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Material Management (SCM03)

    In-House Request or Enquiry

    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

    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

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      HOT Engineering GmbH   Tel: +43 3842 43 0 53-0   Fax +43 3842 43 0 53-1   hot@hoteng.com