Certified Expert in Materials & Inventory Management

Name: Certified Expert in Materials & Inventory Management
Brand: SITMI Academy
SKU: 641feeb8e4b0105fc4bf0aac
Price: 2499 INR
Availability: InStock

Instructors: SITMI Academy

₹2999 16.67% OFF

₹2499

Why this course?

Description

Course Curriculum

Key topics Covered:

Introduction to Materials Management
- Historical Background
- Goals of Materials Management
- Integrated Materials Management
Production planning & control
- Types of Planning
- Static Vs Dynamic Planning
Master Production schedule
- How MPS works
- MPS Issues
- Available to promise (ATP)
- Time Fences
- Bill of Material (BOM)
Sales & Operations Planning
- Things to remember
- SIOP – Sales, Inventory & Operations Planning.
Materials Requirement Planning
- History
- Scope of MRP in manufacturing
- MRP Inputs
- MRP Processing
- Benefits and drawbacks of MRP
- MRP II
Capacity planning
- Capacity Management
- Capacity requirement planning
- Capacity strategy
- Capacity Utilization
- Strategic capacity Planning
- Capacity Planning classification
- Forecasting Vs Capacity Planning
Purchasing
- Purchasing Vs. Procurement
- Direct and indirect procurement
- Purchasing cycle
- Request for Information (RFI)
- Request for Proposal (RFP)
- Request for quotation (RFQ)
- Purchase Order
Forecasting
- Importance of Forecasting
- Ideas to remember
- Forecasting methods
- Forecasting accuracy
Inventory Management
- Inventory and Inventory Management
- Inventory Planning
- Inventory control
- Inventory Balancing
- Min Max Inventory
- Inventory turnover and days of sales
- Inventory costs
- Economic Order Quantity (EOQ)
- Kanban
  - Three Bin System
  - Electronic Kanban
- Inventory analysis- selective inventory control techniques
  - ABC
  - XYZ
  - FSN
  - VED
  - SOS
  - GOLF
  - HML
  - SDE
- Cycle counting
- Excess and obsolete
- JIT Manufacturing
- Vendor Managed Inventory (VMI)
- Customer Managed Inventory (CMI)
Warehousing
- Need for warehousing
- Warehousing functions, benefits and types
- Importance of Warehousing In the Development of Trade and Commerce
- Types of warehouses
  - Private Warehouses
  - Public Warehouses
  - Government Warehouses
  - Bonded Warehouses
  - Co-operative Warehouses
  - Automated Warehouses
  - Climate controlled Warehouses
  - Distribution centers
- Key Terminologies
- Sample Questions
- Supply Chain Management Dictionary with ~300 concepts and definitions
- Presentation slides on various Materials & Inventory Management topics.

Video Lecture topics:

Evolution of Supply Chain Management
Fundamentals of Supply Chain Management
Quick Understanding of Supply chain with Example
Understanding Supply Chain
Supply Chain Performance
Designing Distribution Networks
Network Design – Facility Location & Capacity Allocation
Overview of Materials Management, Challenges & Objectives
Materials Requirement Planning (MRP) & Manufacturing Resource Planning (MRP II)
Sourcing Decisions in Supply Chain Management
Introduction to Sales & Operations Planning (S&OP) Process
Brief on Sales & Operations Planning (S&OP) Process
Logistics, Transportation, Warehousing, Packaging
Brief overview of Operations Management
Introduction to Operations Management
Planning Strategies in Manufacturing Environment (MTO, MTS, ATO, ETO)
Introduction to Capacity Planning
Warehouse Management
Warehousing Processes
Co-Ordination in Supply Chain
KPI of Materials Planning & Procurement
KPI of Demand Planning
KPI of Inventory Management
KPI of Distribution Management

Course outline and registration details

What you’ll learn- About Course – This Course will outline brief on materials and inventory management concepts like Production planning, Master Production Scheduling, Sales and operations planning, Material Requirement planning/MRP, Capacity Planning, Purchasing, Forecasting, Inventory Fundamentals and control techniques, warehousing.

Target Audience – Employees working with any of Supply Chain function or college going students willing to make their career in Supply Chain/Materials/Logistics areas.

Examination Date deadline – Within 45 days from admission date

Examination – Online mode, from any location with good internet access

Examination duration – 1 hour

Exam Attempt – Single

Total Questions – 60 Passing Criteria- 50% & above

Certificate & Performance Report – Hard Copy of certificate & performance report with SITMI stamp, authorized signature, unique number of certification & both documents will laminated with high quality process – It will be dispatched at candidates postal address (within India) within 7 business days from exam qualified date.

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Certified Expert in Materials & Inventory Management

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Description

Course Curriculum

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