IBM Maximo Materials, Procurement, and Contract Management Training Course

Item Master Fundamentals

• Creation and modification of item records
• Exploring new features and updates in Item Master (Tr)
• Administration of item attributes, synonyms, and classifications

MRO Inventory Optimization

• Reviewing enhancements and capabilities in Inventory (Tr)
• Implementation of stocking policies, reorder points, and economic order quantities
• Practices for cycle counting and ensuring inventory accuracy

Procurement Lifecycle Management

• Initiating and routing purchase requisitions
• Processing and approving purchase orders
• Monitoring order status and evaluating supplier performance

Contract Administration

• Setup and management of service, blanket, and warranty contracts
• Oversight of terms, expirations, and authorizations
• Integration of contracts with procurement and inventory workflows

Asset, Material, and Contract Integration

• Associating materials with asset records
• Comprehending CM number relationships
• Managing parts linked to multiple CM numbers

Receiving and Invoicing Procedures

• Execution of material receiving transactions
• Management of Receiving Inspection Work Orders
• Processing of supplier shipments including rejection, acceptance, and reconciliation

Daily Materials Management Operations

• Monitoring item availability for maintenance activities
• Coordination across maintenance, procurement, and warehousing teams
• Handling exceptions and resolving discrepancies

Applied Scenarios and Practical Application

• Processing BART-style procurement and receiving scenarios
• Hands-on exercises involving linked assets, contracts, and materials
• Execution of realistic end-to-end transactions across the supply chain

Wrap-up and Future Directions