In-Company training for the Supply Chain Professional
Managing Inventory
Course Objectives
This programme will introduce delegates to the essential principles underpinning inventory management.Course Contents
Inventory DefinedThe holding cost of inventory
World class inventory management performance levels and how they are achieved
Types of inventory demand pattern
Flow control
Mass manufacture
Mass customisation
Batch manufacture
MRO items
Using ABC analysis to select inventory management approaches
Independent demand
Dependent Demand Inventory systems
MRP
ERP
JIT / Kanban
Independent Demand Inventory systems
Fixed Lot order
Re-order point control
Economic Order Quantity
Re-order quantity
Independent demand service levels
Current best practice in the set up and management of supply chains
Lean supply techniques
Demand management
Virtual demand management
Who Should Attend
Teams of supply chain specialists who have recognised the importance of inventory management to the efficient performance of their operation and the impact that it can have on input costs.
Duration
A 1-day single manned course.
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