About Workshop
Material Management is a scientific technique, concerned with Planning, Organizing &Control of flow of Materials, from their initial purchase to destination. In the earlier years, Materials Management was treated as a Cost Centre, since Purchasing Department was spending money on materials while Store was holding huge inventory of materials, blocking money and space. Subsequently with the process of liberalization and opening up of global economy, there has been a drastic change in the business environment, resulting in manufacturing organizations exposed to intense competition in the market place. Manufacturers worldwide have been working out various strategies to face the above challenges and to cut down manufacturing costs by applying techniques of Material Management to remain competitive.
Inventory is a list of goods and materials, or those goods and materials themselves, held available in stock by an enterprise. An organization's Inventory can appear a mixed blessing, since it counts as an asset on the balance sheet, but it also ties up money that could serve for other purposes and requires additional expense for its protection. The multi-disciplinary competencies and capabilities of effective Material, Inventory and Store Management give enterprises a competitive advantage to succeed in today’s competitive environment. Material, Inventory and Store Management is an important management tool which will be very useful in getting the right quality & right quantity of materials at right time, and having good Inventory control. Please keep in mind, It’s easy to turn cash into inventory, but the challenge is to turn inventory into cash.
Logistics means having the right thing, at the right place, at the right time. Logistics is a relatively new word used to describe very old practices like the planning, implementing, and controlling the efficient, effective flow and storage of goods, services, and related information from point of origin to point of consumption for the purpose of conforming to customer requirements. Logistics refers to the entire process of transferring products from producer to consumer, including storage, transport, transshipment, warehousing, material-handling and packaging, with associated exchange of information.
On the other hand transportation is the movement of people and goods from one location to another. Transportation is performed by various modes, such as air, rail, road, water, cable, pipeline and space. The field can be divided into infrastructure, vehicles and operations. With increased specialization and globalization, production is being located further away from consumption, rapidly increasing the demand for transport. In this increasingly competitive global business environment, the quality of logistics and transport operations and their costs and supply chain management capability can make the difference between the success and failure of business ventures.
Today you need to reduce your company’s costs, improve your customer service quality, and increase the synchronization of activities throughout your supply chain. You need to look for cost benchmarking tools that can identify opportunities to generate savings in your transportation, warehousing, and other relevant operations. You must optimize Supply Chain Management, Freight Transportation, and Logistics Services. Boost Your Profits with the effective learning of Material, Inventory, Logistics and Transportation.
Businesses and professionals in the field of transportation, logistics, and supply chain management, import, export and manufacturing concerned and any other areas of business can grab this opportunity by acquiring proper knowledge through learning and training on Material, Inventory, Logistics and Transport Management.
Workshop topics to be covered:
Day One:
1. Introduction to Program
2. Definition and aim of Material Management (MM)
3. Four basic needs of Material Management
4. Demand Management in the context of Supply Chain Management
5. Characteristics and Types of Demand
6. Ways of Forecasting Demand
7. Material Requirement Planning (MRP)
8. Bill of Material (BOM)
9. Distribution Requirement Planning (DRP)
10. MM- Make-to-Order
11. MM- Make-to-Stock
12. MM- Assemble -to-Order
13. MM- Operational Planning and Control
14. Learning Check
Day Two:
1. Introduction to Program
2. Value Chain and Material Management
3. Main Elements in the Supply Chain Management
4. Corporate Strategy and Material Management
5. Bullwhip effect in Material/Supply Chain Management
6. Function of Material Handling Manager
7. Materials Handling and Equipment
8. Distribution Management
9. Material Management and Profitability
10. Learning Check
Day Three:
1. Make or Buy decision
2. Material Procurement: Basic Concept
3. Overview of Material Procurement Process
4. Specifying Requirement
5. Supply Market Analysis
6. Supply Strategy
7. Selection of Supplier
8. Evaluation of Offers
9. Total Cost of Ownership
10. Negotiating and Bidding Process
11. Negotiation and Non Verbal Communication
12. Learning Check
Day Four:
1. Purchasing Contract
2. Customer base of Purchasing Department
3. Purchasing Cost Savings
4. Avoidance of Cost
5. Value Analysis/Value Engineering
6. Supplier Relationship Management
7. Code of Conduct in Purchasing
8. RFQ, RFP, RFI, Outsourcing
9. Green Procurement
10. Purchasing Glossary
11. Learning Check
Day Five:
1. Introduction to program & learning objective
2. Introduction to inventory
3. Why inventory keeping is necessary
4. Types and stages of inventory
5. Inventory in Working Capital Cycle
6. Supply Chain Management & Inventory
7. Cost of not holding Inventory
8. Role of Inventory Manager
9. Lead-time management
10. How to reduce lead-time
11. Line of Balance (LOB), Vendor Managed Inventory (VMI)
12. Customer Managed Inventory(CMI), Electronic Data Interchange (EDI)
13. Business Process Reengineering (BPR), Efficient Consumer Response
14. Cross Docking Center (CDC)
15. Learning Check
Day Six:
1. Inventory planning and related issues
2. Inventory Categorization: ABC analysis
3. Inventory Categorization: 80/20 Rule
4. Inventory replenishment
5. Re-order level
6. Periodic review system
7. How much to order, EOQ (Economic Order Quantity)and related issues
8. Discounting the EOQ
9. Economic Batch Quantity (EBQ)
10. Safety Stock Calculation
11. Inventory of Perishable Items
12. Stock Keeping Unit (SKU) Inventory
13. Learning check
Day Seven:
1. Inventory Checking
2. Perpetual Inventory Checking
3. Periodical Inventory Checking
4. SKU level Inventory
5. Inventory Turnover
6. Inventory Valuation
7. Inventory and Insurance
8. Inventory Hides Underlying Problem
9. Where in the Supply Chain and How Much to Keep
10. MRO Inventory
11. TQM/JIT
12. Inventory coding
13. Learning check
Day Eight:
1. Warehouse operation
2. Why have stores?
3. How to chose store/warehouse location
4. Store/warehouse Layout
5. Warehouse design and its parameters
6. Materials handling and equipment
7. Warehouse: Picking, Packing and Shipping
8. 5 S in Warehouse and Plant Management
9. Safety at Warehouse and related issues
10. Warehouse Design and its Parameters
11. Warehousing Activities
12. Learning check
Day Nine:
1. Introduction to program & learning objective
2. Introduction to Logistics and its importance
3. Supply Chain Management and logistics
4. Operational and strategic responsibilities of Logistics
5. Drivers in Logistics and SCM: Inventory
6. Drivers in Logistics and SCM: Transportation
7. Drivers in Logistics and SCM: Warehouse
8. Third Party Logistics (3PL) and
9. Fourth Party Logistics (4PL)
10. Various Payment Method
11. Incoterms,
12. Green logistics
13. Learning check
Day Ten:
1. Transportation and its importance
2. Modes of transportation
3. Elements of cost to run vehicle
4. Various types of Vessel
5. Cost comparison between two modes of transportation
6. Time-Chartered (T/C) Vs Voyage Chartered (V/C)
7. Shipping and related issues
8. Shipping documents & related conventions
9. Insurance and logistics
10. Logistics and transportation in Bangladesh
11. Learning Check
12. Certificate Distribution
13. End of the Session
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