Course Details/Schedule

Day 1

• Inventory management classification systems 
• Accumulating inventory costs
• Inventory metrics related to operating efficiency, financial effectiveness, and customer service.
• Inventory order constraints 
• Lean production principles 

Day 2

• Safety stock in inventory management 
• Risk pooling strategy 
• Lot size techniques 
• Order point and periodic review techniques used to time orders
• Periodic inventory counting and cycle counting
• Approaches to storage layout.
• The technology used to track inventory

Day 3

• Material requirements planning process
• Manufacturing environment conditions 
• The inputs into MRP process 
• Where-used and pegging reports in the MRP process
• Phantom bill of materials.
• Planning factors 
• Item numbering system
• MRP outputs 
• Bucket and bucketless MRP systems
• Regeneration and net change approaches 
• Metrics of evaluation material planning performance

Day 4

• Capacity planning
• Basic process used in capacity requirements planning (CRP)
• Steps used in CRP
• The feedback loop between CRP and master scheduling and execution and control of operations.
• The load inputs into CRP
• Rated capacity and demonstrated capacity calculation
• Efficiency and utilization factors calculation
• The role of safety capacity in CRP
• The load is calculated
• Capacity simulation tools
• Tactics for resolving imbalances between load and capacity

Day 5

• Planning procurement and external sources of supply
• Sourcing strategy
• Selecting suppliers
• Collaborative relationships with suppliers 
• The impact of sustainable procurement on purchasing practices
• Aspects of item specifications needed for purchasing
• Tracking purchasing process from requisition to invoice approval
• Contract types between supply chain partners 
• Purchase order 
• Blanket order
• Characteristics of effective supplier evaluation systems