Digital World-class SCM Training - Inventory Management Series
SAFETY STOCK MANAGEMENT
Course Length: 08 hours
Training Language: English
Growing market, unstable demand, more SKUs (stock keeping units), with small order quantity (qty), become a challenging situation for demand planners in managing strategy for inventory. High inventory will increase customer service level but also increase cost.
This training will provide you the strategy & technique to determine the right safety stock to keep maintain a high service level for customers.
At the end of training, trainees will understand:
Factors in determining safety stock
Determine the right service level with the right cost
Determine qty of safety stock based on demand fluctuation
Forecast error and relation with safety stock
WHO SHOULD ATTEND
This training is important for:
Objective & responsible for Inventory Management.
Inventory costs: carrying cost, ordering cost, capacity related cost, stock out cost
Forecasting: quantitative & qualitative, forecast errors, forecast bias, how to detect errors forecast, relation of forecast errors & safety stock (exercise using excel spreadsheet).
Determine safety stock based on deviation of demand, & service level (exercise using excel spreadsheet).
Determine the right service level with the right cost (exercise using excel spreadsheet, using trainees own data for simulation).
Calculate inventory carrying cost vs cost of lost sales if safety stock less than demand.
Active classroom learning.
Exercise with excel spreadsheet.
Synchronous e-learning, Instructor-led & Facilitated e-learning
The course is scheduled and led by an instructor and/ or facilitator through an online learning platform. E‐learning content for individual study can be integrated with instructor’s lectures, individual assignments and collaborative activities among learners. Learners, facilitators and instructors can use communication tools such as chats, polls, application sharing and audio and video conferencing to communicate and work together.
Using interactive methods where trainees will have concept & practising using the concept with spreadsheet excel, using their own data for exercise.
25 years of experience in the manufacturing area of some multinational companies such as Mitsubishi Electric, Sony, Mattel, Pirelli Cables. Graduated from Bandung Institute of Technology (ITB) majoring in electronics engineering, got MBA from Monash University. Certified CPIM (Certified Production Inventory Management), CSCP (Certified Supply Chain Professional), CLTD (certified logistic transportation and distribution) and SCOR-P from APICS (Association for Operation Management - USA). Currently as master instructor from APICS for preparation certification of CPIM, CSCP and CLTD, deliver APICS training in Jakarta, Malaysia and Vietnam.
Standard: 2,600,000 VND/pax
Early bird or Group registration (from 2 pax): 2,100,000 VND/pax
Register from 2 courses: discount additional 5%
The tuition fee includes:
01 Set of Printed training materials delivered to successful registrants to dedicated addresses in Vietnam
Certificates of attendance (80% of class duration)
08 hours of virtual training with certified instructors
Support from CEL Training team
The tuition fee excludes: VAT, bank charges or any other personal expenses.
June 27 & July 04 2020 8AM - 12PM (GMT+7)
For more information and registration, please contact us at or register online here https://www.cel-consulting.com/inquire-training
IN-HOUSE REMOTE ONLINE TRAINING INQUIRIES
If you’re looking for an in-house training delivered online remotely for your team for the above topic or particular skills or headaches in supply chains, procurement, logistics, contact us at for further details.
CEL Supply Chain Excellence Training Center