Effective Inventory Management Techniques and Control Course

*The Supply Chain
– Definitions
– Benefits of supply chain approach
– Integrating the supply chain
– Relationships and material flows in the chain

*Product Classification
– Supply/demand variables
– Dependent and independent demand
– ABC analysis
– Inventory costs and service
– Why hold stock?
– Inventory costs
– Inventory and statistics
– Service levels from inventory

*Replenishment Methods for Independent demand
– Economic order quantities
– How much to order
– Minimum=maximum methods
– Continuous review and periodic review methods

*Forecasting and stock control
– Sales forecasts
– Statistical forecasts
– When forecasting is easier or harder

*Stock coding
– Different methods
– Understanding all involved
– How do we get inaccuracies?

*Model for Planning Inventory
– Managing inventory by value and by volume
– Model for inventory planning
– What to implement now.

FOR WHOM:
Stores, Purchasing and Logistics Personnel in the Public and Private Sectors.