

  • The relationship among the key supply chain performance measures
  • The impact of variability on WIP, decreasing flow rate, and decreasing flow time
  • Why high utilization intensifies the effects of variability
  • Strategies to reduce processing time and input variability
  • Tactics to buffer against variability via inventory, capacity, and time
  • Why variability pooling can decrease the amount of buffering required to achieve a given level of performance

Registration begins at 7:30 a.m. for all classes (breakfast included). Class will run from 8:00 a.m. to 4:00 p.m.

Price:$650.00

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Center for Supply Chain Management

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