Inventory Management

Understanding

The task of inventory management is to create a balance between supply reliability, capital lockup and costs. Depending on the strategic orientation of a company, the target figures have a different importance, so under holistic assessment, inventory management has to provide different answers to the question of the ‘right’ stock level, depending on the situation. While in one case the integration of a supplier to build a stockless supply management can be expedient, in another case a realisation of a multilevel storage concept can be ideal.

Courses

• Workshops on inventory management (deepening for example: valuation of stocks, analysis of reasons for ‘false’ stocks, concepts to design procurement logistics, material disposition and supplier integration)
• Stock analysis and disposition simulation
• Simulation games (SUSI/Beergame)
• Planning of supply concepts (JIT, Kanban, VMI, consignment stock etc.)

Experience

• Analysis of stock management for a manufacturer of ship supplies
• Analysis of materials planning processes for a company in the optoelectrical industry
• Stock analyses
• Company simulations/simulation games

Selected theses

• IT-supported joint forecasting as method of demand forecast optimisation
• ABC-analysis of the fast mover range at … GmbH
• Quality in logistics – meaning and measurement of customer-oriented delivery liability
• Development of a systematic strategy for long-term stock inventory reduction at the example of a mechanical engineering company
• Weak point analysis to optimise the stocks of … KG
• Possibilities and potentials to optimise purchasing through automation of procurement processes using the example of … AG

Contact partners

• Prof. Dr. Peter Franke
• Prof. Dr. Klaus Dieter Lorenzen