Reduce the working capital tied up in material requirements planning without creating stock-outs.
Material Requirements Planning and Zero-Inventory Management
A practical programme in material requirements planning for professionals who are accountable for results, not just awareness.
Course Overview
Inventory tied up in material requirements planning is capital the organisation cannot use elsewhere. Most procurement disputes about the procurement and supply operations capability originate in a specification written too quickly. The course gives participants a defensible structure for this aspect of procurement and supply operations and the judgement to adapt it. The method assumes participants will be challenged on their handling of material requirements planning and prepares them for it. Across sectors, teams that rehearse this strand of procurement and supply operations outperform teams that only plan it. The version of this aspect of procurement and supply operations described in the manual and the version practised on the floor tend to diverge over time. Participants develop a defensible line of reasoning for the choices they make about material requirements planning. The programme suits teams tackling the practice within procurement and supply operations together as readily as individuals attending alone. The course ends by identifying what the participant will stop doing to make this strand of procurement and supply operations sustainable.
Expected Learning Outcomes
Design a practical operating method for material requirements planning that fits the organisation's size and maturity.
Estimate what material requirements planning costs to run properly, and what is lost when it is not.
Apply sustainability and ethical sourcing criteria to material requirements planning.
Establish escalation routes for material requirements planning that work outside normal hours.
Prepare the audit trail for every award decision under material requirements planning.
Assess continuity risk in material requirements planning and build a proportionate mitigation.
Who Should Attend
Internal auditors examining controls over material requirements planning.
Business partners who must understand material requirements planning well enough to challenge it.
Operations staff who encounter the consequences of material requirements planning directly.
Warehouse and stores managers operating material requirements planning.
Inventory controllers managing stock within material requirements planning.
Supplier relationship managers developing partners in material requirements planning.
Course Modules
Material requirements planning: measurement, savings validation and reporting
2 sessions · 8 pointsSession 1The single point of failure inside material requirements planning
- Set the stock count cycle for material requirements planning and act on discrepancies.
- Confirm that those complying with material requirements planning understand why it exists.
- Remove steps in material requirements planning that add effort without adding assurance.
- Assess supplier financial health for critical elements of material requirements planning.
Session 2Documentation and customs treatment for material requirements planning
- Map the physical flow of material requirements planning through receiving, storage and dispatch.
- Identify the data already collected that bears on material requirements planning.
- Verify segregation between requisition, approval and receipt in material requirements planning.
- Agree the indicators that will show whether material requirements planning is improving.
Material requirements planning: supplier performance and relationship management
2 sessions · 8 pointsSession 1Comparing material requirements planning with recognised practice
- Check the delivery terms and customs classification applied to material requirements planning.
- Review the audit trail for the last three award decisions on material requirements planning.
- Validate claimed savings on material requirements planning against actual invoiced spend.
- Build the internal briefing that explains material requirements planning to those affected.
Session 2Reviewing material requirements planning when nothing has gone wrong
- Evaluate material requirements planning on total cost of ownership across the full life.
- Decide what will be stopped to create capacity for material requirements planning.
- Rehearse the briefing on material requirements planning that would follow an incident.
- Negotiate payment terms on material requirements planning without pushing suppliers into distress.
Material requirements planning: continuity, risk and single points of failure
2 sessions · 8 pointsSession 1Making supplier performance on material requirements planning mean something
- Check that records of material requirements planning answer the questions likely to be asked.
- Map the handovers in material requirements planning between functions and secure them.
- Draft the minimum viable sourcing procedure for material requirements planning.
- Write the specification for material requirements planning so two suppliers would price it the same way.
Session 2The paperwork for material requirements planning that is actually needed
- Define measurable service levels in the contract covering material requirements planning.
- Review whether inventory policy on material requirements planning still matches actual demand.
- Set out the decisions in material requirements planning that require sign-off and by whom.
- Establish the boundary of material requirements planning and record what sits outside it.
Material requirements planning: specification, requirement and demand
2 sessions · 8 pointsSession 1Evaluating suppliers on material requirements planning beyond the lowest number
- Confirm traceability from supplier to point of use for material requirements planning.
- Record the rationale for each significant choice made about material requirements planning.
- Anticipate the objections material requirements planning will raise and prepare the answers.
- Build the competence framework that supports material requirements planning.
Session 2Contract terms on material requirements planning that survive execution
- Identify single-source dependencies in material requirements planning and cost the alternatives.
- Set the consequence for failing service levels on material requirements planning, and apply it.
- Set escalation thresholds for material requirements planning that work out of hours.
- Identify slow-moving and obsolete stock inside material requirements planning and decide its fate.
Choose the package that suits you
Silver Package
At least 3 people
- Workshop or Program Participation
- Airport Transfers
- Customized Badge
- Expert Mentorship (Private Sessions)
- Supervision & Secretarial Services
- Accredited Certificate of Participation
- Complete Training Kit
- Coffee Break
- Closing Ceremony
Gold Package
At least 3 people
- 5-night stay in a 5-star hotel
- Workshop or Program Participation
- Airport Transfers
- Customized Badge
- Expert Mentorship (Private Sessions)
- Supervision & Secretarial Services
- Accredited Certificate of Participation
- Complete Training Kit
- Coffee Break
- Closing Ceremony
Complete your registration
We will contact you within one business day to confirm.