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Inventory management has both a strategic aspect, to meet market requirements in terms of lead times, and an operational aspect, which involves defining management methods and settings. One cannot exist without the other. This course provides a comprehensive overview of inventory management issues, adapted to the specific context of each company.
Objectives
Enable participants to better understand the challenges and best practices of an inventory policy, and to master the tools for its deployment.
How to define an inventory policy to make lead times more reliable and shorter, and to stabilize production schedules
Acquire the theoretical bases needed to understand inventory management, and identify the functions and processes involved in supply management
Determine the management parameters to be used in the various inventory cases.
Reviews
Validation of knowledge: MCQ Assessment of satisfaction
MODULE 1: THE CHALLENGES
- Improve service levels and reduce costs (real inventory costs)
- Indicators
MODULE 2: MANAGEMENT PARAMETERS
- Cost of ownership and economic quantity: the limits of Wilson's formula
MODULE 3: DIMENSIONING SAFETY STOCKS
- The role of safety stocks
- Calculation tools
MODULE 4: REPLENISHMENT TECHNIQUES
- Control point, Fixed frequency, Mini-maxi
- Calculation of net requirements (CBN)
MODULE 5: INVENTORY ANALYSIS TOOLS
- The various ABC analyses (pareto) and best practices for cross-analysis
MODULE 6: ESTABLISHING AN INVENTORY POLICY
- Inventory policy: a strategic role in improving service levels, reducing variability and improving lead times
MODULE 7: HANDLING SPECIAL CASES
MODULE 8: INVENTORY MANAGEMENT IN PLANNING
- Inventory management tools: DD MRP, pull flow system (kanban)
- The role of inventory management functions: procurement, purchasing, warehousing
