________________________________________________________________________________________________

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.
  • Barcoding.

• 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).

• Inventory reduction :

• • A series of steps to be outlined for course participants to follow
  • Improvement plans for inventory management.
• Course summary.

The Discount

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