Pioneers for Training, Development & Consultancy

SCM1704 | Effective Purchasing & Inventory Management Techniques

Start	End	Duration	Venue	Fees
13 Jan 2020	24 Jan 2020	2 Weeks	London	$7,900	Register
10 Feb 2020	21 Feb 2020	2 Weeks	Istanbul	$7,300	Register
09 Mar 2020	20 Mar 2020	2 Weeks	Bangkok	$7,500	Register
20 Apr 2020	01 May 2020	2 Weeks	Kuala Lumpur	$7,300	Register
18 May 2020	29 May 2020	2 Weeks	Jakarta	$8,000	Register
08 Jun 2020	19 Jun 2020	2 Weeks	Singapore	$8,000	Register
05 Jul 2020	16 Jul 2020	2 Weeks	Dubai	$6,900	Register
09 Aug 2020	20 Aug 2020	2 Weeks	Cairo	$6,400	Register
06 Sep 2020	17 Sep 2020	2 Weeks	Alexandria	$6,400	Register
19 Oct 2020	30 Oct 2020	2 Weeks	California	$10,000	Register
09 Nov 2020	20 Nov 2020	2 Weeks	Bali	$8,000	Register
21 Dec 2020	01 Jan 2021	2 Weeks	Adana	$7,300	Register

PROGRAM'S BACKGROUND

This is an intensive program for those who want to understand and implement the essential tools for managing inventory in the supply chain. Participants are shown how to evaluate procedures and make the needed changes to methods to improve customer service whilst achieving reductions in inventory; eliminate wasteful costs; avoid d internal problems that limits performance; obtain added value for money.

PROGRAM'S OBJECTIVES

This Program’s Attendees Will Be More Able To:

› Gain knowledge of effective inventory operations in the supply chain

› Make analysis & examination of current operations

› Make organizational improvement

PROGRAM'S ATTENDEES

› Those new to managing inventory

› Those non inventory people 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/Managers

› Owners, Operators and Directors of companies who hold stock and inventory

› Warehousing Personnel

› Distribution Managers

› Senior Production Staff

› Maintenance and Operations Managers

› Line Production Supervisors and Production Engineers

› Logistics Personnel

› Materials and Equipment Personnel

› Supply Chain Professionals

› Plant Superintendents

› Inventory Planners

› Master Planners

› Master Schedulers

› Production & Maintenance First Line Supervisors

PROGRAM'S OUTLINE

SUPPLY CHAIN

› The supply chain definitions, history and key aspects

› Definitions

› History and development

› Key aspects

› Benefits of supply chain approach

RELATIONSHIPS & MATERIALS FLOWS IN THE CHAIN

› Integrating the supply chain

› Lead-times

› Costumer service

› Adding value

› Tradeoffs

› Power of information

› Sharing and collaboration in the supply chain

PRODUCT CLASSIFICATION

› Supply/ demand variables

› Dependent and independent demand

› Patterns of demand

› ABC Analysis or the 80/20 rule

› Product coding

INVENTORY COSTS & SERVICE

› Why hold the stock?

› Inventory costs

› Service levels from inventory

› Cost/service trade offs

› Understanding lead time

› Lead time variability and uncertainty

› Inventory and statistics

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

› Economic order quantities

› Two bin methods

› Minimum – maximum methods

› Comparing continuous review and periodic review methods

OTHER REPLENISHMENT METHODS

› When to order for dependent demand

› How much to order for dependent demand

› Materials planning (MRP and MRPII)

› For spare parts

DEMAND FORECASTING

› Sales forecasts

› Statistical forecasts

› When forecasting is easier

› When forecasting is harder

STOCK CODING

› Different methods

› Understanding of all involved

› Checklist to help on deciding the best option

STOCK RECORDING

› Stock recording, critical aspect of stock control and if done incorrectly is the source of many subsequent errors

› Separation of powers

› Legal issues

› How do we get inaccuracies?

STOCK CHECKING

› Roles and responsibility

› Requirements

› Job descriptions

› Authority levels

› Tolerances and approvals

› The program options

› Reconciliation’s/discrepancies

MODEL FOR PLANNING INVENTORY

› Managing inventory by value and by volume

› Questions to ask about inventory

› Model for inventory planning

› What to implement now

ADDITIONAL DETAILS

Material published by Pioneers shown here is copyrighted.

All rights reserved. Any unauthorized copying, distribution, use, dissemination; downloading, storing in any medium, transmission, reproduction or reliance in whole or any part of this course outline is prohibited and will constitute an infringement of copyright.

P.O. Box 11111,

Ibn Al-Hakam Square, Helmyat El-Zaytoon, Cairo, Egypt

Tel: 002 01117866099 | 01117864455, Email: info@pioneerscenter.com

Benefits to Organization

1. The candidates will become competent, effective and productive on their jobs. This training program is useful for:

· Competency building where existing employee is promoted or planned to be promoted.

· Technical knowledge, skills and competencies.

· Needs and expectations of the stakeholders/ customers both internal and external.

· Opportunities to exceed stakeholder/ customer expectations.

2. Create a pool of trained manpower that can cost-effectively spread the knowledge to large number of employees inside the organization.

3. Our facilitators often act as mentors for your trained employees and thus provide a most effective way to ensure effective competency development and application by your motivated staff.

4. We adopted a one-to-one approach that can provide more room for your employees to work at their own pace and address individual needs more freely.

Benefits to the Individuals

1. The candidates will gain a multi-discipline understanding of the subject matter.

2. Have an individual action plan to take away that will help the candidates make a difference in their organizations. This will add value to the expertise and experience of the candidates’.

3. Be more able to enhance job satisfaction and reduce wasted time and effort.

4. Ensure that the candidates will know and appreciate the strategic imperatives that drive the organization's efforts in their relevant job area.

5. Be more able to align your roles and job requirements with the organization’s mission and vision.

6. Be more able to meet your deadlines and tasks and successfully complete any scorecard in a timely fashion.

Additional Benefits

1. Good & best industry practices.

2. Checklist approach for ease of understanding and practical application.

3. Latest technologies including information technology, quality assurance and methodology.

4. Quality assurance and quality improvement incorporated in each program.

5. One-to-one approach and small groups will lead to learner-centered environment.

6. Experienced and qualified instructors both academically and in practice.

7. Customized programs to meet and suit individual training needs.

8. Letters of recommendation for the exceptional performers.