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ONLINE: Stock Control Activities, Analysis & Optimisation (SCM903)

  • 15-18 November 20214 daysVirtual instructor-led course, OnlineCourse Fee: 1750 EUR + VAT

Description

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
  • 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 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.

Topics

Day 1
  • Stock control basics
    - Definition and acronyms - exercise
  • The essential pre-requisite: the Master Data
    - Vendor master - Service Master - Material Master: organisation, creation, guidelines

Day 2
  • 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

Day 3
  • 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

Day 4
  • Stock Analysis and Methods
    - ABC Analysis and Pareto Principle - ABC + WXY analysis - ASD analysis - Key Performance Indicators - stock report
  • Stock optimisation
    - Objectives - data cleaning - corrective actions after stock analysis - reduction of stock value
  • Inventory management
    - Objectives - the 3 types of stock inventory - general process - the quality check


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