Inventory Management and Control
YOUR WEBINAR HOST
|
NORMAN H. ADRIANO
Resource Speaker Business and Supply Chain Management Consultant, Business School Lecturer |
NORMAN H. ADRIANO has been helping companies help themselves via his business and supply chain management (B+SCM) consultancy and training engagements since 2014.
He began his corporate career as an industrial engineer and went on to handle managerial and executive positions in Avon Products Manufacturing (Sr. Manager), 2Go Freight (AVP), RAMCAR’s Battery Group (VP), and DHL Supply Chain (Sector Head).
He took up executive development courses from the Asian Institute of Management, Asian Productivity Organization, Center for Creative Leadership, Columbia University, and Michigan State University. He is a USAID and World Bank-IFC accredited consultant.
Norman is an Industrial Engineering graduate of the University of Santo Tomas and has master’s units in Industrial Engineering from the University of the Philippines. He is past President and Executive Director of the Supply Chain Management Association of the Philippines. He is also a Founding Trustee and VP of Value Chain of the Asia Council for Small Business PH Chapter. He was a former Chair of the Business Administration Program of Thames International Business School where he led the faculty team online.
His corporate experience spanned 31 years. His many other hats include being a business school lecturer, Go Negosyo mentor and coach, and an on-demand B+SCM coach.
Overview
Inventory refers to all the items, goods, merchandise, and materials held by a business for selling in the market to earn a profit. The primary purpose of inventory management is to ensure there are enough goods or materials to meet demand without creating overstock or excess inventory. Inventory management and inventory control are similar but have different focuses. Inventory management handles forecasting and ordering stock. Inventory control, also known as stock control, is a part of inventory management that handles the stock on-hand
Goal
This course equips the participants with the knowledge and scope of the management and control of inventory
Learning Objectives
At the end of the 1-day course, the participants would have a working knowledge of the importance of inventory, inventory types, inventory management techniques, and inventory control procedures. The participants can conduct a review of their firm’s inventory management and control activities and recommend or implement improvements.
Course Outline
Module 1: Inventory: A tangible and intangible object
Module 2: Inventory as money
Module 3: Warehousing: Physical location and control of inventory
Module 4: Planning and Replenishment concepts
Module 5: The Bullwhip Effect
Who should attend
He began his corporate career as an industrial engineer and went on to handle managerial and executive positions in Avon Products Manufacturing (Sr. Manager), 2Go Freight (AVP), RAMCAR’s Battery Group (VP), and DHL Supply Chain (Sector Head).
He took up executive development courses from the Asian Institute of Management, Asian Productivity Organization, Center for Creative Leadership, Columbia University, and Michigan State University. He is a USAID and World Bank-IFC accredited consultant.
Norman is an Industrial Engineering graduate of the University of Santo Tomas and has master’s units in Industrial Engineering from the University of the Philippines. He is past President and Executive Director of the Supply Chain Management Association of the Philippines. He is also a Founding Trustee and VP of Value Chain of the Asia Council for Small Business PH Chapter. He was a former Chair of the Business Administration Program of Thames International Business School where he led the faculty team online.
His corporate experience spanned 31 years. His many other hats include being a business school lecturer, Go Negosyo mentor and coach, and an on-demand B+SCM coach.
Overview
Inventory refers to all the items, goods, merchandise, and materials held by a business for selling in the market to earn a profit. The primary purpose of inventory management is to ensure there are enough goods or materials to meet demand without creating overstock or excess inventory. Inventory management and inventory control are similar but have different focuses. Inventory management handles forecasting and ordering stock. Inventory control, also known as stock control, is a part of inventory management that handles the stock on-hand
Goal
This course equips the participants with the knowledge and scope of the management and control of inventory
Learning Objectives
At the end of the 1-day course, the participants would have a working knowledge of the importance of inventory, inventory types, inventory management techniques, and inventory control procedures. The participants can conduct a review of their firm’s inventory management and control activities and recommend or implement improvements.
Course Outline
Module 1: Inventory: A tangible and intangible object
- Review of supply chain management
- What is inventory?
- What is inventory management?
- Importance of inventory management
- Inventory management policy
- Inventory costs
- Objectives of holding inventory
- Types of inventories
- Tracking the paper life
Module 2: Inventory as money
- Accounting for inventories
- How inventory is valued
- Effect of Inventory on financials
- Obsolete stock
- Problems with convincing decision-makers to dispose of stocks
- Dead stock
- Arguments in favor of disposing of dead stock
- Methods of disposal
- Carrying cost and Purchasing
Module 3: Warehousing: Physical location and control of inventory
- What is warehousing?
- Common locator systems
- Location system considerations
- Common item placement theories
- Inventory stratification
- Location addresses and SKU identifiers
- Metrics
- Cycle counting
- Automatic identification
Module 4: Planning and Replenishment concepts
- Replenishment costs
- Types of inventory management
- Independent demand
- Dependent demand
- Independent demand
- Material requirements planning (MRP)
- Manufacturing resource planning (MRP2)
- Enterprise resource planning
- Just in time (JIT)
- Safety stock
- Strategies to reduce inventory
Module 5: The Bullwhip Effect
- What is the bullwhip effect?
- Strategies to lessen the Bullwhip Effect
Who should attend
- Warehouse Managers / Supervisors / Analysts
- Finance / Accounting Managers / Supervisors / Analysts
- Supply Chain Planning Managers / Supervisors / Analysts
- Inventory Planning & Control Managers / Supervisors / Analysts
- Procurement / Purchasing Supervisors / Analysts
LIVE ZOOM MEETING / Q&A
Tuesday | July 4, 2023
9:00 AM - 4:00 PM
Tuesday | July 4, 2023
9:00 AM - 4:00 PM
REGISTER FOR THIS FULL COURSE ONLINE TRAINING.
Click the correct type of rate for smooth transaction.
Click the correct type of rate for smooth transaction.
SUPER SAVER |
GREAT DEAL |
EARLY BIRD |
REGULAR RATE |
1,300 |
1,500 |
1,700 |
2000 |
per person |
per person |
per person |
per person |
Payment Date shall be made on or before June 8, 2023 |
Payment Date shall be made on June 9 - 18, 2023 |
Payment Date shall be made on June 19 - 27, 2023 |
Payment Date shall be made on June 28 - July 4, 2023 |
PAYMENT INCLUDES:
- One (1) Slot for the online training
- PDF File of the Speaker's presentation
- Thirty-day exclusive access to the recorded online training via our YouTube Channel
- Signed Electronic Certification