Training: Optimiza for Inventory Management

The following courses are available for Inventory Management using Optimiza:

Fundamentals of Inventory Management (2 days)

Overview
As more and more industry sectors enter a time of considerable uncertainty, driving efficiency and profitability within business has never been so challenging. Consumer appetite for new features, lower costs, higher quality and shorter lead times are magnifying the problems of less responsive and longer supply chains caused by the need to move the supply base offshore. To respond to these increased challenges and to maintain market share, companies must quickly adapt to these changes to become more efficient.

Companies who recognise this volatility and the importance of meeting tomorrow's challenges are rapidly re-engineering their businesses - but their new look businesses require different management and planning techniques. The traditional business practices, therefore, are being challenged and proven processes are being questioned. The goal is to increase operational efficiency and many businesses will need to adapt or risk losing out as the industry is shaken up.

Course Objectives:
The Fundamentals of Inventory Management is a 2 day course that has been designed to:

  • Introduce the basic principles of inventory management & optimization
  • Resolve the eternal (yet conflicting) balancing act between availability and investment
  • Introduce "best practice" strategic & tactical activities dealing with the effective management of inventory

Course Modules:

  • Inventory Management Concepts
  • Item Classification
  • Forecast Management
  • Lead Time Management
  • Stockholding Policy Application
  • Order Management
  • Excess Stock Management
  • Management Review

Who Should Attend?
Fundamentals of Inventory Management workshops are designed to deliver value to:

  • Newcomers to the inventory planning & optimisation management fields
  • Experienced professionals who want to expand their knowledge of the field
  • Executives from other corporate areas who've been placed in positions that now have inventory investment or service level objectives under their responsibility

How you will benefit:
The 2 day course will teach you how to:

  • Improve stock holding policies in the shake up of you business
  • Reduce inventory levels and therefore associated holding costs
  • Increase stock turns
  • Ensure warehousing space is providing the optimum level of efficiency and that stock of positioned to provide maximum availability
  • Improve stock visibility throughout the supply chain
  • Consistently meet service performance in line with customer expectation

The solution to meeting these needs versus the cost challenge lies in controlling the day to day replenishment of those line items which make up your product range.

For further information about the course, please contact

Paul van Nierop at Barloworld Supply Chain Software South Africa on Tel +27 11 445 1800 or email: pvnierop@bwlog.com
Sue Hillyard at Barloworld Supply Chain Software UK on Tele: +44 (0)121 746 5350 or email: shillyard@barloworldscs.com or
Keith Venter at Barloworld Supply Chain Software USA on Tele: +1 630 574-0795 or email: KVenter@scs.barloworld.com

Smart Inventory Management Workshop (3 days)

Course Objectives:
The objective of the Smart Inventory Management Workshop is to help ensure that Barloworld Supply Chain Software clients are getting the maximum benefit from Optimiza in their business. The 3 day workshop will re-introduce the basics of inventory optimisation and provide a facilitated forum for how these basics are practically implemented in different industries. The Optimiza software will be used by the delegates during the three days to experiment with new or unfamiliar functionality and discussions will be encouraged on how inventory management processes are best implemented.

Course Modules:
The workshop structure will follow the key sub-processes in ensuring good inventory management listed below but the emphasis will be on practical application and sharing experience.

  • Inventory Management Concepts
  • Item Classification
  • Forecast Management
  • Lead Time and Supply Risk
  • Inventory Policy
  • Order and Supplier Management
  • Excess Stock Management
  • Management Review

Who Should Attend?
The Smart Inventory Management Workshops is designed to deliver value to:

  • Experienced Optimiza users who want to expand their knowledge of Optimiza and the inventory management and supply chain field in general
  • Newcomers to the software who want to know how it can be best used in their environment.
  • Managers who want to challenge their current inventory management processes.

How you will benefit:
The 3 day workshop will help you:

  • Formulate and/or improve strategic stock holding policies in your business
  • Provide a better understanding of how to structure inventory optimisation processes to best use Optimiza.
  • Understand how new Optimiza functionality in areas such as forecasting and constrained ordering could benefit your business.
  • Get practical advice from other delegates and Barloworld Supply Chain Software consultants on how to meet your particular inventory management and supply chain challenges.
  • Ensure that the daily replenishment decisions (which are the direct drivers of inventory investment, availability & stock balancing) are optimal

For further information about the course, please contact :

Paul van Nierop at Barloworld Supply Chain Software South Africa on Tel +27 11 445 1800 or email: pvnierop@bwlog.com
Sue Hillyard at Barloworld Supply Chain Software UK on Tele: +44 (0)121 746 5350 or email: shillyard@barloworldscs.com or
Keith Venter at Barloworld Supply Chain Software USA on Tele: +1 630 574-0795 or email: KVenter@scs.barloworld.com

Introduction to Optimiza (1 day)

Workshop Objectives:
The objective of the Introduction to Optimiza is to help ensure that Barloworld Supply Chain Software clients are getting the maximum benefit from Optimiza in their business. The one day workshop will teach delegates the fundamentals of the tool and how they are likely to be using it.

Optimiza software will be used by delegates on dedicated PC's during the day to experiment with functionality and discussions will be encouraged on how the tool can be best used.

There will be hands-on exercises throughout the workshop.

Workshop Modules:
The course will provide an introduction into Optimiza functionality and navigation as a starting point for people new to Optimiza. It will cover topics including creating templates, the Cockpit, Inventory Enquiry, Ordering, Forward Plan, Optimiza Reports. If time allows then other areas can be explored as required.

Who Should Attend?
Introduction to Optimiza is designed to deliver value to:

  • New Optimiza users who have little or no previous experience with the tool.
  • Relative newcomers to the software who want to refresh and update their knowledge.

How you will benefit:
The 1 day workshop will help you:

  • Understand what Optimiza offers, how to navigate around the system and how you can best use it in your daily working environment.
  • Get practical advice from Barloworld Supply Chain Software consultants and other delegates on how to meet your particular inventory management and supply chain challenges.

For further information about the course, please contact

Paul van Nierop at Barloworld Supply Chain Software South Africa on Tel +27 11 445 1800 or email: pvnierop@bwlog.com
Sue Hillyard at Barloworld Supply Chain Software UK on Tele: +44 (0)121 746 5350 or email: shillyard@barloworldscs.com or
Keith Venter at Barloworld Supply Chain Software USA on Tele: +1 630 574-0795 or email: KVenter@scs.barloworld.com

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GOLD Service is a collection of online services for Barloworld Supply Chain Software CAST clients. It allows users to submit support issues, transfer data between themselves and Barloworld consultants, claim and relinquish licenses for CAST, request remote mentoring plus more.

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