Inventory/Material and Warehousing /Store Management course is designed and articulated to sharpen participant’s knowledge and skills in managing Inventory ,Warehousing ,Transportation and Distribution Management efficiently and successfully .Moreover after completion of this course participant will be more confident and can find out GAP that ensures the best value of money ,time ,effort invested by the individuals or organizations.
Inventories are materials and supplies that a business or institution carry either for sale or to provide inputs or supplies to the production process. All businesses and institutions require inventories. Often they are a substantial part of total assets. Financially, inventories are very important to manufacturing companies. On the balance sheet, they usually represent from 20% to 60% of total assets. Inventory Management ties up capital, requires handling, uses storage space, deteriorates, sometimes becomes obsolete, requires insurance, incurs taxes, can be stolen or gets lost.
The role of warehousing and storage has changed drastically as customer and vendor compliance issues have come to surface and a greater emphasis has been placed on operations and customer satisfaction. There are more demands and expectations in today’s industry. The management of warehousing operations requires a unique combination of engineering, IT, human resources and supply chain skills. Warehousing may occur at several points in the supply chain & is one of the main drivers of cost and value.
Objectives of this training:
•Explain the basic concept of Inventory/Material and Warehousing/Store Management
•It aims to provide participants foundational and advanced knowledge on how to tackle, resolve, and manage myriad complex problems and issues that confront of Inventory and Store Management.
•The purpose of the course is to find out GAP in right Inventory and Warehousing/Store Management that ensures the best value of money thus efficiency can be obtained.
• Supply the products and services to the right places in right time and satisfy the customer
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