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  4. Inventory Management

Course Objectives

  • To enable delegates understand Key concepts in Inventory Management System
  • To impart/enhance practical skills to become expert in Inventory Management.
  • To enable the delegates to plan, conduct & manage Inventory Management in the organization. 

Prequisite

-All delegates should have reasonably good understanding on inventory management principles, concepts & basic requirements.

-Knowledge of English is essential.

Who should attend ?

  • Materials executives/managers
  • Supply Chain Management representatives
  • Purchase Team
  • SNOP and PPIC Teams. 

Course Contents

  • Introduction to Inventory Management.
  • Budgeting & forecasting process.
  • To understand the Safety Stocks in Inventory Management
  • Re-Order level?
  • Demand Fluctuation, Supplies Reliability leading to production constraints
  • Inventory Carrying Costs in Inventory Management
  • Perpetual Inventory
  • Vendor Managed Inventory

Certificate

Certificate of attendance shall be issued to all the delegates attending entire duration of the training course

Duration

2 Days

        

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