Inventory Planning and Control

Code Date City Fees Register
P009 April 28, 2024 - May 2, 2024 Dubai – UAE $ 5000

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P009 July 7, 2024 - July 11, 2024 Madrid $ 5000

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P009 October 27, 2024 - October 31, 2024 Dubai – UAE $ 5000

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P009 January 5, 2025 - January 9, 2025 Online $ 1500

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Objectives

  • Enhance forecasting process .
  • Determine which inventory management system works best for your organisation.
  • Eliminate dead stock and get slow-moving inventory out the door.
  • Keep inventory management costs down.
  • Create a cycle-counting programme that could eliminate your annual inventory.
  • Discuss the challenges and benefits in managing the supply chain.
  • Provide a basic definition of Supply Chain Management.
  • Describe the main goal of supply chain replenishment planning.
  • Describe a high-level overview of AIP business processes.

The Delegates

This course is suitable for procurement; warehouse and supply chain practitioners, commercial management and inventory managers, who are looking to obtain leading edge inventory efficiencies and competitive edge for both themselves and their organisation.

The Contents

  • Introduction and course overview.
  • 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 polices .
    • Inventory in organizations .
  • 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 .
  • 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
  • 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
  • Course summary.

The Discount

10% in case of Three P. (or more)

2024-04-26T14:00:27+00:00