Effective Materials Management

Professional and management personnel who have responsibility for, materials, spare parts and supplies needed to support any refinery, gas plant, onshore/offshore production or other industry operations. 

•    Setting comprehensive inventory goals & objectives
•    Understanding carrying costs and economic order quantity theory
•    Improving Material identification and coding
•    Segmenting inventory for analysis
•    Using formal procedures for making the decision to stock
•    Determining safety stock levels and order points
•    Improving Min/max systems and settings
•    Understanding and using material forecasts
•    Establishing a warehouse scorecard
•    Creating best practices in the physical control of materials
•    Measuring record accuracy and improving cycle counting systems
•    Increasing the use of warehouse technologies
•    Improving warehouse safety and security
•    Setting up an investment recovery program
•    Preventing and reducing surplus materials
•    Understanding Investment recovery techniques
•    Using the disposition value chain for investment recovery