Program Background:
In today’s competitive edge, all the organizations are gearing up to meet the challenges caused by market demand. The accent is on Improving Quality and Reducing Cycle Time & Cost. One of the methods employed is “Eliminate the Unnecessary and simplify the necessary”. The Stores Department & its people can contribute significantly to ensure the above.
Inventory Management will help you to understand the impact of volatility on inventory management. The workshop will build upon the base models of inventory management and develop multi-echelon inventory optimization techniques.
Store personnel play an important Role in “Flow synchronization leading to cycle time” as well as “Making Stores space available for value added work”. Store is the custodian of Inventory and a single item mismatch / loss directly affects production plan & delivery schedule. The people working in Stores must understand their Role & Responsibility as well as importance of Stores (Objective, Function, various Transactions in Stores & performance of Stores) Stores can contribute to profit, it operates effectively with Modern Trends.
Takeaway:
On completion of this course, delegates will be able to better understand:
The role of inventory and stores management within the supply chain
The fundamentals of an efficient stock control system
How to manage, store and supply materials and inventories
The requirements to run an efficient and effective stores operation
Contents:
Current business situation
Importance of Supply Chain
Objectives of Supply Chain
Meaning of inventory
Importance of Inventory
Why inventory
Types of inventory
Costs related to inventory and EOQ concept
Various inventory control techniques
Importance of Stores
Types of stores
Role of stores
Improvements in stores
Use of technology in Stores.
Conclusion
Q & A
Who should attend?
This workshop will benefit executives, managers operating in the manufacturing, retail, and distribution and services industries, specifically with the following job responsibilities: Stores Management, Warehouse Management, Logistics, Operations, Dispatch & Receiving, Order & Fulfilment, Stock Control, Supply Chain Management, Distribution, Materials Management, Freight Management, Inventory Management and Manufacturing.
IITD Sr. Expert Faculty:
Highly experienced faculty from Indian Institute of Training & Development will conduct this training program. The training sessions will provide participants an opportunity to discuss specific problems with the expert faculty.
Medium: English/ Hindi/ Marathi
Fees & Registration Details:
Rs. 2,800 + GST 18% per person.
Rs. 2,600 + GST 18% per person for a group of Three to Four participants.
Rs. 2,400 + GST 18% per person for a group of Five or More participants.
Kindly provide the details of registration on email: iitdpune@gmail.com &/or rajiv@iitdworld.com
For registration, please provide us the following information:
Name of the program:
Name of the participant(s):
Participants email id for sending venue details:
Name of the company:
GST number:
Certification: Participation certificate will be provided to all the participants.