Brief Overview:

Everyone is keen to improve the productivity and profitability of an organisation by focussing on the areas they are comfortable and familiar . To be successful, one must identify which areas when focussed will give the maximum results with minimum strain. Many MSMEs and even large Corporates fail to realise that the Supply Chain area gives the opportunity to make or mar any company since the major spends even to the extent of 70% is from the SCM arena. Any successful organisation therefore has started focussing on this key area of SCM. Inventory Management is one of the key areas of SCM and time and energy spent on properly identifying and Managing the Inventory is the key to quick success. This workshop will cover various vital practical ways to identify the importance of maintaining the right Inventory levels. Also Inventory is another form of Money and maintaining the right level of Materials will also help in managing the organisational resources effectively and improve Customer satisfaction.

Session content:

• • Identify the different types of Inventory Viz. RM, FG, WIP, Transit etc.,
  • Need for effective Inventory Management.
  • Various Costs associated with Inventory.
  • Elements of Inventory Management, reorder point, safety stock, EOQ.
  • ABC, VED, FSN classifications of materials.
  • Implication of excess and unmatched Inventories on the business.

For Whom:

• • Operational Heads.
  • Supply Chain Professionals.
  • Stores & Logistics Personnel.
  • Financial Controllers.
  • Consultants.

Key Takeaways:

At the end of the program the participants will be able to:

• To be aware of the various types of Inventory classifications.
• To apply Management techniques for effective control of the right mix of Inventories.
• To understand the importance of Inventory Management and using the same for effective organizational efficiency.
• To play a crucial role in budgeting and planning

Facilitator profile:

Mr. N Swayambhu, SCM Consultant, has experience of over three decades in SCM functions in Corporate Manufacturing Industries and has trained many SCM Professionals to effectively Manage and optimize their Vendor Base. He is a Mechanical Engineer from Guindy Engineering and has done Post Graduate Diploma in Materials Management. Has been a guide to several students of SCM Courses and also supported Doctoral research in SCM. Has hands-on experience in working with Corporates and MSMEs to identify their weak areas and help in bridging the same for overall improvement. He is the Former Hony. Chairman of Indian Institute of Materials Management and has conducted several workshops for Management forums like IIMM, MMA, CII etc.

Fee Details:

• Fee's Details
• Member amount : Rs 767.00- (Including 18%GST)
• Non Member amount : Rs 767.00- (Including 18%GST)
• Total Member count : 100