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7 - MSE - Maintenance, Scheduling, Planning


MSE 110 - Inventory Management

Code Start Date Duration Venue Fees
MSE 110 10 November 2019 5 Days Istanbul $ 2950 Registration Form Link
MSE 110 01 December 2019 5 Days Istanbul $ 2950 Registration Form Link
MSE 110 12 January 2020 5 Days Istanbul $ 2950 Registration Form Link
MSE 110 09 February 2020 5 Days Istanbul $ 2950 Registration Form Link
MSE 110 08 March 2020 5 Days Istanbul $ 2950 Registration Form Link
MSE 110 05 April 2020 5 Days Istanbul $ 2950 Registration Form Link
MSE 110 31 May 2020 5 Days Istanbul $ 2950 Registration Form Link
MSE 110 28 June 2020 5 Days Istanbul $ 2950 Registration Form Link
MSE 110 19 July 2020 5 Days Istanbul $ 2950 Registration Form Link
MSE 110 23 August 2020 5 Days Istanbul $ 2950 Registration Form Link
MSE 110 20 September 2020 5 Days Istanbul $ 2950 Registration Form Link
MSE 110 18 October 2020 5 Days Istanbul $ 2950 Registration Form Link
MSE 110 15 November 2020 5 Days Istanbul $ 2950 Registration Form Link
MSE 110 13 December 2020 5 Days Istanbul $ 2950 Registration Form Link
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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

  • Becoming truly responsive to your customers’ real needs
  • Reducing your cost of inventory obsolescence
  • Making your scheduling and shop loading more efficient
  • Narrowing the gap between sales and stock replacement
  • Fine-tuning your record-keeping accuracy for better inventory management
  • Determining 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

Course Details/Schedule

Day 1

  • Inventory Mgt., SCM and Purchasing Mgt.
  • Inventory Mgt. as a part of SCM
  • Supply Chain Management 
  • Inventory Mgt. & Warehouse Mgt.
  • Inventory Types
  • Why keep inventory?
  • Inventory & Investment Risks
  • Inventory Management Cycle 
  • Materials Flow

Day 2

  • Planning
  • Inventory Control as Competitive advantage
  • Inventory Classification
  • Investment Efficiency Criteria in Inventory Mgt.
  • Improving Inventory Mgt. Efficiency & Effectiveness
  • Overstock
  • 20/80
  • Warehouses
  • Warehouse Operations (Inventory)

Day 3

  • Data in Warehouse
  • Warehouse / Receiving Items
  • Cross Docking
  • Issuing materials
  • Inventory Costs (warehousing)
  • Forecasting 
  • Inventory Calculations (Demand Mgt.)
  • EOQ (stock levels – lead time – total elapsed time)
  • ROP
  • LSWR

Day 4

  • Inventory Mgt. Accuracy
  • Stocking and Re-Stocking
  • Inventory Solutions
  • Inaccuracy Reasons
  • Purchasing Methods
  • Price Agreements
  • JIT
  • How we order?
  • KPI’s
  • Inventory Check
  • Inventory Lifecycle

Day 5

  • Coding
  • Standardization
  • Commodities
  • MESC
  • Inventory Mgt. Audit
  • Inventory Mgt. Reports