The simple argument that a rupture of material availability can have a tremendous cost impact compared to the price of the equipment itself justifies the accumulation of stocks which represents a huge money immobilisation. This is particularly true when the Lead Time to supply this equipment is significant in remote areas. The Mission and Objectives of Stock Management is however to control the level of Stocks in order to increase their efficiency in terms of finance and material availability.
This course is a very detailed study of all tools, methodologies and processes, general and specific, which are necessary to properly control the Stocks at an E&P entity.
Course Structure: 4 modules of 4 hours each, delivered over 4 days Each day will consist of 2 x 2 hour modules including a 30 min. break in between.
Course Level: Skill Duration: 4 days Instructor: Paul Adrian
Designed for you, if you are...
An actor in the Supply Chain: stock controller, cost controller, buyer, logistician, but also members of the technical departments, e.g. technical administrators
How we build your confidence
Live instructor-led training
This course will give you a strong theoretical background through a solid and meticulous documentation 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
Upon completion of this course you will have a thorough understanding of the Stock Control activities.
You will have learnt the mission and objectives of Stock Management and understood how to fill this mission and to reach the objectives
Missions and Objectives of Stock Management
Objectives, Procedures and Definitions: The "4 Right" objectives leading to Stock Optimisation - Stock Management Procedures
Organisational Structure and Actors: The various interfaces of Stock Control - DUET and TRIPLET - Job Descriptions
The Stock Management Digital Tools: The ERP: Supply Chain Management Tool - Review of the main ERPs
Stock Control Activities
Stock Control Basics: Definition and Acronyms - Exercise
The essential Pre-requisite: The Master Data: The Vendor Master - The Service Master - The Material Master: Organisation, Creation, Guidelines
Stock Control Methodology: Stock Material Parameters - Different types of Stock Control - Decision tree - The MRP - The MAP - The Lead Time
Stock Control General Processes: Review of main Processes - General Processes: MR, GI, GR
Stock Control Specific Processes: GIT - Specific GR - Integration - Sales - Scrap - Loan - Repair
Potential Problems in Stock Analysis: Absence of Planning - Wrong MM Data - ERP Control - Materiel not found - Materiel unusable - Quantities discrepancy - Materiel unidentified - Generic Codes - High Shortage ratio - Wrong cost allocations - Excessive Procurement time - Documents missing