An Interactive 5-Day Training Course

Materials Management for Engineering Projects

Materials Management for Engineering Projects

Course Overview

The management of materials in engineering projects is critical as materials are a current asset to a firm. Carrying materials comes with a certain degree of risk which is a component of the cost of carrying materials. When a company stocks items in the warehouse there is always the risk that the items may fall in real value during the period they are stored even during the period of a project. Storing excess, obsolete and miss-managed materials means a reduction in the company equity.

This training course focuses on the management of materials for projects and considers when these items should be procured in time for an effective engineering project.  The materials element is always a major element of the total spend, and can often comprise over 50% of the budget. And yet it is the element most often overlooked.  Lead time and the material life cycle are key factors in materials management.

The purpose of this GLOMACS  training course is to:

  • Understand the requirements of the project manager for effective on-time procurement
  • Enable delegates to evaluate Inventory visibility levels and segmentation approaches
  • Examine stocking level criteria through the project process
  • Current integration practices between materials management systems and asset management systems
  • Understanding that minimizing inventory holdings reduces overhead costs and, hence, improves the profitability performance of the enterprise

Training Objectives

This training course will help you learn how to:

  • Make a more comprehensive contribution to the major engineering projects
  • Improve management of inventories reaching from receiving products to storage and delivering
  • Professionally manage the inventory and supply chain and help you to reduce cost, improve customer satisfaction and ensure project success.
  • Understand the appropriate procurement and inventory methods to be applied
  • Establish more accurate forecast demands and maximize the degree of service

Training Methodology

The exciting training course will be presented by an experienced Professional who has operated successful inventory control measures.

Participants will learn by active participation during the training course through the use of exercises, questionnaires, syndicate and group discussion, training videos and practical on-hand application of inventory and stock control tools including a comprehensive manual.

Organisational Impact

  • Analyse the key areas of project operation
  • Examine the link of inventory in the company supply chain operations and activities
  • Identify and understand key performance indicators
  • Succeed in improving project operations
  • Apply the right cost and service balance
  • Assist in achieving a successful project

Personal Impact

  • Understand how capital expenditure projects are developed, planned and executed
  • Manage the organisational issues that affect procurement and supply performance within a project and the longer-term operational phase
  • Distinguish between day-to-day procurement (for maintenance and operations) and project procurement
  • Advise Project Management on the full range of project-related procurement and logistics matters, from front-end issues to closeout and surplus management
  • Recommend appropriate procurement strategies
  • Use different procurement tools and techniques for different project circumstances

Who should Attend?

This GLOMACS training course is suitable to a wide range of professionals but will greatly benefit:

  • Managers in procurement and supply roles who are responsible for liaising with major engineering projects in their company
  • Project Management Professionals who rely on the efficiency of their internal supply chain
  • Graduate Staff or others on career development programmes involving supply or project management
  • It will also benefit managers in other departments associated with major projects

Training Outline

: Materials for Engineering Projects
  • Materials Flow in the Supply Chain
  • The Basic Rules of Successful Supply Chain
  • Supply Chain and Materials Dynamics
  • Financial Management and Inventory
  • Statistics Application in Materials Control
  • The Importance of Materials Visibility
Certificates
  • On successful completion of this training course, GLOMACS Certificate will be awarded to the delegates
  • Continuing Professional Education credits (CPE) : In accordance with the standards of the National Registry of CPE Sponsor, one CPE credit is granted per 50 minutes of attendance
Accreditation

GLOMACS is registered with NASBA as a sponsor of Continuing Professional Education (CPE) on the National Registry of CPE Sponsors. NASBA have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.learningmarket.org.

All Training Seminars delivered by GLOMACS by default are eligible for CPE Credit.

Providers and Associations

Oxford Management Centre
Oxford Management Centre

A GLOMACS - Oxford Management Centre collaboration aimed at providing the best training services and benefits to our valued clients.

We currently have no scheduled session for this Course. If you are interested in running this course, please contact our Training Department click here

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