Forecasting and Inventory Management 预测与库存管理

Supply Chain Directors, Managers and other professionals who have responsibility for inventory management and physical storage

Explain the concept of ABC inventory analysis and its application to inventory management. Perform a simple ABC analysis. Understand the pull and push requirements planning systems. Analyze the importance of good inventory management, classification of inventory based on flow of material, functions inventories perform, objectives of inventory management
Real case studies will be used to augment the learning experience

Certification for "Forecasting and Inventory Management Training"

Day 1

1. ABC Classification

2. Interface with Marketing, Operations & Finance

3. Pull Systems
How to determine

4. Push Systems
How to determine

5. Reasons for carrying inventory
Demand (independent/dependant)
Customer Demand
Finished Goods

6. Functions of Inventory
Anticipation
Lot Size
Fluctuation
Transportation

7. Objectives of Inventory
Best Customer Service
Low cost operations
Minimize investment

8. Inventory Records/data bases
ERP
Bill of Materials
Perpetual tracking
Financial

Material Control (Inventory) Management Training (continued)

Day 2

9. Inventory costs
Product
Transportation
Duties
Insurance
Labor
Storage

10. Stock out costs
Backorder
Lost Revenue/Sales
Lost Customer

11. Inventory Turns
Purpose
Calculation

12. Cycle Counting
Purpose
Frequency
Using ABC
Benefits

13. Order Points
Lot-for-lot
Fixed order quantity
Economic order quantity

14. Safety Stock
Variability of demand
Frequency of ordering
Desired service level
Length of the lead time
Ability to forecast

15. Service Levels
Measure
Monitor

Review and wrap up (Q & A and comments)

J. Kelley

Summary of Experience

President, Inter-Conn
Vice President, NSI
Vice President, Simmons
Director of Procurement, Covad Communications
Director of Materials, NEC
Director of Materials, Avis Industries
Director of Materials & Far East Procurement, TRW
Senior Advisor, Supply Chain, Unisys

Mr. Kelley has over 30 years of key leadership roles with multi-national companies. His responsibilities covered Sourcing, Purchasing, Supply Chain, Operations, Materials, Finance, Customer Service, Strategic Planning, Logistics, Quality Assurance and Information Systems. International business experience spans nine countries in the Far East, five countries in Europe, as well as Mexico and Canada.

China experience
Leading C.P.M. instructor in China
First C.P.M. to actually work & live in China
Over 20 years working with Chinese suppliers
Managed Chinese Sourcing/Purchasing staff

Professional Attainment / Education Background
Lifetime Certified Purchasing Manager (C.P.M.)
Certified Production and Inventory Manager (CPIM).
President of a NAPM Chapter
Vice President of an APICS Chapter
Founder/President of IPMA-Taipei
Bachelor of Science degree in Business
participated in over 25 accredited professional/international business courses

Accomplishments
His accomplishments are recognized in national publications. He has taught professional development courses while affiliated with the National Association of Purchasing Management (NAPM), the American Production Inventory Control Society (APICS) and the University of Virginia. He is recognized as a subject matter expert in eProcurement and multi-cultural business transactions. His commentaries have been highlighted in Fortune 200 company articles