INVENTORY MANAGEMENT

The world of business continues to change rapidly and dramatically.  No longer will we see the stability of the past; reorganization is fast becoming standard.  Business organizations have to reinvent and reorganize themselves continually in order to meet demands of the global marketplace.

This course challenges you to upgrade your existing skills in inventory management.

Objectives:

1. To discuss inventory management policies and objectives
2. To provide inventory management tools and techniques
3. To review financial analysis of inventory management

Module I: Inventory Objectives and Policies

* What is Inventory Management?
* Handling Conflicting Objectives
* Inventory Categories
* Types of Inventories
 

Module II: Independent Demand Inventory Systems

* Inventory Information Systems
* Independent Demand Models
* Environments and Their Effects on Inventory Management
* Order Cycles and Lead Times
 

Module III: Inventory Management Tools and Techniques

* Forecasting and Determining Inventory Levels
* Essential Calculations (EOQ)
* The 80/20 Rule (ABC Analysis)
* Determining Other Costs
* Lot Size and Safety Stock
 

Module IV: Inventory Management and Financial Analysis

* Financial Control of Inventory
* Balance Sheet Basics
* Income Statement Basics
* The Basic Manufacturing Equation
* Key Financial Ratios
* Identifying Suppliers with Potential Cash-Flow Problems
* Costed Bill of Materials
* Allocation of Factory Overhead and Activity-Based Costing
 

Module V Physical Controls: The Warehouse Environment

* Objectives of Warehousing
* Picking, Packing, and Shipping
* Costs of Warehousing
* Setting Up a Warehouse System
 

Module VI Distribution Inventory Planning and Control (Logistics)

* Delivering Products
* Types of Distribution Systems
* Forecasting Stockkeeping Units (SKU) Requirement
* Integrating Distribution and Manufacturing Systems
* Just-in-Time (JIT) in a Distribution Environment
 

Enroll Now!

GLOBALKNOWLEDGE PHILIPPINES, INC.

2502B West Tower , PSE Bldg. Exchange Road , Ortigas Center , Pasig City, Philippines

Tel. Nos. (632) 6830969 / 6373657

Email: ronald.globalknowledge@gmail.com, 

URL: www.gkphilippines.com