An Introduction to Material Management

Although material management is normally a Supply Chain responsibility (and a source of frustration for Engineering), this course explains the principles and key concepts of material management that engineers need to understand. It also addresses the important role that Engineering plays in the effectiveness of material management, eg long-term resource planning, clear material specifications, spare part criticality analysis, warranty management, and rotables, and explains the negative impact that squirrel stores and “free text purchases” have on the effectiveness of material management. It gives some guidelines on stock optimization, as well as useful KPIs that can be used for material management.

Duration: 2.5 hours