INNOVATE . DELIVER . INSPIRE 

1Malaysia Training Programme 

(Programme ID : 1003)

TITLE OF TRAINING PROGRAMME :

Material Planning & Inventory Performance

PROGRAMME OVERVIEW :

Inventory can be considered as being as important to an organization as blood is to the human body. If an organization is dealing with buying or manufacturing goods and sell them, obviously, the business need inventory to survive and gain competitiveness.

This program will highlight the importance of inventory in the total Supply Chain Management; at the same time explore the elements involved in inventory control systems, identifying costing techniques and replenishment systems. It is structured to equip the participants with an overall view of inventory and materials management thus stimulates more effective practices in the manufacturing industries.

TARGET GROUP :

All those whom directly or indirectly deal with inventory and materials management in their day-to-day operation; or those who wish to attain the knowledge and techniques, aiming to understand inventory management and overall operation.

CONTENTS :

DAY 1

Introduction & Ice Breaker Activity

·         Supply Chain Management (SCM)

·         About Materials Management

·         Overview of SCM

Inventory Operations (I) ~ Fundamentals

·         About Inventory

·         Various Types of Inventory

·         Inventory Coding System

·         Group Activity

Forecasting  (I)

·         About Forecasting

·         Forecasting Role in Planning Process

Forecasting (II)

·         The Forrester Effect

·         Lead Time Syndrome & Management

Inventory Operations (II) ~ Inventory Movements And Costing

·         Importance of Accurate Stock Recording

·         Identifying Costs

·         Financial Implications

·         Measuring and Valuation of Inventory

DAY 2

Recap Of Day 1 Training - Questions & Answers

Concepts and Strategies

·         Push and Pull System, JIT & Kanban

·         VMI, Consignment Program

·         DTL, POU, QAS

·         VR, VA & VE; BPR; Postponement

Inventory Planning ~ Systems and Techniques

·         Replenishment Systems

·         ABC Analysis

·         Perpetual Inventory

·         Group Activity

Inventory Models ~ Independent Demand

·         The EOQ models

·         ROL & Safety Stock Levels

Inventory Models ~ Dependent Demand

·         Essential Information

·         MPS, APP & MRP Structure

·         ERP Vs MRP

·         EPOS / EDI

Key Performance Indicator (KPI)

End Of Training Programme

LEARNING OUTCOMES :

With the knowledge and skills acquired by the end of this training programme, the participants will be able to understand and practise the following:

·  Optimise inventories and maximizing service levels with the right methodologies and strategies

·  Make better inventory decisions and reduce holding costs

·  Improve the inventory turnover and overall performance

·  Maintain good relationship with working colleagues as well as external parties

·  Improve quality work produced and increase productivity while minimizing errors

CERTIFICATION :

Certificate Of Attendance.

DURATION :

2 days.


Please call / email for more information.

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DYNAMIC RESOURCE TRAINING & CONSULTANCY

(PG0172755-D)

Tel: +6016-453 6279 / +604-642 0237 | Fax: +604-642 0237 | Email: dynamic.resource@gmail.com

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