TRAINING CATEGORIES
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17 - MSE - Maintenance, Scheduling, Planning


MSE 110 - Inventory Management

Code Start Date Duration Venue
MSE 110 26 February 2024 5 Days Istanbul Registration Form Link
MSE 110 25 March 2024 5 Days Istanbul Registration Form Link
MSE 110 22 April 2024 5 Days Istanbul Registration Form Link
MSE 110 20 May 2024 5 Days Istanbul Registration Form Link
MSE 110 03 June 2024 5 Days Istanbul Registration Form Link
MSE 110 15 July 2024 5 Days Istanbul Registration Form Link
MSE 110 12 August 2024 5 Days Istanbul Registration Form Link
MSE 110 09 September 2024 5 Days Istanbul Registration Form Link
MSE 110 07 October 2024 5 Days Istanbul Registration Form Link
MSE 110 04 November 2024 5 Days Istanbul Registration Form Link
MSE 110 30 December 2024 5 Days Istanbul Registration Form Link
Please contact us for fees

 

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