Project Description

Managing Material & Inventory Performance

Effective material management can only occur with the parallel support of effective inventory management. Inventory invested should give the maximum contribution to all company business operation and this can happen with excellent inventory management system.

 

This is a two-day training program, is designed to deliver knowledge and technique of managing material and inventory to support supply chain activities in a business organization.

  • Distinguish the types of inventory in business
  • Understand the concept of perpetual inventory and periodic inventory
  • Learn and apply the 10 Key Performance Indices to help monitor inventory performances
  • Identify and Grasp the key process of material management
  • Appraise the current inventory and material management system in place and apply learning to improve condition

Module 1: INTRODUCTION TO INVENTORY

  • Type of inventory
  • Periodic Inventory
  • Perpetual Inventory
  • Impact of Inventory to Businesses

Module 2: INVENTORY MANAGEMENT SYSTEM

  • Key principal of inventory management
  • ABC Analysis
  • Conducting cycle count and stock audit

Module 3: KEY PERFORMANCE INDICES (KPI)

  • Function of Inventory KPI
  • The 10 type of KPI for inventory
  • Method of calculating the key performing indices
  • Stock valuation techniques

Module 4: INTRODUCTION TO MATERIAL MANAGEMENT

  • Goal of material management
  • Objective of material management

Module 5: PROCESS OF MATERIAL MANAGEMENT

  • Basic element of material management
  • Key functional area

Module 6: MATERIAL MANAGEMENT STRATEGIES

  • Performance management
  • Vendor managed inventory
  • Cost saving and reduction techniques
  • Managing Risk and identify the risks in material management

Module 7: BRAIN STORMING SESSION AND CASE STUDIES

  • Case study on inventory management
  • Case study on Material management
  • Brain storming session on issues

Purchasing Team Members, Managers, Executives

  • Expert Input, Instructions
  • Comprehensive Notes, Workbook & Handouts
  • Group Discussions, Presentations
  • Group & Individual Exercises
  • Video Clips, Brainstorming Sessions
  • Practical Hands On Sessions

STEVEN YEO

Academic & Professional Qualifications:

  • Diploma in Human Resource Management (UK)
  • Diploma in Production Management (USA)
  • MBA in Supply Chain Management (USA)
  • Certified Professional Trainer and Facilitator (Malaysia)
  • HRDF Certified Trainer and Facilitator

Mr Yeo Sang Hong is a very experienced trainer in the field of supply chain management. During his working career, spanning over 30 years, he has held various positions, such as Warehouse Manager, Production Manager, Logistics Manager, Procurement Manager and Supply Chain Manager. His most senior position was a Company Director with a multinational company for 10 years before embarking as a fulltime trainer.

Among his outstanding achievements were the projects on Cost Saving and Cost Reduction activities. During the period from 2008 to 2013, he had successfully headed and led one of the multinational companies in saving and eliminating a total cost of more than RM 6 million through systematic analysis of Procurement, Production and overall Operational activities.

As a trainer and facilitator, Mr Yeo has been conducting in-house and public program in the areas of Warehousing, Production and Material Planning, Purchasing and other related program on Supply Chain issues.

Some of the companies he has conducted training include:

  • Sepang Aircraft Engineering (AIRBUS subsidiary)
  • Nanmu Yarn / Chaya Chia Group of Companies, Port Klang
  • Inari Amerton Berhad, Penang
  • Kangkar Raya Batu Bata Sdn Bhd, Johor
  • Chuen Cheong Food Industry, Johor
  • Syarikat Wen Ken Drug Sdn Bhd, Johor

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