Inventory Management Masterclass

Logistics and Supply Chain

Course Info

Duration: 2 Weeks

Type: In Classroom

Available Dates

Venue

  • Aug-08-2021

    Dubai

  • Aug-09-2021

    Istanbul

  • Aug-16-2021

    Paris

  • Aug-23-2021

    Madrid

  • Sep-06-2021

    Kuala Lumpur

  • Sep-06-2021

    London

  • Sep-12-2021

    Dubai

  • Sep-13-2021

    Istanbul

  • Sep-20-2021

    Paris

  • Sep-27-2021

    Madrid

  • Oct-04-2021

    Kuala Lumpur

  • Oct-04-2021

    London

  • Oct-10-2021

    Dubai

  • Oct-11-2021

    Istanbul

  • Oct-18-2021

    Paris

  • Oct-25-2021

    Madrid

  • Nov-08-2021

    Kuala Lumpur

  • Nov-08-2021

    London

  • Nov-14-2021

    Dubai

  • Nov-15-2021

    Istanbul

  • Nov-22-2021

    Paris

  • Nov-29-2021

    Madrid

  • Dec-06-2021

    Kuala Lumpur

  • Dec-06-2021

    London

  • Dec-12-2021

    Dubai

  • Dec-13-2021

    Istanbul

  • Dec-20-2021

    Paris

  • Dec-27-2021

    Madrid

  • Jan-03-2022

    Kuala Lumpur

  • Jan-03-2022

    London

  • Jan-09-2022

    Dubai

  • Jan-10-2022

    Istanbul

  • Jan-17-2022

    Paris

  • Jan-24-2022

    Madrid

  • Feb-07-2022

    Kuala Lumpur

  • Feb-07-2022

    London

  • Feb-13-2022

    Dubai

  • Feb-14-2022

    Istanbul

  • Feb-21-2022

    Paris

  • Feb-28-2022

    Madrid

  • Mar-07-2022

    Kuala Lumpur

  • Mar-07-2022

    London

  • Mar-13-2022

    Dubai

  • Mar-14-2022

    Istanbul

  • Mar-21-2022

    Paris

  • Mar-28-2022

    Madrid

  • Apr-04-2022

    Kuala Lumpur

  • Apr-04-2022

    London

  • Apr-10-2022

    Dubai

  • Apr-11-2022

    Istanbul

  • Apr-18-2022

    Paris

  • Apr-25-2022

    Madrid

Course Details

Course Outline

10 days course

 

Inventory in the Value Chain

 

  • The purpose of inventory in the value chain.
  • Classification of inventory.
  • Procedure for eliminating obsolete inventory.
  • Pareto Law in identifying product Classification.
  • Location of inventory.
  • Using Economic Order Quantity on managing inventory order levels.
 
Demand Planning

 

  • Basic forecasting methods.
  • Customer segmentation.
  • Hierarchy of planning.
  • Aggregate planning.
  • Maintenance & Inventory planning meeting.
  • Master Scheduling.

 

Forecasting

 

  • Principles of forecasting
  • Effect of lead time on the forecasting process
  • Quantitative forecasting
  • Qualitative forecasting
  • Tracking forecast accuracy
  • ·Determining safety stock
 
Inventory Recording

 

  • Period stock take
  • Cycle counting
  • Perpetual recording
  • Utilizing Bar-cades to manage inventory and movements
  • The use of Radio Frequency Identification (RFID) for recording inventory movement
  • Inventory accounting

 

Performance Measurement
 
  • Stock turnover rate
  • Customer service
  • Cost of operations
  • Measuring the effectiveness of your system
  • How to use the measurements
  • Class exercise on selective inventory management
 
Setting the right stock levels
 
  • A simple assessment of review levels.
  • Managing lead times.
  • Target stock levels.
  • The changing role of purchasing.

 

Modern supply practice
 
  • Supply partnerships.
  • The ordering processes.
  • Order quantities.
  • Purchasing processes.
  • Forecasting demand.

 

Options for assessing demand
 
  • Causes of forecasting techniques.
  • Methods of improving forecasts.
  • Historical forecasting techniques.
 
Basic forecasting techniques
 
  • Weighted averages.
  • Choosing the best forecast.
  • Monitoring forecasts.
  • Advanced forecasting methods.

 

More forecasting tools

 

  • Forecasting for seasonal sales.
  • Other methods.
  • Material requirements planning – an alternative to forecasting.

 

Avoiding uncertainty

 

  • Material requirements planning.
  • Master planning.
  • Batch sizes.
  • The future – inventory and logistics.

 

The basis of the lean supply chain
 
  • Logistics.
  • Review.

Course Video