Axsens BTE

FORMATION INVENTORY MANAGEMENT & SUPPLY CHAIN

Inventory management includes a strategic aspect to meet market requirements in terms of lead times and an operational aspect to define management methods and settings. The two go hand in hand. This training provides a complete understanding of the inventory management issue, in order to adapt it to the context of each company.
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Duration : 1 day
Inter Price : 995€ excl.tax/person
Intra Price : Contact us for more information

Objectives

Allow attendees to better understand the challenges and best practices of a stock policy, to master the tools of its deployment.
How to define a stock policy to improve reliability and reduce lead times, stabilize production schedules
Acquire the theoretical basis necessary to understand inventory management, identify supply management functions and processes
Determine the management parameters to be used in the different stock cases

In the program

Module 1 : the challenges

  • Improve service rate and reduce costs (real inventory costs)
  • Indicators

Module 2 : Management parameters

  • Possession costs and economic quantity: the limits of Wilson’s formula

Module 3 : Sizing secure stocks

  • Le rôle des stocks sécurités
  • Calculation tools

Module 4 : Replenishment techniques

  • Control point, Fixed frequency, Mini-maximum
  • Net Requirements Calculation (NRM)

 

Module 5 : Inventory analysis tools

  • The different ABC analyses (pareto) and good practices for cross analyses

Module 6 : Establishing a stock policy

  • Stock policy: a strategic role to improve the service rate, reduce variability, improve lead times

Module 7 : Handling of special cases

Module 8 : Inventory management in planning

  • Tools to manage stocks: DD MRP, pull flow system (Kanban)
  • The role of functions in inventory management: procurement, purchasing, warehouse workers

 

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“Let’s stop and try to get to the root of our problem.” Craig Larman.