“Supply Chain is like nature, it is all around us.” - Dave Waters
BSC-127 Inventory Planning & Material Control Management
Schedule and Hours
Effective inventory planning and material control management are crucial components of any successful supply chain. They ensure that organizations have the right amount of inventory at the right time to meet customer demands while minimizing costs and inefficiencies.
In today's competitive business landscape, the efficient management of inventory is pivotal for success. High inventory levels can drain resources, tie up capital, and hinder agility. To maintain a competitive edge, organizations must embrace innovative techniques that enhance inventory movement and efficiency while simultaneously minimizing manufacturing and holding costs.
This training program addresses the need for improved inventory management and offers insights into key strategies for achieving these goals. This workshop enables participants to:
Avoid losses and optimise savings.
Determine Economic Order Quantities (EOQ).
Dispose surplus and maximise profits for the organisation.
Make effective provisioning with proper stock records and control.
Minimise overheads and high holding costs.
Introduction to Inventory Management
Duties and Responsibilities of an Inventory / Material Controller
Types of Inventory Control Systems
Classification of Inventories
Inventory Record Accuracy
Inventory Control Analysis
Inventory Best Practices
Relationship Between Inventory/Materials Management & Stores/Warehouse
Newly appointed as well as experienced supervisors
Plant, inventory, and materials Executives, Assistants
Physical distribution and other management personnel
Store and shipping supervisors
Purchasing, Procurement and Supply Chain Executives, Assistants
This is a 2-days programme. This course runs from 9:00am – 5:00pm with an hour for lunch and periodic short breaks.
This is an intensive session designed to include as much discussion as possible. Lunch and breaks provide an opportunity for further questioning and discussion with the instructors.
We are HRD Corp (Human Resource Development Corporation) Registered Training Provider. All of our training modules are claimable under HRD Corp.