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Store & inventory management

supervisionCourse Objective

  • Familiarise with various theory & concepts of Stores and Inventory Management including Physical Inventory checks; priorities and role in Business Consolidation
  • Equip with the application know-how including latest developments in Stores & Inventory Management such as  Just In Time (JIT) logistics, Lean principles, Kanban, Kaizen, 5S, Toyota storage principles & techniques
  • Develop key decision-making acumen with the spirit of Kaizen (Continuous Improvement) for effective & efficient management of functions/resources such as Inventory planning, storage and logistics; in other words the flow of materials influencing product & process design in business

Course Content

  • Objectives and Priorities of Stores Management
  • Stores Management processes from Receiving to Shipping for Effectiveness
  • Stores Layout and Location Management
  • Physical Inventory Checks – Methods, Frequency, Benefits
  • Inventory Management principles, Inventory types, functions, costs, classifications, and Control
  • Safety stock Vs Service level, EOQ, Inventory Planning Models (Q & P type)
  • Distribution Inventory Systems
  • Just In Time Logistics (Push Vs Pull systems)
  • Impact of Lean principles on Stores and Inventory Management

Who Will Benefit From The Course?

  • Anyone

The Training Methodology

  • Participatory (Group Discussions, Games, Case   Studies)
  • Experiential (Film-based sessions, group activities)
  • Cognitive (sessions using Psychology, Philosophy, Neuroscience & Popular Culture)

Duration 3 To 4 Hours