After the course, you will:

1. Describe the importance, purpose and activities in inventory management and control in relation to supply chain and the business at large;
2. Apply the different methods and tools used in the proper planning and control of inventory, for better cost and service level optimization;
3. Analyze and formulate recommendations on how to improve current practices in inventory management; and
4. Identify applicable inventory management performance measures.

• Introduction
  • Supply chain management
    • Supply chain management definition and process
    • Four pillars - inventory and replenishment
  • Inventory in the chain
    • Rationale for inventory                 
    • Cycle stocks
    • In transit and work in process inventory
    • Safety stocks
    • Seasonal and anticipatory stocks
    •  
• ABC Analysis
  • Pareto's law
  • Value of inventory
  • Usage value computation
  • Steps in ABC analysis
  • Classification rules
  •  
• Inventory Costs
  • Definition and impact to customer service
  • Capital costs
  • Storage costs
  • Inventory risks costs
• Economic Order Quality (EOQ)
  • Cost of inventory
  • Elements of EOQ
  • Average inventory and carrying cost
  • Ordering cost
  • Total cost and EOQ formula
• Safety Stock Determination
  • Definition and need for safety stock
  • Methods of computation    
    • Estimation of variability 
    • Service level approach 
    • Computation of stock-out penalty
• Inventory Control Systems
  • Cyclical or fixed order interval system
  • Visual review system
  • Order point or fixed order quantity system
  • Two-bin system or last bag method
  • Flow control system
  •  Advanced inventory control systems - Materials Requirement     Planning (MRP) and Just-in-time (JIT)
  • Vendor managed inventory
  • Quadrant model
  • Square root rule for multiple locations
• Physical Count System
  •  Annual physical
  • Cycle count
• Performance Measurements

Antonio Kent M. Valderrama, C.P.M., DSM

Kent has been in the Supply Chain Management profession since 1984. He is a resource person for the Supply Chain Management seminars of PISM, De la Salle Benilde SPaCE, San Beda Alabang and the Program Director for Supply Chain Management of the Ateneo Graduate School - Center for Continuing Education Program.

Kent is a Board member of BizSolv Asia and the Executive Director of the Macrolite group of companies. 

He was formerly Logistics Director of Jollibee Foods Inc., Vice President for Warehouse and Distribution of Geo Logistics, Inc., Director for Operations and Logistics of Shaklee Philippines and Logistics Manager of San Miguel Metal Packaging Business.

He earned his Certified Purchasing Manager (C.P.M.) title in 1993 and is recognized as a Diplomate in Supply Management by SOFSM/PISM in 2002.  

He is also the Philippine country representative of the Supply Chain Asia organization based in Singapore. He holds a B.S Industrial Management Engineering minor in Mechanical Engineering degree from De La Salle University.