Our Products: 03 eLearning Programmes
 Module:
Inventory Management
Duration: 10 Hours
License: 12 Month
Objectives:
LeanSCM presents a new online training
module on Inventory Management that provides a valuable
insight into the way in which Inventory is used by your
business. This 8-step module explains the purpose of Inventory
and the steps necessary to undertake a complete assessment
of your Inventory Management Policies & Processes
and to help identify areas for Improvement.
This 8-hour Module provides you with the opportunity to
review present activities against best-in-class and looks
at the opportunities for reducing Inventory in the Supply
Chain through a number of techniques such as "Postponement"
& "Quick Response Logistics" and addresses
how other functions of an Organization may impact the
level of Inventory held in stock. The programme then looks
at developing and implementing improvement plans and setting
up the measurement & control metrics to provide the
necessary business signals to drive the correct behaviors
within the organization on Inventory Management.
Target Audience:
- Individuals working in the supply chain and who
wish to broaden or consolidate their knowledge base
- Individuals pursuing academic qualifications or
wishing to advance their career in supply chain management
- Corporations wishing to optimize their global inventory
management processes through educating their staff
in best-in class practices
Module Outline:
Module
1 - Understanding the Real Need for Inventory:
Purpose of Inventory & Inventory
Drivers
Measuring the Real Performance of Customer Service
Establish the 2 Key aspects of Inventory Costs
Cost of Holding Inventory
Cost of Shortages
Module
2 - Identifying Current Inventory Policies and Performance:
Reviewing Current Inventory Policies
Reviewing Current Inventory Related Procedures &
Processes
Review of Key Performance Indicators
Module 3 - Identifying the Root-Causes for Excess Inventory
/ Inventory Drivers:
Best Techniques for Analysis of
Inventory Issues
Inhibitors to Inventory Optimization
Impact of Inventory on Cash flow cycle
Module
4 - Reviewing Operational Planning & Control Processes:
Warehouse Effectiveness & Inventory Control
Data Integrity & Transmission Practices
Forecasting, Planning & Scheduling Practices
MRP Management & JIT Practices
Replenishment Methods
Module
5 - Developing Opportunities for Lean Inventory Management:
Engineering - New Products
Manufacturing Practices
Distribution Practices
Module
6 - Identifying Best Practices in Inventory Management:
Benchmarking
Best In Class Criteria
Developments in Communications
Module
7 - Developing & Implementing Improvement Plans:
Developing Improvement Plans
Plan Steps to Setting up Product Supply Agreements
Plan Steps to Reduce Inventory
Plan Steps to Improve Inventory Accuracy
Team Selection Project Development
Module
8 - Setting Up Measurement & Control Methods:
How and What to Measure for Key Performance Measurements (KPI's)
Establishing Service Level Agreements
Use of Balanced Scorecards
Use of Daily Dashboards
More eLearning Programmes:
Successful Supply Chain Management
ensures that an organization is efficient, effective
and retains competitive advantage. After completing
this 4 Unit Programme... 
Purchasing is integral to all supply
chains whether the organization is a manufacturing or
service organization. After completing this 4 Unit
Programme...
LeanSCM has recently completed
a new addition to their eLearning courseware in Supply
Chain Management that specifically focuses on the area
of Strategic Sourcing...
LeanSCM presents a new
on line training programme in Operational Planning &
Control that provides valuable insight into the way
in which operational planning is used...
Our ISO 9001:2000 e-learning programme
contains two self-contained courses: Employee Orientation
& ISO 9001:2000 Requirements... |
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