production costs are the aims of these concepts. However, connected to the implementation of new SCM approaches are numerous changes of the existing processes in the areas sales, manufacturing and procurement. Training of the involved staff is indispensable for a successful change of these processes. MRP, JIT, Kaizen, Kanban strategies and key approaches to cost management, such as how to manage and influence demand curves, plan effective resource utilization and reduce costs. By completing the training participants will be able to establish effective inventory management control, report on KPI performance and appreciate the importance of audit trails and transparency. Risk management techniques are also part of the training agenda, which will allow participants to take away specific action plans and further develop their role and organizational benefit upon return to the workplace.
Who Should Attend?
Inventory / Materials Managers Logistics and supply chain management Purchasing management Contract Management Finance and accounting Warehousing Supply chain program manager Logistics manager Purchasing manager Industrial production manager Executives and managers responsible for supply chain and logistics Supply chain management professionals Supply chain engineers and analysts Inventory planners and analysts Manufacturing and process engineers Industrial engineers and systems analysts Production and warehouse supervisors and team leaders Supply chain and logistics consultants Purchasing managers Transportation managers and engineers Retail solutions manager Product supply lead Import operations specialist Export specialist
Program Outline : 1. 2. 3. 4. 5. 6. 7.
Inventory fundamentals Information requirements and classification for inventory Inventory positioning and determining / forecasting what to stock Inventory cost control techniques or rationalization Improving inventory performance Inventory planning trends and innovation Inventory management, forecasting, & stock control techniques
Inventory fundamentals :
The role and impact of inventory management within the organization Key objectives and responsibilities of Inventory management specialists The “inventory management compass” – ensuring SMART objectives – historic, current state, future state
