Demand Planning.Net: Are you Planning By Exception?
Demand Planning.Net
demand planning, forecasting, and exception management

Inventory Management & Optimization - Mumbai, India

Mumbai, India
Date: Aug 8 - 9 , 2019;


Location : Hilton Mumbai International Airport, Mumbai


 

View and print seminar brochure (PDF)

Register Now at a early bird Price of INR 36,000
INR 32,000

Combo Packages Available

i . 2 day DP + 2 Day Inventory Optimization INR 65,000   – Details

Contact for Registrations & Enquiry : Paarth Raj Gupta +91 9319340404 / +91 8237046020

Please note that you can register and pay in Indian Rupees to attend this workshop. Rupee Payments will be processed by our Demand Planning Office in Pune.

This program has been developed to communicate industry best practices in the area of inventory management to Supply Chain professionals. This workshop aims to provide the necessary technical background to enable attendees to develop & implement best practices & procedures in materials management into their own business units.

This workshop will holistically present the best practices and explain the concepts and calculations for optimizing your inventory parameters. We preach true inventory optimization - help you to establish the right parameters your process and systems may need to run a lean machine with just optimal inventories to deliver the service and fill rates.

This is a hands-on, practical workshop with many exercises and case studies and excel based work out problems. Every planner and material manager will leave the training hall with a diverse skill set to do their day to day jobs.

 
Who Should Attend?
  • Production Planners
  • Supply Chain Analysts
  • Director of Supply Chain
  • Director of Value Chain
  • Analysts in the Supply Chain
  • Inventory Planners
  • Operations Planners
  • Financial Analysts
  • Director of Logistics
  • Director of Customer Service
  • Learn from industry experience
     
    Network with peers

    You will have the opportunity to meet, interact, and learn from other demand planning professionals with team challenges and networking exercises.

     
    Add to your credentials - This is a pre-requisite for our Certification

    Upon completion, you will be awarded a certificate of completion from Demand Planning LLC, attesting to your newly-acquired skills in Inventory Management & Optimization.  

    Detailed Outline of the Workshop:

    Day 1

    11:15 AM to 5:30PM

    Day 2

    9:00AM to 5:30PM

    • 11:15 AM Registration
    • 11:30 pm Inventory Management and Demand-driven planning
      – Review of online modules
      • Strategic Uses of Inventory
        •Buffering •Hedging •Decoupling •Production Smoothing •Pricing
      • Inventory Categories
        •Direct materials •Indirect Materials •MRO •Spares
      • Inventory Management Strategies
        •Engineer to Order •Make to Order •Make to Stock •Postponement •Mass customization
    • 1:00 PM Lunch Break
    • 2:00 PM Product Portfolio Management
      • Impact of Data Volatility on Forecasting
      • Measuring Volatility
      • Impact of multiple Extreme Observations on Volatility
      • SKU Segmentation for demand modeling & inventory strategies
      • Modeling by exception
      • ABC analysis - Classification philosophy
      • Pareto analysis  based on dollar usage
      • Item criticality .
      • Excess, obsolete and Slow-moving Alignment with product lifecycle
      • Discontinuance and end of life (EOL)
      • Process flow for Segmenting SKUs
      • Example using a three-dimensional matrix; ABC / Volume / Critical / Status; excess, obsolete impact of Segmentation on Cycle Counting and Inventory Accuracy.
    • 3:30pm Coffee break
    • 3:45 PM Demand Planning Analytics toolkit
      • Definition of Demand Forecast Errors
        • Forecast Accuracy
        • Forecast Bias vs. Forecast Error
        • Error and Volatility Reduction
        • Errors across SKUs vs. Errors across time
        • Model Diagnostics vs Performance
           - MAD
           - MAPE vs. MPE
           - WAPE
           - Root Mean Squared Error
      • Measuring forecast performance
        • Forecast Performance Metric
        • Forecast errors and actionablity
        • Sources of Forecast Error
        • Definition of Demand Planning Metrics - WAPE & Bias
        • Types of Bias
        • SKU Mix Error
        • Error Analysis for Continuous Improvement
        • Forecast Accuracy Reporting
    • 9am Economic Order Quantity and Purchase Quantity Discounts
      • Economic Order Quantity
      • Derivation of the EOQ
      • Determinants of EOQ
      • Ordering Costs versus Carrying Costs
      • Components of Inventory carrying / holding costs – capital, storage, obsolescence, handling (breakdown) and their impact
      • Estimating Inventory Carrying costs for various industries
      • Placing an Order for different quantities
      • Purchase Quantity Discount
    • 10:00pm Inventory Optimization and Management- Safety Stock  MIN-MAX Model
      • Safety Stock
        • Safety Stock calculations
        • Determinants of Safety Stock – Service Level Agreement, Demand Volatility and Lead Time
      • Effect of Demand Uncertainty in Safety Stock
        • Different Scenarios
      • The perils of variability in Supplier lead time
        • Supplier Lead time Variance
        • Effect of Supplier Uncertainty on Safety Stock Calculations
    • 11:00am Coffee Break

      • Min Max Models
        • Re-order Point
        • Demand During Lead Time
        • Definition of MIN level in the Min-Max Model
        • Definition of MAX level in the Min-Max Models
        • Inventory Cycle and Cycle Time
        • Cycle Stock
        • Time phased Order Point (TPOP)
        • Lifetime buys and Minimum Buys
        • Case Study
    • 1:00 PM Lunch Break
    • 2:00pm Measurement and KPIs Forecast Error, Customer Service and Inventories
      • Service Level measurements
        - Fill-Rate and On-time Delivery
        - Order complete
        - Service Metrics exercise
      • Inventory Performance Measures
        - Inventory Accuracy
        - Inventory Turns
        - Days on Hand
      • Supplier Performance Measures
        - Schedule Adherence
        - Lead Time Adherence
      • Relationship between Schedule Adherence, Customer Service and Inventory Availability
    • 3:30pm Coffee break
    • 3:30pm Work-site Inventory Management Techniques
      • Challenges and Benefits of improving & maintaining inventory Accuracy
      • Periodic review process vs. Perpetual Inventory
      • Cycle counting vs. physical Inventory
      • Kanban Methodology
      • Determining Container Size and Quantity
      • Safety stock, Min-Max and DDLT in Kanbans.
      • Exercise:Kanban Calculation exercise
    • 4.45 pm Exercise Solutions Discussion
       

    Pricing

    An additional 10% discount applies to group registrations of three or more using one payment method.

    Please note that we reserve the right to deny admission/attendance based on competitiveness.

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