Inventory Management Training

Business Management Training: Inventory Management in the Supply & Demand Chains - MalaysiaTraining.net, Malaysia Training Courses Inventory Management Training
By Knowledge Hub Asia
PSMB HRDF Claimable
Course Title:
Inventory Management in the Supply & Demand Chains
Training Category:
Business Management
Target Audience:
Planning and Production, Procurement and Purchasing, Supplying and Receiving, Shipping and Logistics, Finance and Costing.
Duration:
2 days
Public Program* Now Available! »
Jun 2017 ›
Venue:
MITIN Taman Desa Center, Kuala Lumpur, Malaysia
Schedule:
Mon 19 Jun 2017 - Tue 20 Jun 2017
9:00AM - 5:00PM

Fee Per Person:
RM1,750.00
(Fee Inclusive GST)
Promotions:
  • Please call for Discounts & Promotions.
Register Now!

* Other terms & conditions apply.
Dec 2017 ›
Venue:
Crystal Crown Hotel, Petaling Jaya, Malaysia
Schedule:
Mon 18 Dec 2017 - Tue 19 Dec 2017
9:00AM - 5:00PM

Fee Per Person:
RM1,750.00
(Fee Inclusive GST)
Promotions:
  • Please call for Discounts & Promotions.
Register Now!

* Other terms & conditions apply.
For In-house Training »
Request for Quotation Request for Quotation
For Customization & Other Inquiries »
Contact Knowledge Hub Asia
Contact customer service +6012-266-2728
Email customer service [email protected]
Delivery Methods
  • Language: English, Bahasa Malaysia
  • PowerPoint Presentation
  • Workshop
  • Group Discussion
  • Presentation Handouts
  • Reading Materials
  • Lecture
  • Case Studies
  • Certificate of Participation
*Terms & Conditions

Purchasing & Logistic:
Inventory Management in the Supply & Demand Chains

Introduction

The relation between Principles of Inventory Management and a firm’s Risk Pooling Strategy.

The importance and scope of the Concept of Inventory Flow in a firm’s supply chain strategy.

The identification of effective Inventory Reduction Practices in a firm’s inventory level strategy.

Course Objectives

  • Explaining the Material Flow Process and related transformation factors.
  • Understanding the principles of Inventory Cost Structures and related selective control measures.
  • Executing the Integration of Inventory Positioning and the network designing model.

Course Outline

D A Y  1

  • Focusing inventory level as a function of time. Understanding raw-material inventory, work-in-process inventory, finished-product inventory, single- stage inventory, initial-stage inventory and centralized-decentralized inventory.
  • Conceptualizing the risk pooling principle on demand variability. The critical points of safety stock and average inventory. The behaviourial aspects of aggregating demand across products and across time.
  • Inventory flow as an idle resource of any kind having an economic value. Inventory in a stock of material facilitating production or satisfying customer demands.

D A Y  2

  • Primary purpose of inventory of uncoupling the various phases of operations. Within the uncoupling processes giving rise to the critical level of carrying inventory.
  • The scope of inventory cost conceptuals in item cost, ordering cost, carrying cost and stockout cost. The components of cost of capital, cost of storage, costs of obsolescence and lost
  • The seven inventory reduction strategies of performing periodic review, management of usage rates, focusing lead-time reduction, enhancing cycle counts, shifting of inventory ownership, adherence of quantitative approach and application of the ABC Analysis.

Methodology

Lecturing and slide presentation, group assignment and interaction, case appreciation and emulation.

For In-house Training:

Request for Quotation

Request for Quotation Now

For Content Customization & Other Inquiries:

Contact Knowledge Hub Asia

Contact Customer Service

+6012-266-2728

Email Customer Service [email protected]

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