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SCIEM03 - Material Inventory Management
Start time 16/08/2014
Duration
3 days
Objectives
Material_E.jpg

As per statistical data, material costs are often accounted 60% of manufacturing cost of the finished goods. Therefore, if companies efficiently control and manage materials, storage items, they will reduce a lot of manufacturing cost as well as the final product price. This could be a great advantage in competition for such enterprises.

In material inventory planning activities, the related departments are always faced the conflicting requirements between keeping as low as possible inventory level and big order quantities in order to avoid stock-out risk. How to solve this issue?

This course focuses on providing principles and applied techniques on planning, controlling and developing an effective and professional inventory planning systems.
Topic
Day 1Introduction to Material Inventory Management
Demand Forecast
Working Stock Planning
Safety Stock Planning
Day 2Spare-part Inventory Planning
Work-In-Process (WIP) Inventory
Material Requirement Planning (MRP)
Day 3Distribution Requirement Planning (DRP) - optional
Inventory control
Inventory improvement
Target Participants
Material accountants, logistics supervisors, managers and staff of material, inventory, warehouse, planning department are encouraged to attend this course.
Methodology
The course combines lectures and case studies, demonstration, group discussion and hands-on practice sessions. Training materials are provided accordingly.
Language
Vietnamese
Schedule
HN: 16-18 July 2014
HCM: 07-09 October 2014
Fee
The fee of 8.500.000 VND per participant includes tuition fee, a set of training materials, refreshments during the training time.
Venue
Asian Institute of Technology Center in Vietnam (AITVN)
Hanoi: B3 Building, University of Transport and Communication, Lang Thuong, Dong Da
HCMC: 6th floor, FCC Building, 45 Dinh Tien Hoang Street, Ben Nghe Ward, District 1 (opposite HTV)
 
 


Contact
Ms. Le Thi Thanh Loan
Program Officer
ITIMS
Tel: +84-4-3766 9493 Ext: 134
Mr. Nguyen Duc Anh Kha
Associate Head
ITIMS
Tel: +84-8-3910 7473/7423 Ext: 123
Mobile: 0918 900 963