Inventory Management
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- Course level: Expert
Description
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.
What Will I Learn?
- Master Inventory management
- Practical approaches
- With Excel templates & solution
- World's unique program from APICS certified experienced professional
Topics for this course
Session 1 Inventory Introduction
Introduction15:21
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
About the instructor
24 Courses
151 students
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.
It`s a good opportunity to gain basic knowledge of the supply chain. Great Course. I learned a lot about supplier's classifications
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
The course is very well structured, Trainer has explained each and every topics in easy way ,I love it
Over All Learning Experience was good .
Flexible learning experience depending on user convenient
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.
Material Includes
- Videos
- Excel template & solutions
Requirements
- Basic understanding Supply chain concepts
Tags
Target Audience
- Supply chain, Warehouse, Materials, Sourcing, Logistics Professionals
- Entry to senior levels