Inventory & stock Management principals

Course details

The course covers the basic principles and techniques applicable in the practice of Production and

Inventory Management.

It is suitable for those working in the field who want to obtain or update their professional knowledge, those entering this field or working in a related field such as Purchasing, Accounting, Marketing or Engineering.

Expected Accomplishments

• The primary aim of this program is to equip the learner with the knowledge and skills necessary to be able to perform in one of the many disciplines associated with production and inventory management such as planning, inventory control, warehouse management, materials planning, and quality control.
• A further aim of the program is to provide learners who are specializing in one area of production and inventory management with on insight into the many disciplines they come into contact with on a day-to-day basis - including suppliers and customers.

Course Outline

• Objectives and Definitions
• Forecasting
• Inventory Fundamentals
• Inventory Control Practice
• Order Quantities
• Physical Inventory, Warehouse management, and physical distribution
• Production Planning
• Master production scheduling
• Introduction to Materials requirements planning (MRP)
• Material Requirements Planning Details
• Capacity Management
• Purchasing and materials management
• Capacity Planning, Scheduling and loading
• Production Activity Control
• Just-in-Time
• Total Quality

Who can benefit

• Production Planners
• Production Managers
• Operations Managers
• Any person who requires detailed information on the features and functions of this subject

mode

• Lectures, tutorial exercises, animations using computer based learning programs.

Prerequisites

• None