Location

Community Services & Continuing Education - Cairo

Objectives

• the types of inventory, and the need for reorder points, safety stock, and economic order quantities.State the manner in which inventory can be incorporated into a company’s competitive strategy, and the situations in which certain strategies should be employed.Identify the policies that should be used to control inventory, and the situations in which they should be used.State the types of forecasting variations that can be used, how forecasts can be incorrect, and what can be done to mitigate these effects.State the various costs related to suppliers, how a spend management system can be created, and the issues related to volume purchase discounts.Cite the receiving techniques that can be used to minimize inventory damage, organize incoming deliveries, create cross docking transactions, and similar issues.State the types of equipment used in putaway and picking transactions, as well as their advantages and disadvantages.Identify the componentsProduction management also deals with

Outcomes

Lower inventoriesLower costHigher productivityGrater agility (quickness)shorter lead timeHigher profitGrater customer loyalty.

Course Contents

Chapter 1. The Nature of Inventory Chapter 2. Inventory 3. Inventory Policies Chapter 4. Materials Planning and Forecasting Chapter 5. Purchasing Activities Chapter 6. Inventory Receiving Chapter 7. Putaways and Picking Chapter 8. Impact of Production on Inventory Chapter 9. Inventory Shipping Chapter 10. Obsolete Inventory Chapter 11. Product Development Chapter 12. Inventory Record Accuracy Chapter 13. Inventory Counting and Reconciliation Chapter 14. The Supply Chain Chapter 15. Warehousing Efficiencies Chapter 16. Warehouse Storage Systems Chapter 17. The Warehouse Layout Chapter 18. Inventory MeasurementsProduction management – Monitoring and managing the manufacturing of products. Operations management – The services which are on offer to the customer and the work that needs to be done to finish the production. So, when trying to achieve production and operations management, you’ll need to make decisions at three different stages: Production planning Producti