Capacity Management & Inventory Control

Capacity Management 

• Define Capacity
• What is Capacity Management?
• Types of Capacity Management
• Operations Scheduling & Planning
• Types of Operations Scheduling
• What is Aggregate Planning?
• Strategies of Aggregate Planning
• Production Planning & Control
• Explain the Inventory Models
• Principles of Material Handling
• Planning & Scheduling Maintenance
• Waiting Line Queue Management
• Characteristics of a Queue System
• World Class Manufacturing (WCM)
• WCM Techniques

Inventory Management Overview

• Inventory Management Objectives and Importance
• Understanding of Inventory Flow in Modern Supply Chain
• Demand Planning Information System Considerations
• Role of Finance in Inventory Management and Cost Implications
• Importance of Customer Service in Inventory Management

Classification of Inventory and Demand Planning

• Types of Inventory and Classification Models
• Applications of ABC Ranking
• Overview of Inventory Order Cycle
• Types of Demand and Various Factors Influencing Demand
• Factors Affecting Demand Forecast Accuracy and Measurement
• Various Demand Patterns
• Understanding Supply Lead Time

Inventory Systems and Methods

• Overview of Inventory Systems and Methods
• Factors of Inventory Holding and Ordering Costs
• Implications of Free Stock & Quantity Discount
• The Economic Order Quantity (EOQ) Model
• Simple Replenishment Methods (Min/Max levels)
• Determining the Reorder Point (ROP)
• Material Requirement Planning (MRP) Systems and Methods

Stock Controlling Tools and Techniques

• Standard Stock Movement Procedure in Warehouse
• Establishing Stock Checking and Accuracy
• Stock Reconciliation and Discrepancies Management
• Excess and Obsolete Stock Analysis
• Types of Inventory Methods (JIT, FIFO, LIFO ect.)
• Various Stock Coding Methods

Inventory Management Best Practices

• Common Pit Falls in Inventory Management
• Techniques of Inventory Control
• Inventory Reduction Methods
• Stock Disposals (Excess, Obsolete, Expired and Damaged)
• Automation (Forecasting, Replenishment, WMS etc.)
• Continues Improvement
• Measuring Inventory Management Performance (KPIs and Setting Targets)