Successfully Planning And Controlling Material And Inventory

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Successfully Planning And Controlling Material And Inventory Demand Planning And Forecasting For Effective Stock/Inventory Management 17 – 20 November 2013 Kempinski Hotel, Mall of the Emirates, Dubai, UAE

Top 3 Learning Benefits 1. Examine the link of inventory management with the supply chain operations and activities in your company 2. Identify and understand Key Performance Indicators (KPIs) to significantly improve your operations 3. Analyse the key areas of operations and ensure that the movement of goods to the customer adds value

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Successfully Planning And Controlling Material And Inventory 17 – 20 November 2013 • Kempinski Hotel, Mall of the Emirates, Dubai, UAE Meet Your Expert Course Director Alexander Borg MCIPS (Stam) MIM CMILT U.K Alexander Borg is the Regional Director for CILT in the UAE (www.ciltuae.org) and co-ordinator for the Middle-East region based in Dubai. Alex is a chartered trainer and consultant in logistics, transport and supply chain management. He graduated in purchasing and supply chain management from the Chartered Institute of Purchasing and Supply (CIPS) in Stamford, and in stores and inventory management from the College of Professional Management in Jersey UK. He also holds an international qualification in logistics and transport management awarded by CILT International.

Alex has been involved in training activities since 1994, where he was entrusted by the Employment and Training Corporation to design and deliver innovative professional development programmes in areas related to logistics and supply-chain management. As a member of the Institute of Management, Alex delivered management programmes, and today he leads various training programmes all over the world.

Alex is a qualified procurement and supply-chain professional with extensive hands-on buying and logistics management experience within complex, rapidly changing, cost conscious and customer service environments. He is a self-motivated individual with a proven ability to work with front to end users in developing effective procurement and contract and supply chain strategies, whilst developing strong partnerships with suppliers to implement and enhance outsourcing programmes.

He is accustomed to managing all levels of expenditure, utilising best practice methods, management of negotiations, contract formation, implementation and category management, supplier appraisal schemes, forward scheduling, hands-on knowledge of WMS and the management of procurement and supply chain operations. With over 20 years’ working experience, today Alex is involved in various consultancy projects and assignments both for public and private organisations in Europe, North Africa, the Middle East/ Gulf region and South East Asia.

Course Overview The ability to effectively manage inventory has a major impact on supply chain performance and the resultant cost to serve your customers. Poor inventory decisions can result in costs being increased or customers being let down. Getting the balance right requires skilful application of inventory management techniques.

This course is an intensive four day course, for those who want to understand and implement the essential tools for planning of material and controlling inventory in the supply chain.

At the end of the course delegates will be able to: • Evaluate the procedures and make changes to the methods of improving customer service • Achieve reductions in inventory and eliminate wasteful costs • Avoid internal problems that limit performance, and obtain added value for money • Analyse stock and inventory and improve productivity • Understand the role of inventory in the supply chain to: Balance cost and service requirements Provide a framework for continual improvement Aim to adopt best practices

Who Should Attend?

This four day course is for those who are new to managing inventory and non-inventory staff who need to gain an awareness of the issues and key drivers of stock control operations. Inventory, stock, supply chain, logistics, warehouse and distribution supervisors/officers and owners and directors of companies who hold stock and inventory will also benefit from this course.

Would you like to run this course in-house?

The in-house training division of IIR Middle East Tel: +971 4 407 2624 • Email: CTS@iirme.com www.iirme.com/cts

+971 4 335 2437

+971 4 335 2438

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Course Timings: Registration will be at 07:30 on Day One. The course will commence at 08:00 and conclude at 14:30 each day. There will be two refreshment breaks at approximately 10:30 and 12:30 and lunch will be served at the end of each day’s sessions.

Course Outline

Day One The Supply Chain The Supply Chain: Definitions, History And Key Aspects • Definitions • History and development • Key aspects • Benefits of supply chain approach Relationships And Material Flows In The Chain • Integrating the supply chain • Lead-times • Customer service • Adding value • Tradeoffs • Power of information • Sharing and collaboration in the supply chain Planning Management Much time can be spent on this activity, but there are methods to both minimise the time and at the same time increase checking accuracy. This session examines such aspects as: • Roles and responsibilities • Requirements • Job descriptions • Authority levels • Tolerances and approvals • The programme • Options • Reconciliations/discrepancies

Day Two Overview And Evolution Of Material Planning Material Planning • Evolution of MRP • What issues and problems do you see?

• Material Requirements Planning – MRP • Manufacturing Resource Planning – MRPII • Enterprise Resource Planning – ERP Replenishment Methods • How much stock should be held?

• Stock time curve • Determining the reorder level • Determining the reorder point • Carrying safety stock • Fixed and variable time periods • Fixed and variable order quantities Replenishment Methods For Independent Demand • When to order?

• How much to order?

+971 4 335 2437

+971 4 335 2438

• • • •

Economic order quantities Two-bin methods Minimum-maximum methods Comparing continuous review and periodic review methods

Day Three Forecasting And Stock Control Demand Forecasting • Sales forecasts • Statistical forecasts • When forecasting is easier • When forecasting is harder Stock Coding The method by which stock is coded is important in the overall management process • Different stock coding methods • Understanding of all processes involved • Checklists to help on deciding the best option Stock Recording This session looks at stock recording, a critical aspect of stock control and if done incorrectly is the source of many subsequent errors: • Separation of powers • Legal issues • How do you get inaccuracies?

Day Four Products And Stock Product Classification • Supply/demand variables • Dependent and independent demand • Patterns of demand • ABC analysis or the 80/20 rule • Product coding Inventory Costs And Service • Why hold stock?

• Inventory costs • Service levels from inventory • Cost/service trade offs

Improvements – Model For Planning Inventory Planning Inventory • Understanding lead time • Lead time variability and uncertainty • Managing inventory by value and by volume • Questions to ask about inventory • Model for inventory planning • Course evaluation and summary

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Successfully Planning And Controlling Material And Inventory 17 – 20 November 2013 • Kempinski Hotel, Mall of the Emirates, Dubai, UAE

FIVE WAYS TO REGISTER IIR Holdings Ltd. P.O Box 9428 Dubai, UAE

+971 4 335 2437 +971 4 335 2438 register@iirme.com

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DISCOUNTS AVAILABLE FOR 2 OR MORE PEOPLE CALL – +971 4 335 2483 E-MAIL – a.watts@iirme.com WEB BC4784 Event

Course Fee Before 1 September 2013

Course Fee Before 22 September 2013

Final Fee

Successfully Planning And Controlling Material And Inventory 17 – 20 November 2013

US$ 3,895

US$ 4,395

US$ 4,695

WOULD YOU LIKE TO RUN THIS COURSE INͳHOUSE?

Course fees include documentation, luncheon and refreshments. Delegates who attend all sessions will receive an IIRME Certificate of Attendance.

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Due to unforeseen circumstances, the programme may change and IIR reserves the right to alter the venue and/or speakers.

Event Venue: Kempinski Hotel, Mall of the Emirates, Dubai, UAE Tel: +971 4 341 0000 Accommodation Details We highly recommend you secure your room reservation at the earliest to avoid last minute inconvenience. You can contact the IIR Hospitality Desk for assistance on: Tel: +971 4 407 2693 Fax: +971 4 407 2517 Email: hospitality@iirme.com

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