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We're here to help you find itOverview of Asset Management in Supply Chain Course
Our Asset Management in Supply Chain course provides comprehensive training on Whole Life Asset Management [L4M7]. Designed for professionals with over 2+ years of relevant experience, this 60-hour program develops the technical skills and knowledge that employers demand. No formal entry requirements make it accessible to those with a basic understanding of supply chains.
Learning Objectives:
- Understand methods for Storage and movement of inventory.
- Explore principles of Inventory Control and warehousing.
- Grasp the concept of Total cost of ownership.
Practical Applications:
Participants will learn to efficiently manage inventory through Product coding and automated systems, implement effective Warehouse designs and layouts, and apply cost-saving strategies while maintaining service levels.
Elevate your supply chain expertise with practical skills in effective asset management.
Purchase This Course
♱ Excluding VAT/GST
You can request classroom training in any city on any date by Requesting More Information
♱ Excluding VAT/GST
You can request classroom training in any city on any date by Requesting More Information
To ensure a smooth and successful learning experience in the Asset Management in Supply Chain course, the following minimum prerequisites are recommended:
Basic Understanding of Supply Chain Operations:
Professional Experience:
Technical Proficiency:
No Formal Entry Requirements:
These prerequisites ensure that you will have the foundational knowledge needed to effectively engage with the course material and achieve your learning objectives.
The Whole Life Asset Management [L4M7] course by Koenig Solutions equips professionals with critical technical skills, knowledge, and competencies in asset management within supply chains, targeting individuals with over 2 years of business experience.
The Whole Life Asset Management [L4M7] course is designed for professionals with over 2 years of business experience, focusing on comprehensive asset management within supply chains. It covers inventory management, warehouse design, and total cost of ownership.
Warehouse and Stores Design Principles
Understand the factors, principles, and impacts related to the design and location of warehouses and stores, including space utilization and flexibility.
Inventory Product Coding Systems
Explain and differentiate various product coding systems such as bar coding, RFID, and order tracking technologies.
Impact of Warehouse Equipment
Contrast the use and impact of different warehousing equipment, including materials handling, palletization, packing, and packaging.
Inventory Classifications
Differentiate between various inventory types, including opening stock, safety stock, work in progress, obsolescent stock, and ABC classifications.
Inventory Holding Costs
Identify and explain the direct and indirect costs associated with holding inventory and explore options to reduce these costs while maintaining service levels.
Inventory Control Techniques
Identify and apply inventory control techniques including MRP, MRPII, ERP, just-in-time, and lean methodologies, along with performance
Storage and movement of inventory involve organizing and transporting goods within a business to optimize efficiency and reduce costs. Inventory management software helps track these assets accurately, ensuring they are stored correctly and moved efficiently. Asset management software, including Maximo asset management, streamlines these processes by providing tools for monitoring asset conditions, scheduling maintenance, and managing asset life cycles. An asset tracking system further enhances this by providing real-time data on the location and status of each item, supporting better decision-making and operational workflows in inventory management.
Total cost of ownership (TCO) in asset management refers to the comprehensive calculation of all costs associated with purchasing, implementing, and operating an asset over its entire lifespan. This includes upfront costs, operational expenses, maintenance, and sometimes disposal costs. When using asset management software, such as Maximo asset management, it enables organizations to monitor and control these costs efficiently. By leveraging features from software asset management, asset tracking systems, and inventory management software, businesses can better forecast expenses, reduce wastage, and optimize the financial performance of their assets.
Product coding and automated systems streamline managing and tracking items in various industries. By assignnig unique codes to products, tracking through systems like inventory management software becomes efficient. Automated systems, using asset management software, enhance this process by reducing manual errors and speeding up operations. Technologies such as Maximo asset management system integrate asset and inventory data for real-time insights. This makes maintenance scheduling and asset tracking system applications more effective, ensuring all assets are properly accounted for and maintained throughout their lifecycle, improving both operational efficiency and asset utilization.
Warehouse designs and layouts refer to the systematic arrangement of resources within a storage facility to optimize space and improve operational efficiency. Effective layouts support streamlined inventory management, facilitate quick access to goods, and enhance worker safety. Incorporating tools like inventory management software and asset tracking systems can significantly improve inventory accuracy and asset utilization. Proper layout planning also considers factors such as the type of goods stored, the volume of traffic in the warehouse, and compliance with safety regulations. Overall, a well-designed warehouse layout is crucial for maximizing productivity and managing resources effectively.
The Whole Life Asset Management [L4M7] course by Koenig Solutions equips professionals with critical technical skills, knowledge, and competencies in asset management within supply chains, targeting individuals with over 2 years of business experience.
The Whole Life Asset Management [L4M7] course is designed for professionals with over 2 years of business experience, focusing on comprehensive asset management within supply chains. It covers inventory management, warehouse design, and total cost of ownership.
Warehouse and Stores Design Principles
Understand the factors, principles, and impacts related to the design and location of warehouses and stores, including space utilization and flexibility.
Inventory Product Coding Systems
Explain and differentiate various product coding systems such as bar coding, RFID, and order tracking technologies.
Impact of Warehouse Equipment
Contrast the use and impact of different warehousing equipment, including materials handling, palletization, packing, and packaging.
Inventory Classifications
Differentiate between various inventory types, including opening stock, safety stock, work in progress, obsolescent stock, and ABC classifications.
Inventory Holding Costs
Identify and explain the direct and indirect costs associated with holding inventory and explore options to reduce these costs while maintaining service levels.
Inventory Control Techniques
Identify and apply inventory control techniques including MRP, MRPII, ERP, just-in-time, and lean methodologies, along with performance
