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. BASIC PRINCIPLES OF INVENTORY CONTROL

  1. Inventory in the Supply Chain
  2. Types of inventory and functions
  3. Warehouse Reliability
  4. Inventory costing methods
  5. Criteria for Warehouse Management
  6. Storage, Capacity, Packaging
  7. How to calculate Inventory Turnover
  8. . The 5s in the Warehouse

II. CREATING THE ABC

  1. Methodology of ABC with Pareto
  2. Making the ABC effective on the floor
  3. ABC Practice
  4. Indicators of coverage, turnover
  5. The use of indicators and ABC for optimal inventory

III. INVENTORY APPLICATION

  1. Warehouse Procedures
  2. Reception and Shipment
  3. Taking Stock: Total Inventory / Cyclical Counts
  4. Coding and location of articles

IV. INVENTORY CONTROL

  1. Types of Inventory Schemes
  2. Measure demand variability
  3. Management of MRP and Grid
  4. Setting Maximum Levels, Safety Stock
  5. Inventory Alerts, Point to Order (P.O)
  6. Continuous Inventory Improvement (Lean Warehouse)

V. SERVICE

  1. Principles of service
  2. Inventory service approach
  3. Types and indicators of Inventory service

BENEFITS

  • Develop inventory management skills.
  • Preserve the quality of inputs and products through the proper flow in the warehouse of the same.
  • Facilitate the inventory service approach to the customer.
  • Prepare the Warehouse as a logistics center that supports the competitiveness of the organization.

 

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