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| Best Practice
Inventory Management |
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Theme
Inventory is very common concern and
many of us find out that ad-hoc
restriction on buying does not work out
for long. The random service pressures
again force inventory levels upwards
quite unpredictably. Just-in-time (JIT)
is easier said than done. It requires
fundamental structural changes in
manufacturing policy framework. To make
such changes organizations would require
immense managerial time and monetary
investment. Also, it may not be
advisable to adopt any one form of
inventory system for overall
effectiveness. Practically, there is no
substitute for majority of the
organizations to have a judicious mix of
various policies and methods of stock
management.
The supply chain wide coverage of the
program is deliberate, because materials
managers handling inbound logistics can
gain from distributions experience and
those handling distribution may benefit
from knowledge of inbound logistics.
Best examples of success in inventory
(and service management) demonstrate the
truth in the above argument. The program
introduces the participants to the nuts
and bolts of the best practice to help
them start on the road to better
inventory and service in their areas of
interest.
It is highly recommend that the
participants take in the “total supply
chain” perspective for their own benefit
to understand the inventory and service
concerns along the supply chains.
Consultraining advantage – the program
format is directed towards participating
group’s specific problems and queries
submitted to the faculty in advance. The
expert faculty would appropriately help
participants link them to the techniques
and cases being discussed in sessions as
well as address them in extensive
question and answer sessions.
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Program
Schedule: Day 1: 9-00AM to
5-15PM+ |
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Introduction
Introduction and listing of
participants inventory problems
for discussion in subsequent
portion of the program
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The
concepts – the foundation
Dynamics of inventory and
service – cost of inventory -
best practices of service
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Understanding
service
Inventory management is
service management
The variety of service
requirements and service models
– practical perspective –
defining service requirements –
measurement of service
requirement and satisfaction
threshold of customers
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Exercise
– identifying service
requirements of four practical
cases – work out, discussions
and solutions |
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Forecasting
- Fact and fiction
Methods of forecasting – the
scientific foundation –
practical perspective – market
intelligence – the safest
strategy – barriers to fast
response
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Q & A
Discussions on specific queries
raised by participants
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Program
Schedule: Day 2: 9-00AM to 5-15
PM+ |
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Operations
perspective
Pushing the limits of
economies of scales
Best practice manufacturing for
different industries and
products – FMCG, OEM, Job shop,
ancillaries, continuous process,
infra structure – technology and
information technology Case: A
comprehensive story of an
engineering company attaining
international competitiveness
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Distributing finished goods
The characteristics of the
independent demand – customer
satisfaction vs. costs -
complexities of variety – best
practices in different
industries and products –
applications of technology and
IT. Three cases of how customer
service was improved while
inventories were reduced |
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Inbound
production materials
Uninterrupted supply with
lean stocks
Best practices to manage stocks
through suppliers, stocking
policy and information
management – how suppliers can
cut costs without cutting their
profits – IT perspective -
control of WIP, Three cases of
how inbound materials were
streamlined to improve
availability and service. |
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Engineering
spares and stores
Overcoming the uncertainty
Two perspectives – the after
sales service and maintenance
management – the best practices
of planning after sales service
– best practice maintenance and
spare parts planning –
determining criticality in
objective term – cost mapping.
Two cases of potential of
improving service and reducing
inventory at the same time. |
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Q & A
Discussions on specific queries
raised by participants |
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Supply Chain
Management for Top Managers |
Supply Chain
Management – Concepts and Application
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Best Practice
Inventory Management |
Toolkit of a
Purchasing Executive |
Materials
Management - In Senior Manager's
Perspective |
Cost Management in
Supply Chain – techniques & strategies
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Essentials of
Modern Storekeeping Management | Technology
Management – the basics workshop |
Scientific Spare
Parts Management for maintenance |
Science & Art of
Negotiations for Industrial Buyers &
Sellers |
Competent
Industrial Purchasing - How to build and
run the
purchasing function |
Calculated Price
Negotiations |
International
Logistics for Import and Export |
Basics of Law and
Indirect Taxes
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E-mail -
info@bestbizsys.com | Telephone
- 022 2876 4826 | Address - A - 708, 7th
Floor, Zaitoon Apartments, Station Rd.,
Goregaon – (W), Mumbai - 400062 |
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