SPARK TRAINING ACADEMY PHONE: 91 9677207445 [email protected]
Material Management Course Contents
1. Definitions of Materials Management
a. The Functions and Objectives of Materials Management
b. Organization, Policies and Procedures
c. The importance of customer service in materials and supply chain
d. Problems in Material Management
2. Inventory planning and Stock Control
a. Inventory Costs
b. ABC Classification
c. Application of the ABC Classification
3. Forecasting & Planning in Material Management
a. How to Deal with Conflicting Objectives
b. Forecasting Objectives
c. Different Forecasting Models
d. Evaluation of Forecasts
4. Material Planning & Control
a. The Economic Order Quantity
b. The Maximum/Minimum System
c. The Importance of Controlling Lead Time
d. Setting the Re-Order Levels
e. Setting of Safety Stocks
f. How to Deal with Constrained Quantity Discount Schemes
5. The Purchasing Function
a. Basic Purchasing Process
b. Factors to Consider when Selecting Suppliers
c. Definition and Application of Incoterms
d. Suppliers Evaluation
e. Negotiating with Suppliers
6. Warehousing
a. Receiving, Storage and Issuing
b. Inventory Record Accuracy
c. Periodic Cycle Counting
SPARK TRAINING ACADEMY PHONE: 91 9677207445 [email protected]
7. The Transport Function
a. Responsibilities of Traffic
b. Cost-Reduction Opportunities
8. Productivity in Materials
a. Definition of Productivity
b. Causes of Lost Time
c. Materials and Supply Chain Management through Performance Analysis
d. How to Set KPIs
e. The Most Important KPIs in Materials and Supply Chain
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