Inventory Management Workshop
As of Friday, November 17, 2017

This courseware provides participants with a comprehensive overview of inventory control. Each of these modules can be presented/facilitated in a four-hour period and is ideal for company seminars and workshops with continuous improvement as a goal.

1) Basics of Inventory Management
This workshop provides a broad overview of basic concepts and good inventory management strategies.

2) Cycle Counting
In this workshop participants will learn how to implement or improve a cycle counting program and the real purpose of cycle counting .......... finding and fixing the causes of errors.

3) Distribution Inventory Management
This workshop focuses on the distribution network model and its objectives, activities, and distribution inventory management decisions and includes interactive exercises to present the fundamental concepts associated with the distribution environment.

4) Material Requirements Planning and Bills of Material
This workshop examines how to effectively use a materials requirements planning (MRP) system. Participants will develop an understanding of how bills of material are structured and how MRP calculates requirements.

5) Physical Inventory
This workshop will discuss what works and what doesn’t to create the best physical inventories, which steps to perform in advance, and how to keep physical inventory under control.


Contact vp.education@apics-chicago.org . or 1-800-982-7427 for more information.
 

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Basics of Inventory Management

Objectives
After this course you should be able to:
• Provide a basic description of the functions of inventory management
• Define various methods of inventory management
• Discuss real world applications of inventory management

Workshop Topics
• Provide a basic description of the functions of inventory management
• Define various methods of inventory management
• Inventory Management Systems
• Costs Associated with Inventory Systems
• Quantitative Methods of Inventory Management
• Material Requirements Planning

Cycle Counting

Workshop Objectives
After this course you should be able to:
• List the true purpose of cycle counting
• Perform an ABC analysis of your inventory
• List at least five benefits of cycle counting
• Correctly define a “control group” and its use
• List at least six common causes for inventory errors

Workshop Topics
• What Is Cycle Counting?
• Benefits of Cycle Counting
• Requirements
• Deciding What to Count and When
• Reconciling Differences
• Reporting Results
• Performance Check

Distribution Inventory Management

Workshop Objectives
After this course you should be able to:
• Describe the distribution model
• Identify the strategic planning issues
• List the operational activities
• Execute effective inventory management
• Implement JIT/lean practices
• Perform ROP, DRP, and qualitative factor calculations

Workshop Topics
• The Distribution Network Model
• Objectives of Distribution
• Distribution Activities
• Replenishment Methods
• Just-in-Time/Lean Trends

Material Requirements Planning and Bills of Materials

Workshop Objectives
After this course you should be able to:
• Build bills of material that accurately define a product
• Describe the use of planning bills such as common parts bills and modular bills
• Perform an MRP explosion
• Use MRP-generated action messages.


Workshop Topics
• What Is MRP?
• Benefits of Using MRP
• Requirements for MRP to Work
• Bills of Material
• Planning Factors
• Assumptions We Make
• MRP Process

Physical Inventory

Workshop Objectives
After this course you should be able to:
• List areas that require preparation
• List preparations for those areas
• Define criteria for control of inventory tags
• Properly prepare counters
• Properly reconcile count discrepancies
• Effectively work with auditors
• Complete and close a physical inventory

Workshop Topics
• Definition
• Preparing for a Physical Inventory
• Conducting the Physical Inventory
• Reconciling Differences
• Reporting Results
• Tricks, Traps, Problems, and Solutions
 

 

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