In any manufacturing organization material costs form approximately 50% of the cost. If you add the value addition done during the course of manufacturing, it may go up to as high as 70%. It also consumes a very significant portion of the working capital.   At the same time, not having enough inventory may cause production loss.  Hence, Inventory Management is a very important requirement of the industry that needs to be understood, practiced and mastered.  The way we order, manage and convert input materials in to finished product has enormous impact on the performance of the organization. In this session, we discuss about some of the important tools and techniques that can be used across the organization so that we become an efficient organization and we become more professional in approach.

The training strives to give better understanding of terms, methods, measurement and Improvement of Inventory.

Target functions: Purchase, PPC, Stores, Production, Maintenance

The program shall be delivered by Mr. Shashiprakasha L S

Mr. Shashiprakasha L S is a Mechanical Engineer & MBA with 40 years of experience in all manufacturing functions – across Automotive, Non-Automotive (Precision Engineering, Heavy Engineering, Capital Equipment Polymer Industries). He has been a Lean Practitioner since the year 2000. He has worked as COO & CEO in multiple organizations including MNCs and reputed Indian companies, for over a decade.

Having implemented Lean and ToC techniques across different Industries, he was featured in Business Today for effecting turnaround from a very difficult industry and was called ‘Josh Machine’. He has authored a book titled – ‘A Journey from Impossible to I’m Possible’ which has been received well.  He is a good orator and has a penchant for teaching concepts through stories and anecdotes.