Introduction to Inventory Management: Item Inventory Policy & Related Techniques
Description
This instructor led online course will review item level inventory policy. Participants will learn how to perform end-item safety stock calculations for different customer service levels with a step by step example. The course will also review carrying & ordering inventory costs concepts, commonly used inventory replenishments systems, the ABC classification and its application as well as the cycle counts process and its benefits.NOTE: After registering, you will receive a confirmation email containing the location of the class/session for the registered training.
Training Information
Topics Covered:
- End-item safety stock calculations.
- Carrying & ordering inventory costs concepts.
- Commonly used inventory replenishments systems.
- The ABC classification.
Hector Ramirez worked for 33 years in the Supply Chain and Manufacturing areas for the steel, earth moving and automotive industries. An Industrial Engineer with a Master’s Degree on International Management, he held several positions within the organizations he’s participated, including: Purchasing Manager, Supply Chain Department Head, Manufacturing Manager, Operations & Facility Manager. Through his career Mr. Ramirez worked in several different countries, and besides his operating experience has participated or led multinational teams on “green field” plant construction projects, global product sourcing projects and IT systems re-engineering or implementation projects. His latest responsibility was the rehauling and start-up of a 500 employees automotive Tier 2 stamping facility.
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