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
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