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DATE
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VENUE
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FEES
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REGISTRATION
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24 Oct - 26 Oct, 2016 |
Manila, Philippines |
SGD 2999 |
Closed |
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26 Sep - 28 Sep, 2016 |
Kuala Lumpur, Malaysia |
SGD 3179 |
Closed |
Following information: Venue at
Kuala Lumpur, Malaysia
| Training Date from
26 Sep 2016 till
28 Sep 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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MASTER
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3
day/s
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SGD 2967 Purchase it before
26 Aug 2016
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SGD 3179
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WORKSHOP OVERVIEW
Newly structure course design to focus more to reduce stock levels, spares costs and stocking costs
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. New topic focusing on inventory management auditing will provide delegates to learn about types of audits and to conduct an inventory management audit so the delegates can evaluate what they have in place with respect to best practices.
WHAT WILL YOU LEARN?
- ISO55000 and what it means for inventory management
- How to audit inventory management processes
- The different costs associated with spares management
- Learn techniques to improve reliability resulting in less spares usage
- How to select the right inventory policy for fast and slow moving parts
- Good practices related to SPIR forms
- How to evaluate safety stocks scientifically
- How to determine how many to buy
- Learn strategies to minimize stock
- How to justify the financial case for high value spares
- How to measure inventory performance
- What can be done in-house and what can be done with specialist software
PROGRAMME
- Introduction to stock optimization.
- Auditing Inventory Management.
- Inventory course reduction programme.
- Spares costs.
- Introduction to reliability theory.
- Spares criticality.
- When to order (Setting of Re-order points, safety stocks)
- How many to order.
- Auditing current inventory parameters effectiveness
- Evaluate policies for insurance spares.
- Auditing business process.
- KPI Reporting system.
AUDIENCE
The course is designed to : - Managers
- Purchasing & Logistics
- 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.
- Anyone want to reduce maintenance OpEX.
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