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Inventory Management for Smart Manufacturing & Services* (40 HOURS)

Data Analytics Driven Inventory Planning

*This is a non-WSQ module.

This course is being revamped and to be integrated with the previous WSQ Inventory Management course.

INTRODUCTION

Inventory planning is a process involving inventory performance analysis & planning, and purchase decision-making; by reaching right-sized inventory through the process, the organisation will be able to mitigate inventory risk in short term and maximise inventory performance in mid-term and/or long-term. As a direct result, the organisation can satisfy demand at low inventory cost.

about the programme

The digitalisation journey to Industry 4.0 is fundamentally transforming the traditionally siloed supply chains into integrated digital supply networks, in which supply and demand signals are originated at any point and travel immediately throughout the supply networks making data analytics a powerful tool in inventory planning.

Our Immersive and Hands-on Analytics Approach

Competence Development
This programme is to train participants in inventory planning knowledge and principles, and equip them with skills and tools that are required in inventory performance analysis and planning.

Harvesting the Low Hanging Fruit
Reaching right-sized inventory by applying the knowledge and skills learned through the course is a low hanging fruit that company can achieve in the early stage of the digitalisation journey. Meanwhile, the course will pave the way for continuous inventory performance improvement in the journey to Industry 4.0.

Who Should Attend

The programme is relevant for business owners, CEOs, directors, senior managers, and professionals who are in the areas of supply chain management, planning, purchasing and sourcing, inventory and material control, and sales & operation planning.

outline_Inventory Management for Smart Manufacturing and Services

Course Outline

The programme engages the Learn-Practise-Implement™ (LPI™) pedagogy, through which fundamental knowledge and principles taught will be reinforced in practice, as well as during the implementation process using real business scenario and data.

Key Topics cover:

Just-in-time Inventory Replenishment
Problems Understanding
Planning Approaches & Principles
Inventory Planning Framework
Risk Analysis for SKU Segments

Inventory Policy Development
Purchase Request Generation
Performance Measurements & Planning
Inventory Performance Optimisation

UPON COMPLETION OF THIS COURSE

Participants will be awarded with a Certificate of Attendance (COA) by SIMTech and/or ARTC if they meet the following criteria:

Achieve at least 75% course attendance;
Take all assessments; and
Pass the course.

Note: Trainees will have to bear the full courses fee upon failure to meet either one of the criteria.

Pre-Requisites

Applicants should possess a degree in any discipline or a diploma with a minimum of 3 years of related working experience.
Applicants who do not have the required academic qualifications are still welcome to apply, but shortlisted candidates may be required to attend an interview for special approval.
Proficiency in written and spoken English.

Full Course Fee

The full course fee for this module is $4,000 before funding and prevailing GST.

Nett Course Fee

International Participants	Singapore Citizens aged 39 years and below, Singapore Permanent Residents and LTVP+ Holders	Employer-sponsored and self-sponsored Singapore Citizens aged 40 years and above (MCES) ²	SME-sponsored local employees (i.e Singapore Citizens, Singapore Permanent Residents and LTVP+ Holders) (ETSS) ¹
$4,360	$1,308	$508	$508

All fees are inclusive of GST 9%.

Please note that fees and funding amount are subject to change.

Long Term Visit Pass Plus (LTVP+) Holders

The LTVP+ scheme applies to lawful foreign spouses of Singapore Citizens with (i) at least one Singapore Citizen child or are expecting one from the marriage, or at least three years of marriage, and (ii) where the Singapore Citizen sponsor is able to support the family.

All LTVP+ holders can be identified with their green visit pass cards, with the word ‘PLUS’ printed on the back of the card.

¹ Under the Enhanced Training Support for Small & Medium Enterprises (SMEs) scheme (ETSS), subject to eligibility criteria shown below.

SMEs that meet all of the following eligibility criteria:

Registered or incorporated in Singapore
Employment size of not more than 200 or with annual sales turnover of not more than $100 million

SME-sponsored Trainees:

Must be Singapore Citizens or Singapore Permanent Residents.
Courses have to be fully paid for by the employer.
Trainee is not a full-time national serviceman.

Further Info: This scheme is intended for all organisations, including non-business entities not registered with ACRA e.g. VWOs, societies, etc. Only ministries, statutory boards, and other government agencies are NOT eligible under Enhanced Training Support for SMEs Scheme. Sole proprietorships which meet all of the above criteria are also eligible.

² Under the SkillsFuture Mid-Career Enhanced Subsidy (MCES) for employer-sponsored and self-sponsored Singapore Citizens aged 40 years old and above.

Singaporeans aged 25 years old and above are eligible for SkillsFuture Credit which can be used to offset course fees (for self-sponsored registrations only).

For more information on the SkillsFuture funding schemes you are eligible for, please visit www.skillsfuture.gov.sg

How course fees are calculated

TYPE	CATEGORY OF INDIVIDUALS
	International Participants	Singapore Citizens aged 39 years and below, Singapore Permanent Residents and LTVP+ Holders	Employer-sponsored and self-sponsored Singapore Citizens aged 40 years and above	SME-sponsored local employees (i.e Singapore Citizens, Singapore Permanent Residents and LTVP+ Holders)
	FUNDING SOURCE
	Not applicable for SkillsFuture Funding	SkillsFuture Funding (Baseline)	SkillsFuture Mid-career Enhanced Subsidy (MCES) ²	SkillsFuture Enhanced Training Support for SMEs (ETSS) ¹
Full Course Fee	$4,000	$4,000	$4,000	$4,000
SkillsFuture Funding	Not Applicable	($2,800)	($3,600)	($3,600)
Nett Course Fee	$4,000	$1,200	$400	$400
GST 9%	$360	$108*	$108*	$108*
Total Nett Course Fee Payable to Training Provider	$4,360	$1,308	$508	$508

* Based on 30% of Full Course Fee

Contact Us

For technical enquiries, please contact:

Ms YAN Wenjing
Email: wjyan@SIMTech.a-star.edu.sg

For general enquiries, please contact:

Knowledge Transfer Office,
Email: KTO-enquiry@SIMTech.a-star.edu.sg

Registration

Please register for this course through our Course Registration Form for Public Classes.
For the first question, please select Qn1: Modular Programmes
Applicants will be placed on our waiting list if the course does not have an upcoming scheduled intake.
Once the next intake is confirmed to commence, SIMTech will contact the applicants to share the class information.

Collateral

Download brochure

Schedule

Module	Skills Course Reference Number	Training Period (Click on dates to view schedule)	Registration Status
Inventory Management for Smart Manufacturing and Services (40 hours)	TGS-2020503175	5 Jul 2024 - 13 Sep 2024	SIGN UP Now

Note: SIMTech and ARTC reserve the right to change the class/schedule/course fee or any details about the course without prior notice to the participants.

Announcement:

From 1 Oct 2023, attendance-taking for SkillsFuture Singapore (SSG)'s funded courses must be done digitally via the Singpass App. More information may be viewed here.

Sessions

: Full day