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:
Inventory Management:
Introduction
Why inventory control?
How to install an inventory control system?
ABC/ VED/FSN analysis
Economic lot size
EOQ in practice
Replenishment systems
Modern trends

Stores Management:
Introduction
Functions of scientific stores management
Types of stores
Benefits of scientific stores keeping
Typical Store layout
Preservation of stores
Security of stores
Procedures for receiving & issuing of materials
Stock taking
Modern trends

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.

Medium: English/ Hindi

Fees and Registration:
Rs. 3,000 + GST 18% per person.
Rs. 2,800 + GST 18% per person for a group of Three to Four participants.
Rs. 2,600 + GST 18% per person for a group of Five or more participants.
Kindly provide details for registration to Email: iitdpune@gmail.com & rajiv@iitdworld.com; Name of the Program, name of the participants, company name, GST no., contact details.

Certification:
Digital Certificate of Participation will be provided to all the participants.