Efficiency in Materials Management and Inventory Planning

Introduction :

This course is introduced to you by the International Academy of Human Resources Development (IAHRD). Our courses are specially designed to meet your needs, explained to you by experts with a long experience in the field.

Setting the appropriate objectives and standards in materials management and inventory planning is essential for achieving profitable outcomes as well as protecting the reputation of the firm. . This training has been designed to cover the most important aspects of inventory and materials management planning.This intensive course is for those who want to understand and implement the essential tools for planning of material and controlling inventory in the supply chain.

Objectives :

After attending this course,participants will :

1. Understand what do we really mean by supply chains.
2. Expand their knowledge in the history of material planning.
3. Determine optimal quantity and perfect timing of inventory.
4. Manage suppliers performance based on clear standards.
5. Build healthy and long-lasting relationships with suppliers.
6. Apply excellent practices in inventory planning and materials management.

Content:

Module 1:

1. What do we mean by supply chains?
2. The supply chain definitions, history and key aspects.
3. Overview and evolution of material planning.

Module 2:

1. Determining the optimal quantity needed.
2. The perfect timing of inventory.
3. Analyzing demand and when to order.

Module 3:

1. Economic Order Quantity method.
2. Continuous Order Model.
3. Periodic System Model.

Module 4:

1. Inventory costs and service.
2. Managing supplier contract and performance.
3. Forecasting and its relationship with stock control.
4. Stock coding.
5. Stock recording.

Module 5:

1. Conducting benchmarking operations.
2. Warehouse planning and systems.
3. Periodic inventory review.

Module 6:

1. Excellent inventory management practices.
2. Managing people, resources, and health and safety.
3.  
4. Case study.

Who Should Attend?

1. Inventory professionals.
2. Stock and supply chain professionals.
3. Logistics managers.
4. Warehouse and distribution professionals.
5. Supervisors and owners.
6. Directors of companies who hold stocks.
7. Interested candidates.