Effective Store and Inventory Management is a key part of the supply chain and primarily aims to control the movement and storage of materials within a store or warehouse and process the associated transactions, including shipping, receiving, put-away and picking. Many organization invest a bulk amount of their resources to maintain its stores and supply chain process. This comprehensive training will emphasize on effective Store, Inventory and Supply Chain Management along with cost control Mechanism.
Traditionally it was thought that competitive advantage was the result of marketing and advertisement expenses and purchasing was not given due importance. Even in the recent past, purchasing was regarded as being services to production and other functions of the company and thus it was given limited attention to issues concerned with the procurement. But in today’s competitive business world, these traditional approaches can no longer guarantee competitive advantage in all cases. Companies, therefore, have to find other means of succeeding. This is nothing but succeeding through effective utilization of procurement processes. Now managers have realized that purchasing should be considered as a key strategic business process rather than a narrow specialized supporting function to overall business strategy.
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