Utilize Excel® to reduce transportation costs, increase the profit, and develop long-term transportation strategies.
Supply chain management has become one of the most challenging topics that concern companies currently due to its direct influence on their revenues and margins. This complex network that links suppliers to final customers requires a huge cost control to remain competitive in the market, and transportation constitutes a leading factor in cost-efficiency strategies for companies. Here is where the transportation problem comes in, as it is a mathematical optimization problem that will help you find the most cost-effective way to distribute a product from a set of locations to a set of customers. This presentation will provide you with a clear definition of the transportation problem, its types, and the steps you should follow to solve it in Excel® using the Solver tool. This topic is important as it will allow you to reduce transportation costs and the environmental impact, increase the profit, and develop long-term transportation strategies.
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Over 37 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.
Agenda
Introduction to Transportation Problems
- Transportation Management State of Art
- Introduction to Linear Programming and Transportation Problems
Formulating a Transportation Problem in Excel® With Case Study
- Introducing the Case Study
- Building the Necessary Tables of the Model in Excel®
- Handling Unbalanced Supply and Demand
Solve the Transportation Problem Using the Excel® Solver Tool
- Specifying the Target Cell and Decision Variables
- Setting Up the Solver Constraints Running the Solver
- Interpreting the Results
Best Practices and Advanced Techniques
- Best Practices for Maximizing Efficiency and Accuracy
- Advanced Techniques for Tackling Complex Problems
Questions, Answers, and Discussion
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Why Lorman?
Over 37 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.
Credits
OnDemand Course
This course was last revised on February 24, 2023.
Call 1-866-352-9540 for further credit information.
- ISM 1.0
- Participants who successfully complete this program will receive 1.0 hours of continuing education. They may be applied toward ISM CPSM, CPSD or C.P.M. recertification. ISM's consent to approve hours for this educational event is not an endorsement of this program or its content by ISM.
This program does NOT qualify, nor meet the National Standard for NASBA accreditation.
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Why Lorman?
Over 37 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.
Faculty
Mohammed Boualam
DISLOG Group
- Demand planner at Dislog Group, a leader in transportation, logistics, supply chain, and storage
- Experience in supply chain management, supply planning, demand planning and forecasting, inventory management, operations research, multi-criteria analysis, and programming in Python, R, and VBA
- Provided training for contestants in many supply chain competitions that were hosted in the MENA region
- Provided technical support and guidance to students new to the SCM Globe supply chain simulation software
- Winner of the Supply Chain Brief Most Valuable Posts Award in 2021 in the technology category
- Author of the SCM Globe blog posts How to Solve Transportation Problems Using Excel Solver and Manage Your Transportation by Solving the Vehicle Routing Problem
- Industrial Engineer degree
- Can be contacted at [email protected] or +212 619360303
Khalid Idrissi
JESA Group
- Project expeditor for building and infrastructure projects, JESA Group
- Ensures the appropriate supply of cost-efficient and high-quality materials and equipment required to maintain project milestones
- Supply chain and industrial management engineer from the Higher School of Mines in Rabat
- Can be contacted at [email protected] or +212 6 65 93 42 23
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