COST MINIMISATION IN DEMAND AND MATERIAL PLANNING

BASIC INFORMATION

  • Starts: April 20, 2021
  • Length: 3 Days
  • Location: Lagos
  • Fees: ₦ 95,000
  • Reserve: 40
  • Downloaded: 120

Programme Description

Demand planning or cost minimisation is one of the most important aspects of any organization whether it is a service or a manufacturing organization. A service organization would estimate the demand for its services and prepare to service the demand. More so, a manufacturing organization would also estimate the demand for its products and prepare to service the demand. One thing in common for every organization is the objective of trying to reduce cost. This course will prompt delegates to reflect on current practices of cost minimization in demand and material planning.

Programme Objective

Participants will be able to:

  1. Recognise the importance of demand and material planning in the 21st century
  2. Realiseall the potential impacts of cost minimisation upon a business
  3. Understand the objectives and functions of demand and material planning
  4. Develop an understanding on cost operations
  5. Understand the theoretical background behind cost minimisation

Programme Modules

  1. Introduction to cost minimisation in demand and material planning
  2. Understanding the Principles of Managing Demand
  3. Demand Analysis
  4. Demand Planning: Hierarchy of Planning
  5. Introduction to Material planning process
  6. Material planning grid calculations
  7. Objective and function of material planning
  8. Pareto Law
  9. Understanding Cost of Operations
  10. Using the bill of material, lead-time offsetting and exploding

Programme Outcomes

At the end of the programme participants will be able to:

  1. Develop competency to in understanding and using material planning techniques
  2. Examine the most appropriate method for planning demand
  3. Apply best methods to manage demand
  4. Increase productivity and reduce operational costs
  5. Acquire practical tools to make material planning work more smoothly

Target Participants

Purchasing, Procurement, Inventory, Sales and Project personnel. All others who are involved in the planning, evaluation, preparation and management of demands that cover the acquisition of materials, parts, equipment, and services, and those who are in organizations whose leadership want high levels of excellence in those involved in these activities.

Programme Information Session

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