Supply Chain Management Professional
Course Description
Knowledge of Inventory Management is critical for the effective management of procurement and the supply chain, however Inventory it is commonly not understood. Therefore too high levels of inventory are held with attendant increases to costs, product obsolescence etc.
The Training Course Will Highlight ?

The purpose of this seminar is to enable delegates to evaluate current procedures so that they can change their methods of managing inventory.

The seminar provides practical skills to eliminate wasteful costs and avoid those internal problems that limit performance. Delegates will be able to understand and implement the “world class” tools for managing inventory in the supply chain.

Training Objective

Benefits to your Organization:

  • To Examine the link of inventory in the company supply chain operations and activities
  • To analyze the key areas of operation
  • To Identify and Understand key performance indicators
  • To Succeed in improving operations

Benefits to you:

  • How to analyze stock and inventory
  • How to make productivity improvements
  • Understand the role of inventory in the supply chain
  • Balancing cost and service requirements
  • A framework for continual improvement
  • Best in class practices

Target Audience

  • 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 Professionals

Training Methods

  • Expert tutor input using power points
  • Delegate discussion and involvement
  • Case studies
  • Exercises
  • Best practice examples
  • Supportive comprehensive course manual enabling practical application and reinforcement

Daily Agenda

Day one

Inventory and the supply chain

  • Inventory management definition
  • Types of stock
  • Demand amplifications
  • Demand replenishment in networks
  • Managing the flows
  • Type I and II supply chains
  • The Supply Chain Rules
  • Inventory and Statistics
  • Concept of service level

Day two

Inventory Key concepts

  • Key Component: Demand Analysis
  • Key Component: Demand Forecasting
  • Key Component: Supply Lead Time
  • Key Component: Cost & Benefits
  • Inventory benefits
  • Inventory polices
  • Inventory in organizations

Day three

Inventory replenishment methods and systems

  • Basic mechanics of inventory systems
  • The stock time curve
  • Stock components
  • Stock investment
  • Free stock
  • Fixed order quantity systems
  • Fixed order time cycle systems
  • Requirements planning systems

Stock Control, checking

  • Inventory receipts
  • Identifying inventory
  • Surplus and obsolescent stock
  • Stock control and records
  • Stock checking programs
  • Reviewing current procedures and polices

Day four

Inventory performance

  • Inventory Assessment
  • Assessing the stock level
  • Models for implementing inventory control
  • Determining stock targets
  • Inventory questions
  • Inventory KPI’s in warehouses/stores

Inventory Strategies

  • Push/pull
  • Quick response (QR)
  • Efficient consumer response (ECR)
  • Collaborative planning forecasting and replenishment (CPFR)
  • Lean and agile approaches
  • Quality Management
  • Postponement
  • Cross Docking
  • Consolidation
  • Vendor Managed Inventory (VMI)
  • Consignment stocking
  • Co-Managed Inventory (CMI)
  • Direct product profitability (DPP)
  • Economic value added (EVA)
  • Collaborative supply chains

Day five

Inventory Improvements

  • The Supply Chain and the Theory of Constraints
  • Practical inventory improvements
  • Keys to reducing stock levels
  • Rules for planning inventory
  • Model for planning inventory
Accreditation

BTS attendance certificate will be issued to all attendees completing minimum of 80% of the total course duration.

Quick Enquiry

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Course Rounds : (5 -Days)


Code Date Venue Fees Register
PRO150-09 17-07-2022 Dubai USD 4950
PRO150-010 23-10-2022 Istanbul USD 5450
Prices doesn't include VAT

UpComing Date


Details
  • Start date 17-07-2022
  • End date 21-07-2022

Venue
  • Country UAE
  • Venue Dubai

Quality Policy

 Providing services with a high quality that are satisfying the requirements
 Appling the specifications and legalizations to ensure the quality of service.
 Best utilization of resources for continually improving the business activities.

Technical Team

BTS keen to selects highly technical instructors based on professional field experience

Strengths and capabilities

Since BTS was established, it considered a training partner for world class oil & gas institution

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