Inventory Planning

Inventory Planning Programme BACKGROUND OBJECTIVES How to properly control inventory to meet To train participants in inventory planning customer demand at lower inventory cost is a principles and knowledge, and equip them with challenge. A good inventory planning system skills and inventory planning system for inventory can facilitate the decision-making and control performance analysis and optimisation. rightsized inventory. DELIVERABLES TOTAL COST: S$20,000 + GST $12,800 ESG FUNDING FOR SME TYPE CONSULTANCY (SUBJECT TO APPROVAL) Consultancy 4 x training session 3 x mentoring session (FOR SMES ONLY) Hardware 1 x PC/Notebook For enquiries, please contact: Software 1 x SIMTech Inventory Dr Wang Fengyu Planning System License* Tel: 9183 6579 | Email: [email protected] 1 x SIMTech Multi-objective Mr Chai Lai Sing Optimisation Engine License* Tel: 9654 8930 | Email: [email protected] 1 x Microsoft Excel 2016 * includes system set-up & configuration up to 6000 SKUs BENEFITS • New skill for development • New tools for performance analysis and optimisation • Knowledge enhancement PRODUCTIVITY EXPECTED INDICATOR IMPROVEMENT Inventory level reduction 10 - 40 per cent Planning time reduction > 50 per cent TECHNOLOGY FOR PRODUCTIVITY & DIGITAL TRANSFORMATION 22