Material Management (SCM03)
Description
Material Management is an essential link in the supply chain. It is particularly important in the upstream industry where the cost of a disruption can be enormous, unrelated to the cost of the equipment itself. On the other hand, the downtime may result in the accumulation of material which is the opposite of business efficiency.
Where is the right balance? This course will answer this question.
It provides a thorough understanding of the role and importance of Material Management within the Supply Chain, the definition, objectives and procedures of Stock Management as well as stock control activities.
Course Level: Foundation / Skill
Duration: 5 days
Instructor: Paul Adrian or Dominique Deleersnyder
Where is the right balance? This course will answer this question.
It provides a thorough understanding of the role and importance of Material Management within the Supply Chain, the definition, objectives and procedures of Stock Management as well as stock control activities.
Course Level: Foundation / Skill
Duration: 5 days
Instructor: Paul Adrian or Dominique Deleersnyder
Designed for you, if you are...
- A professional working in the supply chain, e.g. a stock controller, buyer or logistician
- A stakeholder from the technical department, e.g. a technical administrator
How we build your confidence
- This course will give you a strong theoretical background through a solid and meticulous documentation, which you will be able to use in your working position as a reference
- The course will also make extensive use of case studies and exercises
The benefits from attending
By the end of the course you will feel confident in your understanding of:- The Supply Chain in the upstream industry and its objectives
- The role and importance of Material Management within the Supply Chain
- Definition, objectives and procedures of Stock Management
- Stock control activities: master data, stock control methodology and processes
- Stock analysis and optimisation
Topics
Introduction to the Supply Chain & Material Management- The Supply Chain in the manufacturing industry
- The Supply Chain in the upstream industry
- Introduction to stock and material management
- The Finance Global Approach
Stock Management
- Objectives, procedures and definitions
- Organisational structure and stakeholders
- Stock management digital tools: The ERP
Stock Control Activities
- Stock control basics
- The master data
- Stock control methodology
- Stock control general processes
- Stock control specific processes
Stock Analysis and Optimisation
- Potential problems in stock activities
- Stock analysis and methods
- Stock optimisation
Physical Stock Management
- Physical storage activities / description of the supply base
- Description of the warehouse
- Description of the yard - The inventory management
HOT Engineering GmbH Tel: +43 3842 43 0 53-0 Fax +43 3842 43 0 53-1 hot@hoteng.com
