Material Management & Inventory Control
Achieving and Maintaining Inventory Accuracy
You Will Learn
- How to increase inventory accuracy
- What tools to use to improve measurements of inventory accuracy
- What tools to use to determine the causes of inventory errors
- How to select appropriate replenishment system
Course Outline
- Inventory ownership and its accuracy
- Simple visual systems that increase accuracy and simplify inventory management processes
- Measuring inventory accuracy
- Tools for improving measurements
- Tools for diagnosing causes of inventory errors
- Use and misuse of classification systems
- Options for locating inventory
- How to select and establish the appropriate replenishment system for your operations, including consignment inventory, breadman resupply, Kanban replenishment, systems contracts, and online ordering
- Managing reject material, excess and obsolete inventories
Who Should Attend
Purchasing, inventory and supply managers who are responsible for inventory accuracy or anyone who handles or is in a position to affect the accuracy of inventory.
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