INTRODUCTION
These inventory management techniques will improve your inventory turnover ratio and transform frozen assets into cash. Cutting-edge inventory management techniques deliver results that go far beyond initial expectations. Explore the latest inventory management methods for saving money, satisfying customers and speeding up the flow of inventory. Learn how to take days—not hours—out of the manufacturing and distribution cycle. Discover how to apply today’s most exciting production techniques.
PROGRAMME OBJECTIVES
- Becoming truly responsive to your customers’ real needs
- Reducing your cost of inventory obsolescence
- Making your scheduling and shop loading more efficient
- Narrowing the gap between sales and stock replacement
- Fine-tuning your record-keeping accuracy for better inventory management
- Determining your exact material status and inventory dollar burden
WHO SHOULD ATTEND?
- Purchasing, manufacturing and production control managers
- Industrial engineers
- Factory superintendents
- Customer/technical service managers
- Who can benefit from enhancing their inventory management techniques
PROGRAM OUTLINE
- Inventory Mgt., SCM and Purchasing Mgt.
- Inventory Mgt. as a part of SCM
- Supply Chain Management
- Inventory Mgt. & Warehouse Mgt.
- Inventory Types
- Why keep inventory?
- Inventory & Investment Risks
- Inventory Management Cycle
- Materials Flow
- Planning
- Inventory Control as Competitive advantage
- Inventory Classification
- Investment Efficiency Criteria in Inventory Mgt.
- Improving Inventory Mgt. Efficiency & Effectiveness
- Overstock
- 20/80
- Warehouses
- Warehouse Operations (Inventory)
- Data in Warehouse
- Warehouse / Receiving Items
- Cross Docking
- Issuing materials
- Inventory Costs (warehousing)
- Forecasting
- Inventory Calculations (Demand Mgt.)
- EOQ (stock levels – lead time – total elapsed time)
- ROP
- LSWR
- Inventory Mgt. Accuracy
- Stocking and Re-Stocking
- Inventory Solutions
- Inaccuracy Reasons
- Purchasing Methods
- Price Agreements
- JIT
- How we order?
- KPI’s
- Inventory Check
- Inventory Lifecycle
- Coding
- Standardization
- Commodities
- MESC
- Inventory Mgt. Audit
- Inventory Mgt. Reports
