Our Approach: 

 Interactive learning

 Practical examples

 Case studies           

 ENJOYABLE!

Date:

(TBD)

Venue & Fees:

5-Star Hotel

KD ----- Per Participant

Who Should Attend?

This course is especially useful for logistics, production and inventory managers and supervisors. The course requires only active participation and interaction on the part of participants with the facilitator.

Inventory and Material Management

The objective of this course is to provide participants with technical knowledge and practical training on inventory and materials management methods to increase profitability and improve customer service. By applying the principles presented in this course, participants will be able to reduce costs and introduce more effective operations to the organization.

Participants will try out techniques in case studies. They will have opportunities to discuss the concepts in the context of their own company operations, see how the techniques can be interpreted in the operating systems of their own company and identify how their effectiveness can be enhanced.

 Course Highlights:

• Inventory System Development 

• Objectives and Policy Development 

•  Relationship to other Business Functions 

• Integration with other Production Control Activities 

• Customer Service 

• Order Points and Safety Stock

• Inventory Cost Development

• Using Spreadsheets to Manage Inventory

• The principles of Just in Time (JIT) 

• Just in Time Inventory Management

• Demand Forecasting and Inventory Control

• Capacity Planning 

• Material Requirements Planning (MRP) 

• Formulas and Numerical Operations Involved in Inventory Management

• Lot Size Inventory Models 

• Independent/Dependent Demand Inventory Systems 

• Improved Inventory Record Accuracy

• The Theory of Constraints and Computer Simulations

• Buffer Management

• Computer Applications in Inventory Management

• Integrated Inventory Management