Inventory Planning & Stock Control هذه الدورة تدرس باللغة الإنجليزية

تفاصيل الدورة

Day 1
Introduction to inventory management 
· Objectives of inventory planning and stock control
· Reasons to hold inventory
· Inventory information system considerations
· Inventory push vs. pull systems
· Identifying inventory costs
· Customer service in inventory management
Description and classification of inventory
· Types of inventory
· The inventory ABC classification ranking model
· Uses of the ABC ranking
· Materials specifications and cataloguing
 
Day 2
Forecasting demand and lead time
· The inventory order cycle
· Dependent versus independent demand
· Factors affecting demand
· Factors impacting demand forecast accuracy
· Demand patterns
· Time series forecasting methods:
                > Seasonal demand
                > Moving average
                > Exponential smoothing
· Measuring the accuracy of the forecast
· Setting lead time and methods to control it
 
Day 3
Inventory systems
· Elements of inventory holding and ordering costs
· The Economic Order Quantity (EOQ) model
· Dealing with quantity discounts
· Objectives of safety stocks
· Setting safety stocks
· Determining the Reorder Point (ROP)
Counting and controlling inventory
· Importance of accurate inventory records
· Warehousing functions
· Causes of inaccurate inventory records
· Requirements for accurate inventory records
· Reporting record accuracy
· Periodic and cycle counting
 
Day 4
· Reducing inventory investment
· The importance of JIT or pull theory in inventory                 management to reduce total cost
· Identification of surplus
· Disposal options of excess inventory
· JIT methods
· JIT requirements
· JIT risks
· Measuring inventory management performance
· Importance of tracking the effectiveness of the inventory planning and control functions
· Reasons behind poor inventory management performance
· Setting inventory KPIs and targets
· Examples of KPIs used in the inventory planning and control functions
· Qualities of the inventory specialist تحديث بتاريخ 16 May, 2024