Description
SUITABLE FOR:
Those involved in, or responsible for managing materials, stores, warehouses or in stock control operations in large or small/ medium size organisations. It will also benefit to those involved in other aspects of the supply chain enabling them to broaden their knowledge and enhance career potential.
OBJECTIVES:
By the end of the course delegates will have:
- Been introduced to and examined concepts and practices involved in the management of materials and control of stocks
- Discussed the process involved in managing materials
- Analysed concepts of stock control
- Examine methods of storing and controlling stock
- Developed views and perception in respect of improving the management of materials
- Considered issues concerning the management of resources
SUMMARY:
Day One
- Introduction, Aims and Objectives Processes, outcomes, etc.
- Concepts of Materials Management
- Concepts of Stock Control
- Approaches and philosophies
- Example of Best Practice
- Case Study
- Exercise
Day Two
- What is planning and control
- Practice of Stock Control, Types of stock
- EOQ, Buffer Stock, ABC System, EBQ, Re-order levels, Cycle Stock, Pipeline Stock
- Material Classification and Coding
- Storage Systems Design
- Case Study
- Inventory costs
Day Three
- Methods of planning and control
- MRP (Materials Requirements Planning)
- JIT (Just-In-Time)
- Controlling the operation (Push and Pull Control)
- Valuation of Stock
- Methods of Stock Valuation
- LIFO (Last-In-First-Out)
- FIFO (First-In-First-Out)
- Weighted Average
- TQM
Day Four
- Human Aspect
- Motivation and management of people
- Leadership and leadership styles
- Team working / Belbin’s Team Roles
- Training and developing personnel
- Exercise
Day Five
- Benchmarking
- Types of Benchmarking
- Approaches to Improvement
- Health and Safety
