Stock Inventory and Control for Electric Utilities

Course Overview

This training session is designed to provide participants with a thorough understanding of the knowledge, skills and competency required to plan and control the inventory at the Electric Utilities and big industries. It is also important to plan the right amount of materials so as to reduce the inventory holding cost and also to provide adequate theft preventive measures. After training, participants will be in a position to apply their new skills directly to their everyday working environment. This training session is focus in Inventory Control for power utility as prototype.

Course Objective

• Reconcile contradictory aims of various departments within any utilities with regard to stock management
• Optimize inventory management by aiming for cost-reduction while minimizing risk of shortages.
• Removing excess or out-of-date stock to free up storage space;
• Assessing your utilities’ inventory management performance.

Who Should Attend?

• Inventory Staff who work in Electric Utilities
• Operation Staff who work in Electric Utilities
• Warehouse Staff who work in Electric Utilities
• Shipping Staff who work in Electric Utilities
• Buyerswho work in Electric Utilities

Course Outline

• Types of inventory and their functions
• The Supply Chain
• Inventory Management Models
• The run-down on Just-In-Time
• Inventory Costs
• Inventory Storage
• Creating Useful Inventory Forecasts
• Forecasting & Inventory Management System in Action
• New Roles for Inventory Control Personnel
• Distribution Requirements Planning (DRP)
• Stock Inventory and Control for Electric Utilities
• Assessing Inventory Management Methods

Training Methodology

• Presentation & Slides
• Audio Visual Aids
• Interactive Discussion
• Participatory Exercise
• Action Learning
• Class Activities
• Case Studies
• Workshops
• Simulation