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DATE
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VENUE
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FEES
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REGISTRATION
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18 Jan - 20 Jan, 2016 |
Kuala Lumpur, Malaysia |
SGD 3179 |
Closed |
Following information: Venue at
Kuala Lumpur, Malaysia
| Training Date from
18 Jan 2016 till
20 Jan 2016
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COURSE LEVEL
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DURATIONS
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Early Bird Discount
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Standard Price
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STANDARD
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3
day/s
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SGD 2967 Purchase it before
18 Dec 2015
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SGD 3179
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WORKSHOP OVERVIEW
Use successful methods and analysis techniques to effectively reduce inventory and costs of spares part.
This 3-day practical workshop will cover every aspects related to reducing inventory and costs of spares parts and is supported by case studies, software and practical exercises to aid understanding.Two analysis techniques will be covered; using probability for slow and fast moving spares and stimulation for high value spares with logistic issues. We cover optimizing spares for new facilities as well as how to evaluate existing inventory systems and KPIs for evaluating performance. Media Partners: 
WHAT WILL YOU LEARN?
- Establish the right inventory policy for fast and slow moving parts and high value long lead time spares.
- Good practices related SPIR forms.
- Understand how to estimate initial stock.
- Select safety stocks scientifically.
- Determine how to set reorder levels and order quantities for optimum cost.
- Identify what are the strategies to minimise stock.
- Justify the financial case for high value spares and what are the risk of not stocking and how many should we stock.
- Improving your cataloguing process.
- Learn how to measure inventory performance.
- Explore and apply what can be done with in-house and what can be done with specialist software.
- Take away material - An innovative revised SPIR sheet to aid in setting inventory management system,
PROGRAMME
- Introduction to stock optimization.
- Class, Type and strategies and CMMS Part set.
- Effective SPIRs and cataloguing.
- Spares costs.
- Introduction to failure statistics
- Should we stock ?
- When to order (Setting of Re-order points, safety stocks)
- How many to order ?
- Establish Optimum spares parameters for new equipment
- Evaluate the effectiveness of current stock policies
- How to evaluate high value, insurance and strategic spares.
AUDIENCE
The course is designed to : - Managers
- Purchasing
- Planners
- Materials
- Project and Design Engineers who have an interest in how to minimize risk and costs of spare part inventories.
- Engineers responsible for specifying, buying spares and setting up the spares information in the CMMS.
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