(IITD) Presents 1 Full Day Interactive Workshop on Inventory and Stores Management

Program Background:

In today’s competitive edge, all the organizations are gearing up to meet the challenges caused by market demand. The accent is on Improving Quality and Reducing Cycle Time & Cost. One of the methods employed is “Eliminate the Unnecessary and simplify the necessary.” Stores Department & its people can contribute significantly to ensure above.

Inventory Management will help you to understand the impact of volatility on the inventory management. The workshop will build upon the base models of inventory management and develop multi-echelon inventory optimization technique.

Stores personnel play an important Role in “Flow synchronization leading to cycle time” as well as “Making Stores space available for value added work”. Store is the custodian of Inventory and a single item mismatch / loss directly affects production plan & delivery schedule. The people working in Stores must understand their Role & Responsibility as well as importance of Stores (Objective, Function, various Transactions in Stores & performance of Stores) Stores can contribute to profit, it operates effectively with Modern Trends.

Takeaway: 

On completion of this course, delegates will be able to better understand:

·         The role of inventory and stores management within the supply chain 

·         The fundamentals of an efficient stock control system 

·         How to manage, store and supply materials and inventories 

·         The requirements to run an efficient and effective stores operation

Contents:

Inventory Management:         

·         Introduction

·         Why inventory control?

·         How to install inventory control system?

·         ABC/ VED/FSN analysis

·         Economic lot size

·         EOQ in practice

·         Replenishment systems

·         Modern trends

Stores Management:

·         Introduction

·         Functions of scientific stores management

·         Types of stores

·         Benefits of scientific stores keeping

·         Typical Store layout

·         Preservation of stores

·         Security of stores

·         Procedures for receiving & issuing of materials

·         Stock taking

·         Modern trends

Who should attend?

This workshop will benefit executives, managers operating in the manufacturing, retail, and distribution and services industries, specifically with the following job responsibilities:

·         Stores Management

·         Warehouse Management

·         Logistics

·         Operations

·         Dispatch & Receiving

·         Order & Fulfillment

·         Stock Control

·         Supply Chain Management

·         Distribution

·         Materials Management

·         Freight Management

·         Inventory Management

·         Manufacturing

Testimonials:

·         Mr. Marshall Joseph, ACG Pharmapack Pvt. Ltd.

Ø  We came across many aspects where we are not focussing on the factors responsible for excess inventory. We learned many new methods where we can control the inventory, need to apply this in daily process.

·         Mr. Kamlesh Jadhav, ABS Electroplaters (I) Pvt. Ltd.

Ø  This workshop will help a lot in implementing the inventory techniques in our organisation.

·         Mr. Amol Gawali, Mahindra Logistics Ltd.

Ø  We learned about how to controlling inventory and how to reduce inventory effectively without production breakdown.

·         Mr. Rahul Khadtare, Potain India Pvt. Ltd.

Ø  This session was very good. It will help us implement different techniques related to inventory and stores management in our company.

IITD Expert Faculty:

·         M.Tech. (Industrial Engineering)—National Institute for Training in Industrial Engineering, (NITIE), Mumbai, B.E. (Mechanical Engineering) - College of Engineering, Pune.

·         Worked as General Manager- Operations and General Manager-Corporate Quality & Business Development at Sheet Metal Pressing division of Mahindra Ugine Steel Company (MUSCO Stampings), Pune

·         30 years of experience in all areas of Operations & Quality Management with world class companies like Mahindra & Mahindra group, SKF (India) and Guest Keen Williams Ltd

·         Worked as senior consultant with UBF-B, a German Consulting firm to assist Volkswagen, India in their programme of supplier up-gradation Currently working as independent Management Consultant and guiding organisations in quality & productivity area

·         Certified Internal Auditor for Supplier Process Audits as per VDA 6.3

·         Works as Corporate trainer in quality and productivity management techniques in India and abroad

·         Teaching experience at MBA level with reputed business institutes in Pune, India

·         He has undertaken international corporate training assignments in Egypt, Qatar and Bangladesh on Japanese management techniques

Medium: English, Hindi, Marathi.