Learning objectives   

1.To help managers associated with the management of inventory understand the principles, the concepts and the techniques involved.

2.To show delegates how to apply these in a way that is financially beneficial to their companies’ balance sheets. 

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Who should attend?   

Logistics professionals from all industrial sectors involved with the management and control of warehousing and distribution, including:      

Inventory Managers
Warehouse Managers
Financial Managers
Procurement Managers
Supply Chain and Logistics Managers
Supply Chain Analysts Learn about the method of principled negotiation.

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WORKSHOP OUTLINE   

Module 1: Introduction to Total Supply Chain Management

Delegates will be introduced to the concept of total supply chain management and part played by inventory management.

The Supply Objectives (The six “rights”)
Functions and responsibilities within the Supply Chain
Inventory Accounting
Impact of Functions and Sub-functions on Total Cost
Communication

Module 2: The Fundamentals of Stock Control

Effective stock control depends on the application of certain fundamental principles. These are identified to delegates.
Factors affecting Stock Control

The Nature of Demand
The Pattern of Demand
The Predictability of Demand
Stock Levels and Stock-outs
Warehousing Support

Module 3: Differential Stock Control

Differential stock control is a technique whereby scarce management resources can be prioritised to optimise their effectiveness.

Applying Pareto Analysis to Inventory Management
ABC Categorisation

Module 4: Stocktaking & Stock Checks

Stocktaking and stock checks are an essential procedure for ensuring that the inventory and logistics functions are being managed and operated correctly, but they are frequently incorrectly executed.

Types of Stock-take
Stock Record Updating
Discrepancy Investigation Checklist.
Principles of Stocktaking
Conduct of the Count

Module 5: Classification and Coding

An inventory should be classified and coded to ensure that it can be managed effectively. Delegates are exposed to the advantages and disadvantages the different methods.

Categorisation of Materials and Supplies
Methods of Coding
Digital Significance Coding System Development
Stores Catalogue Maintenance

Module 6: Provisioning and Forecasting Demand

Establishing the depth and range of an inventory depends on objective calculation tempered by subjective assessment. Delegates are shown how to increase their chances of meeting operational requirements

The Stockholding Conflict
Provisioning
Range and Depth of Stockholding
Calculating the Requirement
Economic Order Quantity
Operational Costs
Forecasting the Requirement

Module 7: Determining Safety Stock Levels

Safety stocks are a necessary financial burden on the business. Delegates are shown how to calculate safety stock levels to ensure that service levels are maintained for a reasonable cost to the business.

Applying Differential Stock Control
Setting the Safety Stock Level

Module 8: Questions and Discussions

Delegates are invited to discuss issues that have arisen either as a result of their attending the workshop, or from their own experiences in their place of work.

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about the trainer

COLIN AIRDRIE is Managing Director of  Logistics Bureau (Asia) Limited,

a subsidiary of Logistics Bureau Pty, the largest management consultancy

specialising in Supply Chain in the Asia Pacific Region. He is originally from U.K.,

but has been operating in Asia for more than 13 years.

Qualifications

•Post-Graduate Diploma in Management Sciences UMIST, United Kingdom

•Fellow, Chartered Institute of Logistics & Transport

•Visiting Professor, Tianjin College of Transportation, P.R. China

Supply Chain Experience

•38 years in supply chain and logistics operational and strategic management, and consultancy.

•The above includes 12 years experience at senior management levels in Asia, mainly in Thailand and P.R. China.

•Regional business development Asia Pacific

•Military supply chain operations and development

•Training and career development

Industry Experience

•3rd Party FMCG Logistics in UK, S.E. Asia (including Thailand) and China

•In-house retail logistics and distribution, development and operations.

•Cold chain operational management and development

Consultancy Experience

•FMCG DC design and commissioning (P.R. China – 2 major DCs totalling 76,000 sqm)

•Materials management electronic components manufacturing.

• White goods national distribution

•Bulk cement supply chain

•Training Course Design and Execution: Inventory Management, Warehouse Design & Operations •Footwear and apparel

•Logistics software selection

•3PL selection

•DC operations & transport network optimisation

Specialist areas of expertise

•Retail Supply Chain strategy development and implementation

•Logistics operations in S.E. Asia and P.R. China

•Logistics facilities design, construction  and implementation.

•Logistics network design

•Inventory management

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THE VENUE  

The Landmark Hotel (138 Sukhumvit Road, Bangkok, Thailand) is a top-quality conference venue conveniently located close to the Nana BTS Station on the South side of Sukhumvit Road. Delegates traveling in daily are encouraged to use the BTS Skytrain in order avoid delays due to rush-hour traffic.

Car parking is available at the hotel and is free to delegates attending the workshop on presentation of a stamped Car Park ticket.

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Fees and Registration form   

This covers:

• 2 days tuition

• Full set of documentation

• Certificate of Attendance

• Morning and afternoon refreshments

• International Buffet Lunch

Send two or more delegates to qualify for a 10% discount.

* Withholding Tax deduction is applied for a Thai-registered company only.

DOWNLOAD BROCHURE AND REGISTRATION FORM
Course: Successful Inventory Management

When: 22-23 April , 2010 (2 days)
Where: Landmark Hotel, 138 Sukhumvit Road
Bangkok, Thailand

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IMPORTANT INFORMATION

Cancellations & Substitutions             

All cancellations must be made in writing. If cancellation is received 2 weeks before the event, you will be entitled to a 50% refund. Due to contractual commitments, no refund will be made for cancellation within 2 weeks before the event. However, a complete set of documentation will be sent to you. Substitutions are welcomed at anytime.

It may be necessary for reasons beyond control, to change the content and timing of the event, speaker or venue. Every effort will be made to inform the participants of the changes. The teaching methodology comprises participative lectures and is interactive in nature which will involve participation from attendees. So, notwithstanding the proposed outline above, the programme may not necessarily be conducted in exactly the same sequence or duration for each topic.

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enquire about the course

For further administrative enquiries, please contact Khun Prapas at: Tel : +66 2 277 2870 Fax : +66 2 277 2869 Email : prapas@logisticsbureau.com Website : www.traininglba.com Training LBA is a division of Logistics Bureau (Asia) Limited, www. logisticsbureau.com

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