Prerequisites to managing procurement and inventories.
- The role of the procurement function in the supply chain.
- Procurement tasks and objectives.
- The place held by procurement and inventories in the supply chain.
- Inventory costs for the company.
Exercise
Breaking down the cost of procurement.
Identifying tools for optimizing inventories.
- Different types of inventories. Overstock.
- Knowledge of the items to be procured.
- Nomenclature and codification of items.
- ABC categorization of products.
- The cost of placing orders and possessing inventory.
Exercise
Calculating the cost of placing orders and possessing inventory.
Managing changes in the inventory of items.
- Average inventory value.
- Managing stock-outs.
- Delivery times and stock coverage
- The supplier service rate and Incoterms.
- Measuring the forecast reliability rate.
- The solution of safety stock and seasonality.
- Stock rotation, inventory, and depreciation.
- Destruction.
Hands-on work
Work to organize stock and how to go further. Calculating an optimum average inventory and a safety stock. Integrating client-supplier constraints.
Adapting your procurement techniques to your products.
- The renewal method.
- Fixed quantity at a variable date or variable quantity at a fixed date.
- Economic order quantity (Wilson formula).
- Procurement frequencies.
- Procurement on a regular schedule.
Hands-on work
Implementing different methods. Calculating an economic order quantity and a safety stock. Taking into account all the key factors in calculating and optimizing stocks.
Implementing inventory measurement and tracking tools
- Things for the procurement and inventory managers to track.
- Monitoring the development of coverage and stock rotation.
- Level of stock and customer service rate.
- Dashboard and KPIs (key performance indicators) for the procurement manager.
- Tracking improvements.
Exercise
Implementing a performance oversight and measurement system. Choosing the most useful indicators. Creating your dashboard.
2d
- 14h00 
