IFS Supply Chain - Inventory Replenishment

ABOUT THIS COURSE

This is one of the courses towards gaining the IFS Certified Specialist accreditation for Consultants. It enables students to cover and prepare all of the examination specification topics for the Inventory Replenishment exam.

Target Audience

Those who need to be able to identify and state the essential decisions to be made, basic data to be created and processes involved in the setting up of Inventory Replenishment Management in support of IFS Supply Chain in IFS Applications.

Lessons

  1. Process flow
  2. Part and Part Structure
  3. Warehouse Structure
  4. Inventory Transactions
  5. Goods Receipt and Quality Inspection
  6. Additional basic data and requirements
  7. Stock Deviation
  8. Serial Tracking and Condition Codes
  9. Internal Requirements
  10. Counting
  11. Replenishment
  12. Inventory transactions and reports
  13. Inventory valuation
  14. Remote Warehouse

Objectives

By the end of this course, students will be able to:

  • Understand the process flows, and the connection of Inventory with other departments.
  • Demonstrate the part structure and the contents of the Inventory Part
  • Set-up additional basic data that is used in the inventory flows.
  • Set-up a warehouse structure
  • Handle inventory transaction, such as scrap and move parts
  • Register Purchase Order Arrivals, quality inspection and move the goods to inventory
  • Demonstrate how to set-up Dangerous Good Classification
  • Handle Stock deviations
  • Handle counting
  • Handle Inventory Planning
  • Describe basic Inventory transactions
  • Be aware of different valuation methods
  • Demonstrate how to set-up a Warehouse Structure

Prerequisites

Knowledge: Perfect understanding of inventory business processes

Courses: IFS Fundamentals

Exams: IFS Fundamentals (recommended)

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Track:

  • Consultants

Certification:

  • Specialist

Module:

  • IFS Supply Chain

Course ID:

CS90SUPINV

Duration:

2 Days

Type of Course:

  • Workshop
  • eLearning