Description

This internship will provide you with the knowledge necessary to optimize and streamline your supplies. You will experience the most useful methods for effective inventory management. At the end of this internship, you will be able to reduce the value of average stock by improving the stock service rate.

Who is this training for ?

For whom ?

Suppliers in charge of inventory management and beginners in the function. Anyone from the supply and scheduling departments.

Prerequisites

Training objectives

Master procurement techniques

Optimize physical inventory management

Master the reliability of the procurement process

Optimize logistics flows by item family

Training program

• Prerequisites for supply and inventory management
  • The role of the procurement function.
  • The missions and objectives.
  • The place held by supplies and stocks in the company.
  • The link to logistics and Supply Chain Management.
  • Collective reflection Exchange on the missions and practices of the field.
• Establish forecasts based on needs
  • The different types of stocks.
  • Overstocks.
  • Knowledge of the items to be supplied.
  • The coding of the items.
  • The nomenclature.
  • The ABC classification (Pareto law).
  • Knowledge of the costs.
  • The procurement cost.
  • The cost of ownership.
  • Collective reflection Exchanges on concrete cases and feedback.
• Manage the evolution of stock of items
  • The theoretical evolution.
  • Out of stock.
  • The extension of delivery times.
  • The increase in consumption.
  • The safety stock solution.
  • The average stock.
  • The influence of the number of deliveries and the safety stock.
  • Rotation and average coverage.
  • Case study Work on the organization of stock and its evolution.
  • Practice of different techniques.
  • Calculation of an optimum average stock.
  • Calculation of a safety stock.
• Take into account the financier's point of view
  • The renewal method.
  • The fixed quantity with a variable date.
  • The economic quantity.
  • The level of the turnover point.
  • Provisional coverage.
  • The variable quantity on fixed dates.
  • The frequency of supply.
  • The quantity to be transferred.
  • Exercise: Implementation and manipulation of the different methods.
  • Calculation of an economic quantity and a safety stock.
• Implement monitoring and measurement tools
  • The elements to follow for the supplier and the stock manager.
  • Monitoring the evolution.
  • Monitoring the value of the average stock.
  • Monitoring improvements.
  • Reducing the number of stock outs.
  • Change in the average turnover rate.
  • The definition of a dashboard.
  • Exercise: Set up a management and performance measurement system.
  • Choose the most relevant indicators.
  • Develop your dashboard.