Qualifying People - Developing Future
24th Feb 2021 - Awareness program on Inventory Management | Duration: 1 Day
Inventory Management is an important function that determines the health of the supply chain as well as impacts the financial health of the balance sheet. Successful industries have robust Inventory Management Systems that maintain an optimum level of inventory satisfying the customers always without affecting the ‘figures’ of the industry.
This program deals with all the aspects of Inventory Management: Types, Benefits, various costs involved, inventory control techniques, EOQ, safety stock. ABC classification of items that helps in maintaining inventory at the optimum cost.
Participants will be able to:
Cost involved in Inventory Management
JIT inventory management
Materials executives/managers, Members from Supply chain team, Store managers & Officer, Purchase Officer & Manager, people from production planning and material planning.
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Bosnia and Herzegovina