Inventory management and disposition

Basics of inventory management

• Trends, definitions, contexts.
• Conflicting objectives in supply chain management, production and logistics.
• Objectives of SC projects; working capital management.
• Network planning in SC - multi-level storage systems.

Inventory management as an overarching operational function

• Objectives of inventory management, functions of inventories.
• Influence of inventories on the company result (working capital etc.).
• Causes of excessive stocks, exploit potential for improvement via range analysis.
• Key factors influencing inventory management: organization, processes, master data, IT, etc.

Inventory analyses

• Basic stock analyses.
• Article classification as the basis for a differentiated, dynamic disposition (ABC/XYZ).
• Process management and key logistics processes in the company.

Monitoring and controlling inventories - important key figures

• Service, procurement and inventory key figures: On time delivery, stock turnover, readiness to deliver, forecast accuracy, etc.

Optimize inventories - reduce costs

• Assortment management.
• Improve planning quality: from sales forecast to IT-supported sales forecast.
• Methods of determining demand: gross/net demand, deterministic, stochastic planning.
• Supply strategies: make to order, order to order, make to stock, etc.
• Differentiated, dynamic replenishment: classification of stocks using volume variability analysis (ABC/XYZ), dynamic calculation of safety stocks and order points, determination of optimum order quantities, etc.
• Special: Missing parts management in mechanical and plant engineering.

Special: Tried and tested software use in scheduling

Process automation as a driver of digital transformation

• Automation and optimization of procurement processes.
• Optimal integration of suppliers.
• Consignment warehouse, C-parts management, VMI (Vendor Managed Inventory).
• The 8 megatrends in logistics.

Inventory optimization in production

• Factors influencing production on inventories: set-up times, batch sizes, Kanban control.
• Inventory management in the maintenance area.

Development of an activity plan for your practice