Besides, the course will cover the Materials Controller's & Planning roles and responsibility is one of the key functions in the overall supply chain, and managing effectively will result in meeting business objectives and assuring satisfies customers.
Course Objectives
Greater understanding of the goals and objectives of inventory management
Tools and techniques of inventory management
Learn how to manage and control inventory accuracy
Implement an inventory management process across your organisation
Planning and controlling inventory levels and planning
Physical control of inventories
Material Requirement Planning
Manufacturing Resource Planning principles
Master scheduling management methods
Day 1
Inventory and the Supply Chain
Inventory management definition
Types of stock
Demand amplifications
Demand replenishment in networks
Managing the flows
Type I and II supply chains
The Supply Chain Rules
Inventory and statistics
Concept of service level
Inventory Key Concepts
Key Component: Demand Analysis
Key Component: Demand Forecasting
Key Component: Supply Lead Time
Key Component: Cost & Benefits
Inventory benefits
Inventory policies
Inventory in organizations
Day 2
Inventory Replenishment Methods and Systems
Inventory Replenishment Methods and Systems
Basic mechanics of inventory systems
The stock time curve
Stock components
Stock investment
Free stock
Fixed order quantity systems
Fixed order time cycle systems
Requirements planning systems
Stock Control and Checking
Inventory receipts
Identifying inventory
Surplus and obsolescent stock
Stock control and records
Stock checking programs
Reviewing current procedures and polices
Day 3
Inventory Performance
Inventory Assessment
Assessing the stock level
Models for implementing inventory control
Determining stock targets
Inventory questions
Inventory KPI’s in warehouses/stores
Inventory Strategies
Push/pull
Quick response (QR)
Efficient consumer response (ECR)
Collaborative planning forecasting and replenishment (CPFR)
Lean and agile approaches
Quality Management
Postponement
Cross Docking
Consolidation
Vendor Managed Inventory (VMI)
Consignment stocking
Co Managed Inventory (CMI)
Direct product profitability (DPP)
Economic value added (EVA)
Collaborative supply chains
Day 4
Inventory Improvements
Using the Supply Chain
Using the Theory of Constraints
Practical inventory improvements
Call offs and Telemetry
EDI and ICT
Keys to reducing stock levels
The 7 Rules for planning inventory
Model for planning inventory
Day 5
Business Concepts and Planning
Timeline for emerging new technologies in manufacturing
Key manufacturing Questions
Concept of Supply Chain Management
Classification of Operations
Business Planning Cycle
MRP - Materials Requirement Planning
Materials Structure Tree
Gross Materials Requirement Planning
Net Materials Requirement Planning
Master Production Scheduling Overview
Bill of Materials
Key MRP Activities
MRP Integration Issues
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