Supply Chain: Inventory Control & Safety Stock Calculation

Reduce 1,000s $ by optimizing inventory levels
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695 students enrolled
Instructed by Yasin Mondi Business / Operations
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  • Lectures 21
  • Length 1.5 hours
  • Skill Level All Levels
  • Languages English
  • Includes Lifetime access
    30 day money back guarantee!
    Available on iOS and Android
    Certificate of Completion
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About This Course

Published 11/2015 English

Course Description

The course is a vital topic in supply chain planning field for all type of planners. Safety stock & inventory control have huge impact on cash flow & profits of any manufacturing or trading companies..

You will be learning, firstly, how to calculate safety stock and there will be different types of equations in order to suit all industries.

Also we will focus on how to optimize inventories levels with ten different methodologies.

All planners shall be able to implement easily the materials of this course and drive saving from 1,000$ to 100,000$ per month.

Ultimately, market share of your firm will grow with more revenues & profits.

What are the requirements?

  • Basic supply chain concepts

What am I going to get from this course?

  • How to calculate Safety Stock level by multiple formulas.
  • Inventory Control Significance
  • More than 10 techniques to reduce cost by controlling inventory levels.

What is the target audience?

  • Supply Planners
  • Demand Planners
  • Materials Planners
  • Production Planners
  • Distribution Requirement planners

What you get with this course?

Not for you? No problem.
30 day money back guarantee.

Forever yours.
Lifetime access.

Learn on the go.
Desktop, iOS and Android.

Get rewarded.
Certificate of completion.

Curriculum

Section 1: Safety Stock Calculations
Course Objective
Preview
04:13
Safety Stock-Equation 1
Preview
05:00
Safety Stock-Equation 2
Preview
02:51
Safety Stock-Equation 3
03:59
Safety Stock-Equation 4
08:47
Safety Stock Categories
03:10
Section 2: Inventory Control Techniques
Inventory & Non-Inventory Items
01:12
Inventory Control Functions & Significance
02:43
Excess Inventory
02:24
Inventory Carrying Cost & Control Strategies
03:03
Inventory Carrying Cost Example
Article
Pareto Principle
03:57
More Frequent Orders
08:21
DCs Centralization
02:53
Safety Stock Reduction- Forecasting Accuracy & Transportation
02:19
Make to Stock & Make to Order Strategy
06:15
Safety Stock Reduction- MTO, MOQ & Supplier Partnership
03:22
Safety Stock Reduction - Cross Docking
01:51
Safety Stock Reduction - Kill Or Cure / Standardize
02:10
Safety Stock Reduction - Helicopter View
06:18
Safety Stock Paradigm
00:26

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Instructor Biography

Yasin Mondi, Operation & Planning Consultant

Hello, my name is Yasin Mandi and I am operation & planning consultant @ NASQ-consultancy firm.

I am working for one of the leading manufacturing FMCG company (Sunbulah Group) in the ME and also worked for Sealy Mattress who holds the most highly recognized brands in the industry.

The privilege I enjoyed during my work life is that I handled multiple roles for almost 1 ½ decade which sharpened my technical skills. I can say my expertise lies in several fields in supply chain & manufacturing function, as well.

In supply chain management, I was responsible for; Master Production Scheduling (MPS)in which I have planned more than 500 finished goods items & more than 25 production lines capacities. Also, I have carried out Material Requirement Planning (MRP) for more than 600 items. In addition, I handled Purchasing, Logistics, Warehousing, Material Handling, New Initiatives and Supply Planning Management. Furthermore, my very special assignment that I am very proud of; was leading Sales & Operation Planning (S&OP) role.

In Manufacturing Management field, I managed different scopes; for example the core one was Production & Operation Control. I handled huge number of manpower (>450 employees) & their scheduling, as well. I was also responsible about Quality Assurance, Maintenance Planning, Budgeting, overall plant performance, etc.

I have always been fascinated by implementing the best practices of integrated supply chain planning & customizing ERP systems to cope up with business requirements to ensure supply performance is at peak.

Today, what I posses as knowledge or skill is not what been written in books only, but it is what been written in books & really are implementable tactics & strategies.

I enjoy very much mentoring & supporting people to excel in planning and will be honored for getting such a chance.

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