Stocking Management and Inventory Control

Training: Procurement, logistics and supplying Program Length: 08 hours

THIS COURSE IS MEANT FOR

Leaders, supervisors, coordinator, analytics, personal in purchasing department, logistics, manufacturing services, and people that are having training in this level.

OBJECTIVE

Determining the necessary inventory level to comply with a customer service standard.
Applying better practices in the inventory management in order to minimize costs and comply with the service norm established in the company’s policies.
Coordinating with other operative areas in order to minimize costs.
Analyzing an inventory management program and determining improvement points and opportunity areas.
Concentrating in greater impact articles by managing the inventory effectively.

TOPICS

I. INVENTORY CONTROL BASICS

A. Supply Chain Inventory

B. Types of Inventory and Functions

C. Materials Management

D. Inventory Costing Methods (Average PEPS)

E. Distribution inside Stock

F. Stock Management: Capacity and Packaging

G. How to circulate Inventories’ Turnover?

II. CREATING THE ABC

A. ABC Methodology with Pareto

B. ABC Considerations

C. ABC Practices

D. Coverage and Turnover Indexes

E. Indexes and ABC Usage for Optimal Inventory

III. INVENTORY APPLICATION

A. Stock Procedure

B. Inventory Taking: Total Inventory/ Cyclic Computing

C. Articles Coding and Localization

D. Inventory Issues Root Causes

IV. INVENTORY CONTROL

A. Inventory Control Role

B. Inventories’ Scheme

C. Reorder Point System

D. Variability Measures

E. Setting the Maximum Level, Reorder and SS

F. Trigger Management and Inventory Alerts

G. Inventory Continuing Improvement Circle

V. SERVICE

A. Service Principles

B. Inventory Service Focus

C. Types of Inventory Service Index

BENEFITS

Development of skills to the control and management of inventories.
Improving the quality supplies and products according to the right flow in their warehouse.
Provide the inventory focus services.