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Logistic, Supplychain, & Transportation Yogyakarta

Material and Inventory Control

OVERVIEW

Is inventory an asset or a liability? For users, inventory is definitely an asset, the more the better. But financially, inventory is a burden that cannot be avoided. When cash is used to buy materials for inventory, company loses the opportunity of receiving interest; therefore, the more cash is transformed into inventory the more opportunities of getting benefit for other purpose is lost. The key in effective inventory management is to manage inventory such that it can support the operations (highest service level) and yet it is done at the lowest cost. Too much inventory is bad and too few is also bad. Therefore, we have to find the optimal inventory through effective inventory management. This course will discuss various inventory model that fit with your need..

MATERI Training Material and Inventory Control 

1. Fundamentals of Inventory Management

2. Fundamentals of Materials Management

3. The Concept of Internal Supply Chain

4. The Needs for Inventory

5. The Concept of Just-In-Time Inventory

6. The Classification of Inventory

7. The Concept of Service Level

8. The Costs related to Inventory :

• Inventory Holding Cost
• Ordering Cost
• Stock-out Cost

9. The Risks of Inventory

10. Types Inventory Systems:

• Inventory for Dependent-Demand Items
• Inventory for Independent-Demand Items

11. Inventory Models:

• Single-Period Model
• Discrete Inventory Models
• Fixed-Order Quantity Model (EOQ)
• Fixed-Time Period Model
• Optional Replenishment Model
• Two-Bin Model
• One-Bin Model
• Minimum-Maximum Model

12. Material Requirement Planning (MRP)

13. Safety Stocks

14. The Accounting of Inventory (FIFO, LIFO)

15. Inventory (Stock) Taking (perpetual and annual)

16. Inventory Turn Over

17. Inventory Management for Projects

18. Warehouse Management

TRAINING METHOD

Presentation

Discussion

Case Study

Evaluation

FACILITIES

Training Ki

Handout

Certificate

Lunch + 2 X Coffee Break

Souvenir

Pick Up Participant

TRAINING FEE for Material and Inventory Control

Rp. 7.000.000,- / Participant / Non residential

(Quota minimal 3 orang peserta pasti running)

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