Course Description

These inventory management techniques will improve your inventory turnover ratio and transform frozen assets into cash. Cutting-edge inventory management techniques deliver results that go far beyond initial expectations. Explore the latest inventory management methods for saving money, satisfying customers and speeding up the flow of inventory. Learn how to take days—not hours—out of the manufacturing and distribution cycle. Discover how to apply today’s most exciting production techniques.

Course Objectives

·          Become truly responsive to your customers’ real needs

·         Reduce your cost of inventory obsolescence

·         Make your scheduling and shop loading more efficient

·         Narrow the gap between sales and stock replacement

·         Fine-tune your record-keeping accuracy for better inventory management

·         Determine your exact material status and inventory dollar burden

Who Should Attend?

·         Purchasing, manufacturing and production control managers

·         Industrial engineers

·         Factory superintendents

·         Customer/technical service managers

·         Who can benefit from enhancing their inventory management techniques

Program Schedule

DAY 1

·         The strategic role of inventory management techniques

·         Establish the optimal inventory level

·         Inventory planning 

DAY 2

·         Inventory replenishment

·         Distribution center 

·         warehousing operations

DAY 3

·         Inventory accuracy 

·         Inventory audits

·         Inventory management

DAY 4

·         Inventory measurement 

·         Inventory reporting

·         Inventory forecasting

DAY 5

·         demand management

·         Lead-time analysis 

·         TIime reduction