Inventory Management & Control

Date : 12 to 13 October, 2023   Location / Mode : Bengaluru

INTRODUCTION

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