Lean Inventory System (LIS)
The objective of every company is to deliver goods and services to its customers. In doing so, materials must be purchased and made available for production.
A certain level of inventory becomes necessary, especially that the materials are imported or the suppliers cannot deliver “just-in-time”.
The Lean Inventory System seminar or Inventory Planning Control (IPC) is designed to equip the participant with working concepts on IPC and the necessary skills to implement these concepts in order to improve inventory turn-over, while continuously making available materials needed in the company operation.
These concepts will find a lot of use in computers because of the volume of materials and transactions that your company works on. The emphasis of the training however is in understanding the principles behind concepts.
Objective: By the end of the seminar the participants would have been equipped with working knowledge and techniques for cost effective materials planning and management.
Agenda
- IPC Concept, Objectives, Scope
- Organizing IPC
- Classifications of Materials
- Materials Identification and Coding
- Classical Inventory Control Technique
- Materials Requirement Planning
- Some Inventory Reduction Techniques
- Performance Analysis
(Note: The participant is advised to bring a calculator.)
Who should attend: This training will specially benefit inventory planning managers, inventory controllers, materials managers, purchasing managers, corporate planners, production managers and those whose jobs are to be on top of this important function of supplying materials to the company operation at the least possible cost.
Number of days: 4