Advanced Inventory Planning and Control

Code Date City Fees Register
P001 October 2, 2022 - October 6, 2022 Online $ 1900

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P001 January 1, 2023 - January 5, 2023 Dubai – UAE $ 5000

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P001 April 2, 2023 - April 6, 2023 Sharm El-Sheikh $ 4000

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P001 July 2, 2023 - July 6, 2023 Istanbul $ 4500

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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.
  • Understanding materials forecasting and inventory management:
    • Definition and scope of inventory management.
    • Business conditions and financial implications of inventory.
    • Inventory in the supply chain including the effects such as the ‘Bull Whip’ principle
    • Planning v Forecasting.
    • Delivery promise.
  • Current demand systems :
    • Dependent demand systems.
    • MRP.
    • Inputs and outputs .
    • Problems that can occur with MRP systems.
    • Independent demand systems.
    • Re-order point.
    • Economic Order Quantity (EOQ).
    • Periodic review systems.
  • Fundamental key steps in managing inventory :
    • ABC classification.
    • Utilising pareto.
    • Different ways to classify inventory.
    • Service levels.
    • Safety stocks.
    • Redundant stock and the removal.
  • Advanced Inventory Planning (AIP) Overview :
    • How AIP fits within the Oracle Retail footprint.
    • A high-level overview of AIP business processes.
    • The platforms on which AIP runs.
  • Inventory management and performance measuring tools :
    • Inventory measurements.
    • Common events that create inventory inaccuracy.
    • Cycle counts.
    • Net variances versus absolute variances.
    • Aids to improve inventory accuracy.
  • Forecasting :
    • Understanding demand behaviour and characteristics of inventory.
    • Forecasting techniques.
    • Evaluating forecasting accuracy.
    • Understanding forecasts and managing key relationships within the supplier customer cycle.
  • Forecasting models and systems :
    • Various models to consider.
    • ERP systems.
    • Off the shelf systems.
    • Spreadsheets available.
    • Demo systems.
  • Reconciliation Process :
    • The reasons why reconciliation is needed.
    • The four allocation boundaries.
    • The use of the priority matrix.
    • Two additional constraining factors.
  • Receipt Plan Alerts :
    • Distinguish the types of alerts and their purpose.
    • Name the types of alerts available in SRP.
    • Name the types of alerts available in WRP.
    • Identify typical user responses to alerts.
  • Order Management :
    • Identify the major functions in Order Management.
    • Name the major processes for creating orders.
    • Describe how orders are maintained in OM.
    • List the functions available when reviewing orders.
  • Considerations for supply chain strategy for inventory :
    • Inventory focus.
    • Who is responsible in the business?
    • Different views of inventory.
    • Strategic inventory decisions.
  • Financial implications :
    • Inventory velocity: turns ratio.
    • Carrying cost (inc.effect on margin, implications if slow moving stock).
  • Course summary.

Notes:

  • Great Discount for companies and governmental Organizations .
  • All programs are held in five star hotels .
  • All lecturers have sufficient knowledge and experience to implement the programs at an optimal level .
  • Large package of services is offered to the participants .

The Discount

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

2024-01-03T08:05:48+00:00