(6 Ratings)

Advanced Inventory Management Concepts (includes Excel templates)

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About Course

Managing Supply Chain Inventory: Pitfalls and Opportunities

Do you consider distribution and inventory costs when you design products? Can you keep your customers informed of when their orders will arrive? Do you know what kind of inventory control systems your dealers use?

If not, you’ve succumbed to the pitfalls of inventory management. You’re not alone. Manufacturers have been concentrating on quality of incoming materials and outgoing products, but they haven’t been paying as much attention to the costs associated with transporting and storing them.

The more complex your network of suppliers, manufacturers, and distributors, the more likely you can gain operational efficiencies by attending to inventory.

Most manufacturing enterprises are organized as networks of manufacturing and distribution sites that procure raw materials, transform them into intermediate and finished products, and distribute the finished products to customers.

The simplest network consists of one site that performs both manufacturing and distribution. More complex networks, such as those required to manufacture mainframe computers, span multiple sites that may be scattered around the world.

We call these networks supply chains or value-added chains

Often, multiple managers — manufacturing, operations, logistics, material, distribution, and transportation managers — have responsibility for different parts of a chain.

Overall operational performance, as part of the finished product’s cost, may be the responsibility of the product division’s manager.

Managing a supply chain is very different from managing one site. The inventory stockpiles at the various sites, including both incoming materials and finished products, have complex interrelationships.

Efficient and effective management of inventory throughout the supply chain significantly improves the ultimate service provided to the customer.

In our sessions, we describe the many pitfalls of managing supply chain inventories and suggest opportunities for improving management and control.

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What Will You Learn?

  • Master Inventory management
  • Practical approaches
  • With Excel templates & solution
  • World's unique program from APICS certified experienced professional

Course Content

Session 1 Inventory Introduction

  • Introduction

Session 2 Why hold Inventory?

Session 3 Functions of Inventory

Session 3a Inventory costs

Session 4 Inventory calculation example

Session 5 Inventory evaluation

Session 6 Inventory de-coupling

Session 7 Average Inventory

Session 8 Financial documents understanding

Session 9 Inventory control techniques

Session 10 ABC analysis,

Session 11 Risk management

Session 12 MRP

Session 13 BOM

Session 14 MRP Grid & algorithm

Session 15 Netting in MRP

Session 16 MRP Planner responsibilities

Session 17 Ordering methods

Session 18 Safety Stock

Session 19 Safety & service level

Session 20 Demand variance

Session 21 Safety stock with Demand & Supply uncertainties

Session 22 Safety stock(contd..)

Session 23 Inventory management policies

Session 24 Distribution Inventory

Session 25 Integrated planning

Session 26 Replenishment systems

Session 27 FIFO, LIFO MOQ

Session 28 Obsolete stock management

Session 29 JIT, Lean, TPS

Session 30 Drop Shipping

Session 31 D2C

Session 32 Q Commerce

Session 33 CPFR

Session 34 Inventory Tracking

Session 35 Enter the future

Session 36 Stock out Management

Session 37 Inventory policy

Session 38 Inventory Metrics

Session 39 Inventory Optimizations

Session 40 EOQ Inventory model

Session 41 EOQ model exercise

Session 42 Inventory modelling under uncertain demand

Session 43 Lost case working

Session 44 Inventory optimization exercise in excel

Session 45 Inventory optimization(contd..)

Session 46 ABC calculation

Session 47 FSN analysis

Session 48 Physical Inventory management

Session 49 Tolerances & Measures

Session 50 Approach to Inventory accuracy

Session 51 Phase1 Design & preparation

Session 52 Inventorying process

Session 53 Physical stock room

Session 55 Parts management

Session 56 Phase II Establishing initial balance

Session 57 Phase 3 Cycle counting

Session 58 Process control

Session 59 Causes of in-accurate Inventory records

Session 60 Process Control

Session 61 Process improvement

Session 62 Inventory management in lean environment

Session 63 Accountability

Session 64 EOQ Inventory Model Part A(Using Excel)

Session 65 EOQ Inventory model part B(using excel)

Session 66 Inventory modelling with uncertain demand Part A(using excel)

Session 67 Inventory Modelling with uncertain demand Part B(using excel)

Session 68 Inventory Optimization Part A (using excel)

Session 69 Inventory optimization Part B(using excel)

Session 70 ABC Analysis (using excel)

Session 71 FSN Analysis(using excel)

Student Ratings & Reviews

Total 6 Ratings
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10 months ago
I have learned a lot of things about sourcing in supply chain management. Why sourcing is so important to the supply chain and many more things will get to learn.
10 months ago
It`s a good opportunity to gain basic knowledge of the supply chain. Great Course. I learned a lot about supplier's classifications
10 months ago
This course is about the basic fundamentals of the supply chain and the importance of this industry. It gave an idea of how to measure companies supply chain efficiency
10 months ago
The course is very well structured, Trainer has explained each and every topics in easy way ,I love it
10 months ago
Over All Learning Experience was good .

Flexible learning experience depending on user convenient
10 months ago
Being an experienced person, I was thinking to enhanced my knowledge to current trend I spoke with Raman sir, he has guided me to take this program, am very much happy with what I have done, Thanks for Raman sir to guided me.
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