Quality Control Management

Day 1: Inventory and the Supply Chain

• Inventory management definition

• Types of stock

• Demand amplifications

• Demand replenishment in networks

• Managing the flows

• Type I and II supply chains

• The Supply Chain Rules

• Inventory and statistics

• Concept of service level

Key Component: Demand Analysis

• Key Component: Demand Forecasting

• Key Component: Supply Lead Time

• Key Component: Cost & Benefits

• Inventory benefits

• Inventory policies

• Inventory in organizations

 Day 2: Inventory Replenishment Methods and Systems

• Basic mechanics of inventory systems

• The stock time curve

• Stock components

• Stock investment

• Free stock calculation

• Simple replenishment methods, for example, Min/Max

• Accurate replenishment methods, for example, Reorder Point and Reorder Level (ROP/ROL)

• Requirements planning systems, for example, Materials/Manufacturing Resource/Requirements Planning (MRP / MRPII)

 Stock Control-Coding

• Different coding methods

• Importance of inventory receipts

• Identifying surplus and obsolescent stock

• Checklists to help on deciding the best option

Day 3: Stock Control-Recording

• Separation of powers

• Legal issues

• How do we get inaccuracies?

Stock Control-Checking

• Roles and responsibility

• Requirements

• Job Descriptions

• Authority levels

• Tolerances and approvals

• The stock check program

• Options for stock checking methods

• Reconciliations / discrepancies

Day 4: Inventory Performance

• Inventory Performance

• Assessing the stock level

• Models for implementing inventory control

• Determining stock targets

• Inventory questions

• Inventory KPI's in warehouses/stores

Inventory Strategies

• Push/pull

• Quick response (QR)

• Efficient consumer response (ECR)

• Collaborative planning forecasting and replenishment (CPFR)

• Lean and agile approaches

• Quality Management

• Postponement

• Cross Docking

• Consolidation

• Vendor Managed Inventory (VMI)

• Consignment stocking

• Co-Managed Inventory (CMI)

• Direct product profitability (DPP)

• Economic value added (EVA)

• Collaborative supply chains

Day 5: Inventory Improvements

• Using the Supply Chain

• Using the Theory of Constraints

• Practical inventory improvements

• Call offs and Telemetry

• EDI and ICT

• Keys to reducing stock levels

• The 7 Rules for planning inventory

• Model for planning inventory