Online Exclusive Training on ``Effective Inventory and Warehousing / Store Management" (2 Days Evening)

Last Date of Registration: September 16, 2021
Venue Online Live Google Meet

Objectives of this training:

Explain the basic concept of Inventory/Material and Warehousing/Store Management
It aims to provide participants foundational and advanced knowledge on how to tackle, resolve, and manage myriad complex problems and issues that confront of Inventory and Store Management.
The purpose of the course is to find out GAP in right Inventory and Warehousing/Store Management that ensures the best value of money thus efficiency can be obtained.
Supply the products and services to the right places in right time and satisfy the customer

Contents of training:

INVENTORY / MATERIAL MANAGEMENT:

  1. Inventory Management / Material Management
  2. Stages of Inventory
  3. Types of Inventory
  4. Financial implications of holding inventory
  5. How much inventory to hold (Pipe Line Model)
  6. Factors Affecting Inventory Policy
  7. Signs of Trouble in Inventory Management
  8. Reasons for keeping inventory
  9. The role of the Inventory Manager
  10. Inventory Operations
  11. Pareto 80/20 rule
  12. The Supply Positioning Model: Approaches to managing stock
  13. Inventory Categorization (ABC Analysis based on 80/ 20 rule)
  14. The necessity of stocktaking and Methods and Accuracy of Stocktaking
  15. EOQ model and Calculation of EOQ
  16. Danger level of materials or inventory stock and its calculation
  17. Re-order level or ordering point or ordering level and its calculation
  18. Safety stock calculation
  19. Learning Check

Warehousing/Store Management:

  1. Warehousing/ Store Management
  2. Factors influences in Warehouse design
  3. WMS (Warehouse management System)
  4. Warehouse Location
  5. Types of warehouse
  6. Ware housing costing method
  7. Principle of efficient material handling in the warehouse
  8. Main Goals of warehouse management operation
  9. Warehouse efficiency and inventory health
  10. Learning Check

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