Modern Inventory and Stores Management

To teach the best practice in modern inventory and stores management.

CONTENT

Inventory Management

- Definition

- Reason for holding stock

- Holding Cost

Stock Control and Warehouse Processes

- Setting Order Levels

- Stock Rotation and Adjustments

- House keeping

- Stock Tasking

Inventory Planning and Stock Control

- Inventory Costs

- The ABC Classification

- Value analysis

Reducing Inventory Investment

- Identification and Disposal of Surplus

- Material Requirement Planning (MRP)

- Just-in-Time (J.I.T) method

- The Min-Max system

- Economic order quantity (EOQ)

The Purchasing Function

- Basic Purchasing Process

- Supplier Evaluation

- Supply chain Management

FOR WHOM:

Stores, Purchasing and Logistics Personnel in the Public and Private Sectors.

TRAINING METHODOLOGY

The training methodology combines lectures, discussions, group exercises and illustrations. Participants will gain both theoretical and practical knowledge of the topics. The emphasis is on the practical application of the topics and as a result participant will go back to the workplace with both the ability and the confidence to apply the techniques learned to their duties.