Course 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)