Today’s economics in business has brought many organisations to address major investments like inventory with a limited results solution outsource the function and/or activity. Procurement services and Contract manufacturing activities are typically what have been employed. Some reduction of inventory occurs BUT it is minimal as to what it could be.
In order to achieve a level of significant reduction (more than 20% improvement per a research agency) throughout the supply chain, a deeper awareness of what creates inventory needs to be understood. WHY? Certain actions taken will only provide a short term impact/result. The basic problems haven’t been addressed (actions to reduce order quantities & revert to Lean Practices for delivery have downstream impacts:
- 1) Increased equipment downtime;
- 2) Increased transportation and handling costs. These effects could have been avoided by addressing core operating issues/problems.
The course Supply & Inventory Management will provide trainees with an ability to apply the regulations, purchasing and managerial techniques in acquisition and disbursement of equipment, materials and items in merchandise and service business environment.
NB: All trainees are asked to bring their laptops