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INVENTORY MANAGEMENT Training
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ARE YOU EXPERIENCING ANY OF THESE CHALLENGES?
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Company cash tied up in finished
goods, raw materials or parts inventory? |
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Product that runs risk of becoming obsolete
if held in inventory too long? |
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Inventory (product, raw material or parts)
missing or unaccounted for in your operation? |
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Run out of inventory needed to fill a customer
order unexpectedly? |
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Times when your inventory management system
doesn't accurately reflect actual inventory? |
…If the answer is "Yes,"
then MMEC's Inventory Management
training may be what you need.
PREREQUISITE: None.
COURSE DESCRIPTION:
Inventory occurs when the cost of "not
having" inventory exceeds the cost of "having" inventory.
This course will help you clearly understand the various functions
of inventory (transit, decoupling, lot sizing, anticipatory, seasonal
and buffer), as well as the various forms of inventory (raw materials,
work in process, finished goods, etc.) and their role in a production
operation. Participants will learn about inventory management ratios
and how they are used to manage inventory levels for positive bottom
line impact. The costs associated with carrying inventory and its
impact on operating efficiency and bottomline profitability will
be pursued in detail. The course will explore tools and tactics
for effectively managing and reducing inventory within a manufacturing
operation.
LEARN HOW TO:
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Free up cash tied up in inventory. |
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Reduce waste that results from obsolete
or damaged inventory. |
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Manage inventory to meet customer demands
with minimal inventory. |
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Understand inventory management ratios as
a management tool. |
WHO SHOULD PARTICIPATE: Manufacturing/shop
floor management/supervisors
COURSE LENGTH & FORMAT:
4 Hours; classroom presentation, including
actual inventory management case studies, tools and tactics.
CLASS SIZE GUIDELINES:
Public Event: 10 minimum
Private Company Event: Variable (depending on internal demand)
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ADDITIONAL INFO
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MMEC Field Engineer
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Training Central
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