IBM Maximo Materials, Procurement, and Contract Management Training Course

Item Master Fundamentals

• Creation and modification of item records
• Overview of recent updates in Item Master (Tr)
• Administration of item attributes, synonyms, and classifications

MRO Inventory Optimization

• Enhancements and features in Inventory (Tr)
• Stocking strategies, reorder thresholds, and economic order quantities
• Cycle counting techniques and inventory accuracy protocols

Procurement Lifecycle Oversight

• Generation and routing of purchase requisitions
• Approval and processing of purchase orders
• Monitoring order progress and vendor performance

Contract Management

• Setup of service, blanket, and warranty contracts
• Management of terms, expiry dates, and permissions
• Integration of contracts with procurement and inventory processes

Integration of Assets, Materials, and Contracts

• Association of materials with asset records
• Comprehension of CM number connections
• Oversight of parts linked to multiple CM numbers

Receiving and Invoice Handling

• Execution of material receipt transactions
• Management of Receiving Inspection Work Orders
• Processing, acceptance, and reconciliation of supplier deliveries

Routine Materials Operations

• Monitoring material availability for maintenance tasks
• Collaboration with maintenance, procurement, and warehousing teams
• Handling exceptions and resolving discrepancies

Practical Scenarios and Application

• Handling procurement and receiving cases similar to BART-style workflows
• Practical tasks involving interconnected assets, contracts, and materials
• End-to-end supply chain transaction simulations

Conclusion and Future Directions