0093-inventory-management-training

Awareness Training Program on Inventory Management

Face-to-face Training1 DayBeginner
  • Understand Key concepts in Inventory Management System
  • Impart/enhance practical skills to become an expert in Inventory Management
  • Plan, conduct & manage Inventory within the organisation
  • Design and operate inventory control as per the need of their industry

Inventory management is an essential function that determines the supply chain's health and impacts the balance sheet's financial health. Successful industries have robust Inventory Management Systems that maintain an optimum inventory level, always satisfying the customers without affecting the 'figures' of the industry.

This program deals with Inventory Management aspects: Types, Benefits, various costs involved, inventory control techniques, EOQ, and safety stock. ABC classification of items that helps in maintaining inventory at the optimum cost.

Introduction

  • What is inventory?
  • Types of Inventory Management
  • How to calculate ITR
  • TAKT time
  • Lead time
  • Cycle time

Cost involved in Inventory Management

  • Material cost
  • Carrying cost
  • Ordering cost
  • Stock out cost
  • Inventory cycle
  • EOQ, Re-order point
  • Safety stock

JIT inventory management

  • What is Just in time
  • VSM
  • When to place an order?
  • Periodic inventory
  • Perpetual inventory
  • Cycle counting
  • Advantages of JIT

Inventory controls

  • Types of methods for inventory control
  • ABC analysis
  • VED analysis
  • FSN analysis
  • Vendor managed Inventory

Materials executives/managers, Members from Supply chain team, Store managers & Officer, Purchase Officer & Manager, people from production planning and material planning.

  • Understand Key concepts in Inventory Management System
  • Impart/enhance practical skills to become an expert in Inventory Management
  • Plan, conduct & manage Inventory within the organisation
  • Design and operate inventory control as per the need of their industry

1. When can I get the certificate?
Awareness Training Program on Inventory Management certification will be issued within 21 working days from the examination date.

2. When can I get the training material and invite?
One day before the commencement of the training program.

3. How do I pay the fees for training and examination?
Online mode

4. What are the benefits of the Awareness Training Program on Inventory Management?

  • Understand Key concepts in Inventory Management System
  • Impart/enhance practical skills to become an expert in Inventory Management
  • Plan, conduct & manage Inventory within the organization
  • Design and operate inventory control as per the need of their industry

5. Is there any refund policy for the paid fees?
Please refer to Cancellation and Refund policy page.

Net Price (excl. GST)
₹ 8,000.00
infoWe accept major credit cards, debit cards and UPI. EMI options are also available from major banks*


Currently there are no events bookable.

Request availability

Recently Viewed

View All