Effective Inventory Management

Benefits of Effective Inventory Management

  • Reduction in financial and carrying cost by not keeping High Inventory level.
  • Reduction in Production Loss by in time availability of inventory.
  • Savings by proper handling, stacking and maintaining shelf life of inventory at all stages of inventory flow.
  • Saving by maintaining economical quantity levels and orders of inventory.
  • Improvement in decision making by adequate record maintenance and accurate & timely reporting.

Who Should Attend
This Course is designed for:

  • Personnel of Stores, Costing, Finance, logistics, Planning & Budgeting
  • Middle / Junior Management
  • All personnel directly or indirectly related to Inventory Management
  • Personnel who wish to pursue a carrier in the field of Supply Chain Management
  • Students (Graduate, post-graduate) who are going to start their professional carrier

Learning Objective
By the end of the course delegate will be able to:

  • Understand definition, terms, scope and importance of Inventory and its Effective  Management
  • Recognize place of “Inventory” in the Total Business cycle
  • Identify interaction of “Inventory”   with “Supply Chain Management”
  • Comprehend “Inventory planning”
  • Know “Inventory Ordering Process” with different Models
  • Manage “Inventory & its data” in Manual, Computerized and ERP environment
  • Value “Effective Inventory Management” in the profitability of the Organization
  • Assess “Critical/ Regular” Inventory items in relation to Inventory Movement thereby avoiding stock shorts and ensure effective continuous production operations

Course Techniques
This highly participative course is a practically based series of sessions using tutorials, case studies, interactive workshops, individual exercises, group activities and open forum discussions culminating with an examination

Key Contents
This One month course provides  understanding & knowledge of Effective Inventory Management.

  • Understanding of “Effective Inventory Management” with Tools for implementation and improvement of the existing System in delegate’s organization
  • Inventory Management Tools and Skills
  • Inventory Management Methods including Policies, Procedures, Process flow Charts and Records.
  • Activities of different departments involve in Effective Inventory Management
  • Team Leading

For IN-HOUSE COURSES / Course on your desire date and any further details contact Training Co-ordinator at our office or mobile:0092-0334-3417453 for Oman 0096892574164