Procurement, Store, Inventory, Supply Chain Management & Cost Control Mechanism training centre in Bangladesh


Procurement, Store, Inventory, Supply Chain Management & Cost Control Mechanism


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.


Lecture & discussion, Power Point Presentation, Peer learning, Group work and presentation, Experience sharing, Role play,Buzz and simulation games, Case study exercises,

Contents of Training:

Day: 01

1. Definition of Procurement & Public Procurement.
2. Nature of Procurement (Goods, Works & Services).
3. Preparation of Procurement Plan.
4. 5 types of Procurement method.
5. 4 offences in Procurement sector.
6. Tender Security, Performance security & Retention Money misconception.
7. Tender validation Time.
8. Selection of Consultant.

Day: 02

1. Tender Evaluation procedure.
2. Introducing with STD (Standard Tender Documents).
3. Section of Tender Documents.
4. Amicable settlement in procurement.
5. Negotiation
6. Review panel

Day: 03

1. Preparation of IFT (Invitation for Tender).
2. Procurement processing & Approval time table.
3. e-GP (Electronic Government Procurement) Guideline & Procedure.
4. Document Preparation of e-GP Tender.
5. e-GP Tender Submission procedure.
6. Exercise
7. Practical of e-GP

Day: 04

1. Definition of Store & Inventory
2. Stock Policy
3. Stock Records
4. Classification of Goods
5. Receipt of Stores
6, Issue of Stores
7, Control and Supervision of store
8. Stock Checks
9. Disposal of Stores
10. Audit of Store
11. Store Books & Form

Day: 05

1. Main Objectives of Inventory
2. Disadvantages of Inventory
3. Lead Time
4. Safety Stock
5. EOQ
6. Dead Stock
7. Inventory System:

FIFO = First in First out
LIFO = Last in First out
HIFO = Highest in First out
Weighted Average Method

8. Supply Chain Management
9. Cycle of SCM
10. Flows of SCM
11. Key benefit of SCM
12. What is cost control?
13. Mechanism of cost Control
14. Cost control in Inventory management
15. Cost control in Supply Chain management

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This course is designed for Procurement, Store & Inventory management professional those who are providing their valuable service in Public & private organization, NGO, INGO, IDA, WB, JAICA with a view to develop their specific knowledge of procurement procedure with the real field of holding their goods, equipment etc. and as well as familiar with (Electronic Government Procurement)e-GP. In addition, the fresher Engineer, Graduates can participate in this training for their future carrier.