Vous avez déjà un compte client ORSYS
Se connecter
Vous êtes nouveau chez ORSYS
Créer un compte
Vous ne souhaitez pas créer de compte
Poursuivre sans me connecter

Course : Managing and Optimizing Procurement and Inventories

Managing and Optimizing Procurement and Inventories


Average of customer reviews Average of customer reviews Average of customer reviews Average of customer reviews
4,5 / 5


This course will give you the knowledge you need to optimize and streamline your procurement. You’ll gain experience in the most common methods for effective inventory management. At the end of this course, you’ll be able to reduce the average inventory value by improving the service rate.


INTER
IN-HOUSE
CUSTOM

Practical course in person or remote class

Ref. APS
  2d - 14h00
Price : Contact us

Download in PDF format

Share this course by email




This course will give you the knowledge you need to optimize and streamline your procurement. You’ll gain experience in the most common methods for effective inventory management. At the end of this course, you’ll be able to reduce the average inventory value by improving the service rate.


Teaching objectives
At the end of the training, the participant will be able to:
Master procurement techniques
Master the reliability of the procurement process
Define procurement frequencies
Reduce the level of inventory
Optimizing inventory management

Intended audience
Procurement managers in charge of inventory management, and newcomers to the field. Any person from the procurement and scheduling departments.

Prerequisites
Basic knowledge about organizing an inventory.

Practical details
Hands-on work
Exercises in real-world cases that gradually become more complex as the training goes on.
Teaching methods
Theoretical and hands-on instruction. Exercises dealing with real-world cases that gradually become more complex as the training goes on.

Course schedule

1
Prerequisites to managing procurement and inventories.

  • The role of the procurement function in the supply chain.
  • Procurement tasks and objectives.
  • The place held by procurement and inventories in the supply chain.
  • Inventory costs for the company.
Exercise
Breaking down the cost of procurement.

2
Identifying tools for optimizing inventories.

  • Different types of inventories. Overstock.
  • Knowledge of the items to be procured.
  • Nomenclature and codification of items.
  • ABC categorization of products.
  • The cost of placing orders and possessing inventory.
Exercise
Calculating the cost of placing orders and possessing inventory.

3
Managing changes in the inventory of items.

  • Average inventory value.
  • Managing stock-outs.
  • Delivery times and stock coverage
  • The supplier service rate and Incoterms.
  • Measuring the forecast reliability rate.
  • The solution of safety stock and seasonality.
  • Stock rotation, inventory, and depreciation.
  • Destruction.
Hands-on work
Work to organize stock and how to go further. Calculating an optimum average inventory and a safety stock. Integrating client-supplier constraints.

4
Adapting your procurement techniques to your products.

  • The renewal method.
  • Fixed quantity at a variable date or variable quantity at a fixed date.
  • Economic order quantity (Wilson formula).
  • Procurement frequencies.
  • Procurement on a regular schedule.
Hands-on work
Implementing different methods. Calculating an economic order quantity and a safety stock. Taking into account all the key factors in calculating and optimizing stocks.

5
Implementing inventory measurement and tracking tools

  • Things for the procurement and inventory managers to track.
  • Monitoring the development of coverage and stock rotation.
  • Level of stock and customer service rate.
  • Dashboard and KPIs (key performance indicators) for the procurement manager.
  • Tracking improvements.
Exercise
Implementing a performance oversight and measurement system. Choosing the most useful indicators. Creating your dashboard.


Customer reviews
4,5 / 5
Customer reviews are based on end-of-course evaluations. The score is calculated from all evaluations within the past year. Only reviews with a textual comment are displayed.


Dates and locations
Select your location or opt for the remote class then choose your date.
Remote class