How to Reduce Inventory Levels - Some Practical Solutions
Course
In London
Description
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Type
Course
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Level
Beginner
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Location
London
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Class hours
8h
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Duration
5 Days
Most organisations have problems with their stockholdings of materials needed for Maintenance, Repair and Operation - perhaps holding too much stock, or having the wrong things in stock when they are needed for safe and profitable operation of the facility. In each case, there is a cost-penalty to the company, such as money tied up in excessive stock levels, the cost of not meeting production plans, shortfalls in safety or quality.
There are many reasons why these and similar problems arise; the reasons themselves are closely inter-related.
This 5-day interactive course aims to provide practical solutions towards optimising a company's stockholding of MRO items by addressing the various factors that influence the stock-holding decision, based upon sound principles of procurement & supply management.
Facilities
Location
Start date
Start date
Reviews
Subjects
- English Language
- Supply and Chain Management
Teachers and trainers (1)
TBC TBC
Senior Trainier
Course programme
A 5-day course
The course is intended for staff who:
- Define the specifications of materials & equipment
- Select the items to be held in stock, and the quantities to be stocked
- Plan the demand for use of stock items
- Purchase items for stock replenishment
- Monitor & control levels of stock, including disposal.
Additional information
This course is available for in-house delivery if required.
This course will be conducted in the English language.
How to Reduce Inventory Levels - Some Practical Solutions