- Course Contents
- Day-1: Inventory Concept and Simulation Exercise
- The role and cost of inventory
- Principles of common control techniques
- Practical pitfalls and how to avoid them
- Relationships between stock levels, frequency of ordering and customer service
- Forecasting stock levels, values and holding costs by Bull-whip Effect – Training
- Bull-whip Effect Simulation Exercise
- Implementing effective monitoring and exception reporting
- Day-2: Practical Exercise by taking real time data
- Team Making – Cross Functional
- Real Time Case Selection (SKUs)
- Prato of last 6 months business problems and its connection with Inventory Function
- Visit to Customer Inventory place Applying Inventory Management Techniques to calculate Safety stocks and reorder levels
- Calibration of Case
- Presentations