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. It also identifies the potential issues encountered in stock activities and how to solve them through exercises; it explains the methods of stock analysis and how to utilise the results of the analysis to optimise the stock. The last section covers the objectives and processes of Inventory Management.
Course Structure: 8 modules of max. 2 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: Foundation / Skill Instructor: Paul Adrian or Dominique Deleersnyder
Designed for you, if you are...
A stakeholder in the Supply Chain: stock controllers, cost controllers, buyers, logisticians, but also members of the technical departments, e.g. technical administrators
How we build your confidence
Live instructor-led training
This course will give participants a strong theoretical background through a solid and meticulous documentation you will be able to use in your working position as a reference
Upon completion of this course you will have a thorough understanding of the Stock Control activities.
You will be in a position to optimise the level of your stock using methods of analysis and the tools of optimisation.
You will also be able to reduce the stock value and increase its efficiency.
Participants will be able to act as Stock Controllers in their entity as they will have in-depth knowledge of stock control processes.
Stock control basics - Definition and acronyms - exercise
The essential pre-requisite: the Master Data - Vendor master - Service Master - Material Master: organisation, creation, guidelines
Stock control methodology - Stock material parameters - different types of stock control - decision tree - MRP - MAP - 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 issues 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